Free Cheque Essays and Papers

Banker’s Cheque? A banker’s cheque similar to a banker’s draft is guaranteed by the bank. This is a pay order drawn on bank’s own funds and signed by a cashier. Banker’s cheques are mostly used for making real estate payments, brokerage payments and institutional payments. The beneficiary needs to deposit a banker’s cheque to the bank to receive the mentioned amount of money. The cheques are usually cleared one day after the deposition. Features of a Banker’s Cheque: A banker’s cheque has certain

balance of S$8,000 is required from the 7th month onwards... ... middle of paper ... ... account can be closed within 6 months of opening. A non-refundable service fee of S$10 is charged when opening the account. The bank charges $0.50 per cheque cleared, cheque charges are waived if average daily balance is S$30,000 and above. Average daily balance refers to the average amount during the month, calculated by adding the daily balances for the month and dividing by the number of days in that month

‘’Conflict is the process of opposition and confrontation that occur in organizations between either individuals or group-occurs when parties exercise power in the pursuit of valued goals or objectives and obstruct the progress of other parties’’ (Wagner and Hollenbeck 2010, p.227) . Oceanic Bank International Plc(OBI) is one of Nigeria’s foremost financial services institutions. The bank serves customers spread across all tires of government, corporate organisation, small and medium enterprises

Introduction The cheque means a document to order the bank to pay specific amount from a person’s account to another person who had been issued it at bank. Section 73 of the Bills of Exchange Act defines cheque as bill of exchange, as payable on demand and it drawn by banker. The cheque most widely used as commercial paper today. A crossed cheque is when the two parallel lines are drawn across on the cheque and word may be written across the cheque. Section 123 defines crossing cheque is where a cheque bears

Electronic Banking or E-Banking also known as Virtual Banking uses electronic technology and computer in place of cheques and other paper transactions. E-Banking are initiated through devices like cards or codes that let the user access their account. Many financial institutions like banks use ATM or debit cards and Personal Identification Numbers (PINs) for this purpose. Some use other types of debit cards that require your signature or a scan. Virtual banking, which does not involve any physical

On September 3rd, 1903, Lawrence Exeter Jr. was born at Hollywood hospital. His mother, a famous silent film actress Marie G. Exeter and his father, a wealthy oil tycoon, Lawrence B. Exeter. Essentially, they were loaded, Junior was sent to a private school for boys when he turned five, and got a bike a year later, he had everything he could ever want, and in hindsight that was the beginning of his demise. When junior was ten it seemed like he was well liked, but he wasn’t he flaunted his status

house, however, the stranger is treated with a new attitude. He is still not completely accepted by the community that he has moved into, but he does wield a new type of power simply because only he can produce cash from paper billets. With his magic cheques, though, the stranger creates a tension that grows into an economic struggle between himself and his community. Even worse, the stranger unknowingly creates a conflict among the natives of the town who have been a united group. Ultimately, because

behalf of their customers. MCB bank collecting cheque of other bank by the customers of contains some fees or not charging any fees that is called clearing.” Clearing of bank mechanism include collection and payments of cheque, demand draft, payment regulate and dividend warrant etc. it’s a best service offer by the bank. It helps the customers a lot necessary role of commercial bank is to accept deposit and to honor cheque drawn upon them. Typically cheques are used for the payment making to account

fraud. The information stored on the magnetic strip is account numbers, bank sort code, system number, cheque digit Task two - Cheque clearing There are three sets of numbers printed along the bottom of the cheque using magnetic ink and machines can automatically read these numbers. MICR stands for Magnetic Ink Character Recognition, it works by inputting special ink onto cheques and the ink then is magnetised. The limits are that very few characters could be recognised but it can be

