She investigated the matter further, and discovered that she hadn't written the payee in on the cheque. |
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Extreme caution is needed where cheques are crossed and marked account payee only. |
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Where a cheque or bill is payable to order, it must specify the identity of the payee with reasonable certainty. |
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In other words, it must pay the payee, and anyone to whom the supplier negotiates the bill. |
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Under this rule it is even held that payment of a check to a payee bearing the same name as the payee intended by the drawer is a mispayment. |
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He further represented that he had the bank's authority to make a direct contract between it and the payee by the use of the cheque card. |
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As bills of exchange are meant to be discounted, they do not usually remain in the hands of the ostensible payee until their date of maturity. |
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Neither the drawer of the cheque nor the original payee consented to the alteration of the payee. |
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A special type of case arises where the drawer of the cheque and the payee maintain their accounts with the same bank. |
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When payments were made by cheque, the thing in action represented by the cheque belonged to the payee not the drawer. |
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The customer complained to the ombudsman last year after sending a cheque, which named him as the payee but was uncrossed, to his bank. |
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When the payee transfers or negotiates a bill, he is generally asked to indorse it. |
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With standing order and internet payments, money is taken from payers' accounts and held by the bank for two days before it gets to the payee. |
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Thirty seven percent of these public servants belong to a union and their defined benefit plans are an obligation of the payee by law. |
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Then PayPal charges your credit card and notifies the payee via email about your payment. |
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In not one of these aforementioned cases did the payee admit one ounce of guilt! |
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The tax treatment of assets received by an alternate payee is determined by the relationship of the alternate payee to the participant. |
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In addition, there are cases in which the bank suspects collusion between the customer and the payee of the erroneously debited amount. |
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But in many cases the payee indorses the cheque even if it is collected for his own account. |
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Whether such an instruction qualifies the order to the bank or is directed to the payee is a question of fact. |
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The program enables you to make transfers to different payees at the same time, even if the amount and message for each payee are not the same. |
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For a payer to settle their payments using LSV, a debit authorization benefiting the payee must be signed beforehand. |
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A check for a billion dollars would seem nothing when crammed into a pocket, but it opens vast possibilities to the payee. |
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The bills you pay through telephone banking, in-branch or at an ATM are conveniently already in your online bill payee list. |
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The payee also undertakes to advise the payor of any change in the payee's country of residence. |
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It is, therefore, something of a misnomer to speak of the transfer of funds as there is no actual transfer of coins and banknotes from the payer to the payee. |
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There were 26 cheques made out to a range of payees, none of whom received that money and the record on the stubs differed to the payee on the cheque. |
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The bank giro credit, which is delivered to the drawee bank and not to the payee, is payable as soon as the drawee, viz. the originator's bank, can make payment. |
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Everything was tailored to fit the amount and payee of the cheque. |
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In the good old days of writing checks by hand, there was always a check register where each check was recorded, along with the number, date, payee, amount, and maybe a little memo. |
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Whether it can reclaim the moneys from the payee is a different matter. |
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In a card of this type, the issuer warrants to the payee that a cheque, drawn by the card-holder for not more than a stated maximum amount, will be paid on presentment. |
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The concept gives a payee a direct right of recourse against the drawee bank, although if there are no funds then generally the drawee does not have to pay. |
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Your bank's site will walk you through the steps of registering the accounts you wish to pay bills from and the payee accounts you wish to send money to. |
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Payment Gateway companies authorize and facilitate the transfer of funds for online transactions from the payee to the recipient of the payment. |
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The supplier covers the roles of the seller, the sales agent or sales company, the lodging house operator and payee. |
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A bill of exchange is an order to pay and involves three parties: a drawer, a drawee, and a payee. |
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Payers shall submit a separate claim form in respect of each payee and payees shall submit a separate claim form in respect of each payer. |
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Certification is provided by the appropriate delegated authority that the payee is entitled to the payment. |
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The payee designated by you may be required to provide identification to the satisfaction of the paying bank. |
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In such a case, the full amount of the payment transaction and charges shall be shown separately in the information given to the payee. |
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The payment service provider of the payee shall for five years keep records of any information received on the payer. |
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It might be more of a challenge to find a solution for uniform, standardized data forwarding via a secure electronic path to the payee. |
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When you select the name of a payee, the remainder of the transfer form is filled in automatically. |
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The payor is clearly liable for the payment and the payee bears the risk. |
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A bill of exchange may be endorsed by the payee in favour of a third party, who may in turn endorse it to a fourth, and so on indefinitely. |
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Using this process, it is possible to prevent a return from the bank to the payee with the explanatory statement «no debit authorization on file» after a first automatic debit to a payer account. |
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New employees must fill out a form when they start work, to which the employer adds such details as its registered business name, address and payee account number, used for taxation purposes. |
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A qualified domestic relations order allows an employee's retirement plan to pay benefits to an ex-spouse named as alternate payee. |
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The party in whose favor the bill is drawn or is payable is called the payee. |
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The value of the negotiable instrument represents the debtor's obligation to the payee. |
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Mr Gilmartin says that the money was meant to be a contribution to party funds but that Mr Flynn, who denies wrongdoing, told him to leave the cheque's payee line blank. This is where Mr Ahern comes in. |
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If homeless people do not have a bank account they can receive their benefits through direct mail to a third party or having a relative assigned as your representative payee. |
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Any person in possession of a bill, whether as payee, endorsee, or bearer, is termed a holder and, if he is a bona fide purchaser, a holder in due course. |
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In this case, as in the case when the payee's deposit-taking institution fails after settlement, the payee bears the usual risk of a depositor in a failed bank. |
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The lender must be named as the loss payee in the insurance contract. |
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Academics have developed a system which has the benefits of easy, electronic money transfer while preserving physical attributes of something that is handed to the payee. |
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