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What does it mean when you ask the bank for a special clearance on the cheque you have deposited into your bank account?
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What is the clearance time of a RBS cheque into a HSBC account?
It depends. If the RBS cheque is from a RBS bank account in India and deposited inside India in a HSBC Account, the clearance time is usually 3-5 working days. If the RBS cheque is from a RBS bank account from abroad and deposited inside India in a HSBC account, the clearance time is usually 3-4 weeks.
Can cross cheque be deposited in bearer account?
A crossed cheque must be banked. If the or bearer is not also crossed/deleted; then, strictly speaking, the cheque can be banked into the holder (bearer) of the cheque [and the bank teller will write the bank account number into which the cheque is being deposited].Some countries will only let the cheque be deposited into the bank account of the person/business named on the cheque (even if the or bearer is not crossed/deleted).
How do you encash crossed cheque?
Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.
How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
What is account payee check?
A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
What is the clearance time of a RBS cheque into a HSBC account?
It depends. If the RBS cheque is from a RBS bank account in India and deposited inside India in a HSBC Account, the clearance time is usually 3-5 working days. If the RBS cheque is from a RBS bank account from abroad and deposited inside India in a HSBC account, the clearance time is usually 3-4 weeks.
Can cross cheque be deposited in bearer account?
A crossed cheque must be banked. If the or bearer is not also crossed/deleted; then, strictly speaking, the cheque can be banked into the holder (bearer) of the cheque [and the bank teller will write the bank account number into which the cheque is being deposited].Some countries will only let the cheque be deposited into the bank account of the person/business named on the cheque (even if the or bearer is not crossed/deleted).
Can a government cheque be deposited in an inactive bank account?
is it possible for money to be deposited in an inactive bank account
How do you encash crossed cheque?
Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.
How do you use deposited in sentences?
I deposited the cheque into my bank account. I made a deposit on the new T.V. set.
What is return check?
Somebody who has issued cheque to you because of which money will be deposited into your account is returned back ie bank does accept the cheque issued to you for numerous reasons either due to sign mismatch, Account no missing, stale cheque been deposited etc.
How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
What is account payee check?
A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
What is inward check return?
Somebody who has issued cheque to you because of which money will be deposited into your account is returned back ie bank does accept the cheque issued to you for numerous reasons either due to sign mismatch, Account no missing, stale cheque been deposited etc.
Differences between cross and open cheque?
A cross cheque means, the cheque can be deposited in account only, while an open cheque means, the the bearer can withdraw cash. Cross cheque means cheque amount only paid to bank account open cheque cash withdrawal by parties
How do you realize the crossed check with out having any account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque
What is the journal entry for cheque of another bank deposited to bank?
[Debit] Bank account [Credit] Cash account
