answersLogoWhite

0

What is Cashed back Bank draft?

Updated: 9/22/2023
User Avatar

Wiki User

10y ago

Best Answer

This makes no sence..It should be CASH BACKED..! meaning backed up by cash. This way it more seams to be a scam, form a non English speaking person...

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is Cashed back Bank draft?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you read the back of a cashed bank check?

When a check is cashed at the bank, there is information the bank prints on the back of the check. The information includes the date and the bank and routing number of where the check was cashed.


How do you write a letter to bank manager for reissue the Demand Draft?

A demand draft does not need a signature to be cashed. You can write to the bank manager explaining why you need them to reissue the draft and any pertinent information such as account number, amount, and names on the account.


What will happen if there is a small mistake in a demand draft?

It depends on what the mistake is. Usually, a draft would not be cashed by any bank if the draft does not have a clear date, payee name and amount along with signature of a certified authority of the issuing bank. If you feel that any of these values are printed/written illegibly or wrongly in the draft you can ask the draft issuing bank to re-issue the draft.


Demand Draft Rejected?

A Demand Draft could be rejected if:Your signature does not match the signature with bank recordsThe person who gave you the DD canceled it before you cashed it


How long does a bank draft take to clear?

How long it takes for a bank draft to clear depends on where the back issueing the draft is located and where the draft is submitted for deposit.


Can you change a check in to money?

Yes, a check is a bank draft drawn on an account. Provided the account has funds and is payable to you, it can be cashed at your bank or any check cashing place or if you go to the bank it was drawn on with ID, they will cash it for you.


Did cm play in smackdown?

no he debuted on ecw and was drafted to raw in the 2008 draft where he cashed in his money in the bank briefcase and won the world heavyweight championship


What is demand draft?

Demand Draft is used by individuals to make transfer payments from one bank account to another. Demand Drafts are marketed as a relatively secure way of cashing checks. The difference between a Demand Draft and a Normal Draft is that a Demand Draft do not require a signature in order to be cashed.


You want to know that after getting a demand draft can the person who has issued it can cancel the demand draft?

Yes. You can cancel it by giving a written request to your bank. The bank can cancel the DD provided the person to whom you gave it has not cashed it already. If the DD is already paid out, the cancellation cannot be done


How are business checks cashed?

Business checks are cashed in the same way as individual checks. The only difference is that they are usually stamped with a business stamp on the back before being submitted to the bank.


Why wont a bank accept a bankdraft back from one of teir customers?

The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).


Who cashed in the money in the bank for the WWE?

The miz