Yes, you may cash a US cheque in Philippine banks. However, it may take up to a week to verify the funds before they are available.
After the Philippine-American War, the US governed the Philippines as a US possession. As it had promised to do before the war, after World War 2 the US granted independence to the Philippines.
the Philippine island
1. How were banks regulated between 1836 and the civil war?
Banks set interest rates at high levels..
July 04, 1946
Unless the cheque itself says otherwise, you should be able to cash it immediately.Even if it does have a later date on it, in the US, banks are not actually required by law not to cash "post-dated" cheques, though they generally do try not to. If you post-date a cheque, you should regard it as a polite reminder to the person you make the cheque out to not to cash/deposit it before then, not as an absolute barrier to them doing so.
Yes, most banks will change you cash.
The journal entry for a cheque issued to you by Ganesh would typically involve recording the receipt of cash or bank deposit. The entry would be: Debit Cash/Bank Account and Credit Ganesh's Account. This reflects the increase in your cash or bank balance due to the cheque received from Ganesh.
A Cheque is considered a dishonored if the bank account of the person who issued it does not have enough cash to pay for it. Let us say you issued a cheque to a friend for $1000 and your account has only $600 then the cheque would be dishonored.
A Post Dated Cheque is one in which the cheque date will be after todays date. Let us say I give you a cheque today with date October 15th 2011, then it will be a post dated cheque. The point here is that you cannot cash that cheque before October 15th and it can be cashed only on or after the date written on the cheque.
Most US banks still offer cash box services. Some banks that do offer the service include 'US Bank', 'Bank of America', 'Bank First', 'Capital One Bank' and 'Central National Bank'.
Yes, if you still have OD limit and No, if you have exhausted your OD limit. Let us say your OD limit is $10,000 and you have used $7,000 and you have given a cheque for $2000, then your cheque would be cashed. If you have used $9,800 and given a cheque for $2000 your cheque would be rejected.
Banks are regulated by a general set of regulations outlined in the United States law. Banks, for example, are regulated on the amount of APR they can set for loans. This keeps banks "in-cheque"(pun intended) and disallows them from taking advantage of people.
A cheque can be cashed only on or after the cheque date. Ex: Let us say you issue a cheque to Mr. xyz today (June 2nd 2009) and mark the cheque date as July 1st 2009 (A post dated cheque) Mr. XYZ can deposit this cheque on or after July 1st 2009. If he tries to deposit before that date, the bank would reject it. A cheque is a valid and legal instrument for money transactions only after the cheque date.
Yes, that's why banks exist. From any country to any country.
Certain banks near the US Mexican border will exchange Mexican currency for US dollars.
a bank cheque (UK) (check)(US)