How to write a cheque in India? But there some simple things we overlook while writing out a cheque to someone that can easily be misused. We write it so many times to pay bills, make payments etc. But there are times when people make the most obvious and sometimes careless mistakes while writing a cheque that can easily result in frauds or cheques being misused or dishonored.
How can you use a cheque? Only accept cheques from people you know and trust. You can use a cheque to pay someone, or get paid by someone. You can pay anyone with a cheque, if they accept it. Only accept cheques from people you trust.
Cheque writing basics Writing cheques is simple and safe, as long as you get the basics right. Add details such as a reference or account number to the payee line.
This makes sure the money ends up in the right place. Keep the cheque stub that contains the details and reference. Make sure you have enough money in your account to cover the value of the cheque until the person has paid it in and the money has been deducted.
When you write a cheque, the money usually leaves your account three working days after the person pays in your cheque.
If you use the money in the meantime, you might have to pay it back. Cheques do not have an expiration date, but will often be rejected if dated more than six months earlier.
Stopping cheques and other cheque issues Stopping a cheque If you think you made a mistake, for example you wrote the wrong name on your cheque, or you lost it, you can ask your bank to cancel it.
There is often a charge for this. Remember to keep the cheque stub that contains the cheque details and reference. It is a criminal offence to hand over a cheque knowing it will bounce or with the intention of cancelling it. Your bank will send the cheque to the bank which issued the cheque, by first class post and phone them the next day to confirm that it will be paid.
Out-of-date cheque rejections Banks usually reject cheques that are older than six months. To avoid problems with out-of-date cheques make sure you: Post-dated cheques A post-dated cheque is one with a future pay-in date on it. For this reason, they do not bounce because of a lack of funds.
If you spend the money in the meantime, you might have to pay it back. When should you use one? Explore other ways to make Payments into your bank account. Especially for larger sums, due to the number of instances of fake drafts being presented. For example, for the payment of cars. Keep a record of each cheque you write on the stub in your chequebook.
Check these against your statement and report any problems to the bank straight away. Find out about Making phone and online bank transfers. Did you find this guide helpful?Feb 20, · Will HSBC accept a cheque of a foreign bank in a foreign currency?
2. How long do you think it will take to be credited into my company's account? Depending on that time-frame, I need to find a bar that sells beer on credit: D or some wealthy expat friends. As suggested by shri, I will visit the HSBC main building and nag them about it. I. Believe it or not, it's possible to earn 5% interest on savings tax-free.
Regular savings accounts are a hidden species that pay big if you feed them every month – we've all the best buys in this guide, plus tricks to maximise your interest. The clue's in the name. Most regular savings accounts. HSBC’s e-Cheque services Don't deposit an e-Cheque more than once; Don't offer any credit facility to the payee based on an e-Cheque as collateral.
User Guides. Write, call or send a message ; Find a branch. And your nearest Express Banking location ; Help and Support. Manage up to three HSBC accounts on one card; transfer up to the available balance of these accounts.
Withdraw up to HKD80, per day. Please click here [PDF] for more information.; To strengthen security controls for ATM services, the overseas ATM daily withdrawal limit (including cash advance) is .
Write the Date. The date line appears in the top right-hand corner of the cheque. In this field, you generally will write the day you are writing the cheque although you can post date a cheque . Deposit Cheque into Your HSBC Account Quickly, Conveniently, and Securely Across the UAE with Hassle Free HSBC Bank Cheque Deposits Network.
Deposit to your HSBC account or Credit Card; Contact HSBC. Write, call or send a message. Find a branch. Your nearest Express Banking location.
Help and Support. See FAQs, forms and fees & charges.