We are a service provider company and we receive cheque payments from many of our customers. One of our clients is not paying us regularly. His cheques are frequently bouncing. We have requested him ...
A void cheque is one that has been rendered invalid by writing "VOID" across it. Voided cheques are often used to transmit banking details for the purpose of making an electronic transaction. Many or ...
The Guinness Book of Records (well at least my old copy) claims that the strangest cheque was one written on a live cow. Rob Lines, Bristol As long as you have the bank details, account details, your ...
While the use of cheques has been declining with the growing popularity of electronic and card payments, banks still process a lot of cheques every year, according to https://cba.ca. A cheque is an ...
Cheques are often used for large payments, but you can’t tell if a cheque is good by looking at it. Unless the cheque writer has sufficient funds available when your cheque is presented to the bank, ...
The Indian financial landscape has a variety of payment and fund transfer modes now—from cash, to debit and credit cards to mobile apps like Paytm—but for most of us, cheques remain an integral part ...
Remember that staying informed about the latest fraud trends and educating yourself about best practices is crucial. These days financial frauds are on the rise, and we must be careful and protect our ...
Cheques cost more than you think. Processing costs, payment fraud, time delays, delayed funding, and high cheque-cashing costs can turn your financial situation into a nightmare. Cheque processing is ...
On June 22 last year, the Reserve Bank informed banks that from December 1, 2010, all cheques cleared under the image-based cheque truncation system (CTS) should be free of any alteration, correction ...
Know how to write a cheque by following this five-step method so you can accurately make payments and deposits across Canada. Many or all of the products on this page are from partners who compensate ...