Compare different payment systems used in e-commerce interfaces Net Banking Net banking is a fairly modern payment method which allows the customer to purchase items and use internet banking without the use of their card. This means that the customer does not need to enter their details like card number, their name or even their security code. This is because the net banking account already would have the information already logged into it. Certain banks also have mobile applications for online

the customer can withdraw the money after the expiry of certain time period of 3 years, 5 years etc. b.)Demand Deposit:- demand deposit are the deposits which can be withdrawn by the customer at any time. This type of deposit is withdrawn either by cheque or

learn and do in my week long course. On my first day, I worked with Victoria in the customer care department. She demonstrated how to enter the cheque in the system. Additionally, she displayed how to use the core banking system. More importantly, she showed me how to scan the cheques and add them to the system. As time passed by, Victoria gave me pile of cheques to enter in the system while she went for her late lunch. When she reappeared at three o ‘clock, she was gleeful with my work. Finally, when

Humorous Wedding Speech by the Best Man When Daniel came to me and asked me to be his best man, it was a great honour but, when I looked at all the duties required of me, I felt he’d be better off choosing someone else. Then he offered me a fifty, but I told him that it wasn’t a decision that money could change. So then he offered me a hundred. Anyway, good evening Ladies and Gentlemen - My name is Rob and it’s my pleasure to be Daniel's best man today. So let me tell you about all those

account. In case there is insufficient fund to clear a cheque from the saving bank account the deficit amount will automatically get transferred from your fixed deposit to the savings bank account. For example, let us say a person has Rs. 10,000 in the savings bank account a fixed deposit with the bank of Rs. 1 lakh. In case of an insufficient balance in your savings bank account, the fund from this fixed deposit will be used. If the person draws a cheque of Rs. 25,000 and the savings bank account has just

Saving Bank Account Opening a saving bank account is very easy. These days, there is no such thing as minimum balance as the Reserve Bank of India has advised all banks to open saving accounts with “NIL” balance. This is called a Basic Savings Bank Deposit Account. One just needs to fill up the account opening form with a latest photograph and submitting documents to comply the “know your customer” (KYC) norms, i.e., proof of our identity and residence. The account can also be opened on the basis

can have their cheques and credit card vouchers printed automatically. An itemised receipt is produced like that shown opposite. Notice the information it contains. More promotions can be offered, such as 'buy two and get one free' ('multisaver'). Customers using debit card such as switch can withdraw cash from any checkout. The scanning system is much faster than the manual system, so customers spend less time wa... ... middle of paper ... ...de by cheque and if their

I started Knoxville TVA Employees Credit Union on April 1, 2013. I had objectives set earlier this semester: build solid communication skills, establish the importance of teamwork in the professional environment, develop analysis skills, particularly with numerical data, and gain experience/knowledge working with financial data. While working there I feel I have met every objective I have set for myself. The course work I have learned while furthering my education has helped me meet the objectives

that are perceivable as a part of a contract intended by the parties to be concluded in future, a relationship of a legal nature is presumed to begin. Thus, where a person asks the banker to open an account for him, and is yet to lodge cash or a cheque for collection, a contractual relation is said to arise. The actual transactions in the account will only strengthen the relationship in terms of the benefits and obligations flowing from a contract. 5.1 ALLEGATIONS OF CHEATING AGAINST BANK A bank

ICICI BANK ICICI Bank is the second-largest bank in India. Its total assets worth Rs.1,67,659 crore in the yer ending march 2005 and its profit after tax amounts to Rs. 2,005 crore. March 31, 2005. ICICI Bank has around 560 branches and subsidiaries and it has over 1,900 ATMs spread around the land. ICICI Bank provides a large variety of financial services and also a huge variety of banking products to its both retail customers and corporate customers through a wide variety of delivery medium and

service has been categorized under the following three modules: 1. JB Cheque Payment System 2. JB Cash Deposit System 3. JB Remittance Payment System Besides, Online banking (Real time) system has already been implemented in 174 branches by 20 BACPS For minimizing fraud and forgery, reducing cheque carrying and clearing cost, payment processing time in a wide range, the bank is applying BACPS and settling payment of all cheques throughout the country under a single head of the Bangladesh