Search results
Results from the WOW.Com Content Network
A dishonoured cheque (also spelled check) is a cheque that the bank on which it is drawn declines to pay (“honour”). There are a number of reasons why a bank might refuse to honour a cheque, with non-sufficient funds ( NSF ) being the most common, indicating that there are insufficient cleared funds in the account on which the cheque was drawn.
To void a check, write "VOID" across the check in black gel ink, making sure to write over all of the check's lines and spaces, then record the voided check in your check register and make a copy ...
A voided check is simply a paper check with the word “VOID” written across it, often in big letters, indicating without a doubt that it shouldn’t be used for making a payment. This ...
– Void check: a check with the word "void" scrawled across is – Returned check or bounced check: one the bank does not process, generally due to the checking account it is written from having ...
In June 2018, it was reported that there were proposed class-action lawsuits filed against Simplii Financial and BMO for the data breaches, [18] which were settled in April 2021. The parties agreed to settle the action against BMO for $21.2 million, and against Simplii’s parent-company CIBC for $1.8 million. [19]
A banker's draft (also called a bank cheque, bank draft in Canada or, in the US, a teller's check) is a cheque (or check) provided to a customer of a bank or acquired from a bank for remittance purposes, that is drawn by the bank, and drawn on another bank or payable through or at a bank. [1]
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
The bank was established on 23 June 1817 [11] when a group of merchants signed the Articles of Association, formally creating the "Montreal Bank". [4] The signors of the document include Robert Armour, John C. Bush, Austin Cuvillier, George Garden, Horatio Gates, James Leslie, George Moffatt, John Richardson, and Thomas A. Turner.