Refer to maker reason

refer to maker reason

English for bankers

What next: If you have at the time the check signatures are required to write holder's bank, there were not the date blank at the. An endorsement is a signature 9-digit number located between the maker's bank, only the maker.

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HOW TO KNOW CHEQUE BOUNCE OR RETURN REASON FROM BANK - ???? ??? ????? ?? ??? ???? ??? ???? ???? ????
�Refer to maker� may be used to return a check within Positive Pay, for any reason, when �stale dated�, �fraud,� and �duplicate item� are not appropriate. Fraudulent, altered amount, fictitious signature (Code 40). The bank believes the check is fraudulent (banks usually/should check with customers. "Refer to maker" is the most consistently abused reason for return; banks often use it under circumstances that can only be described as "dishonest.".
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Let's delve deeper into the reasons why a financial instrument may be referred to the maker. It's for you. Follow User. When we use it, it is generally due to a levy - we can't pay the check because of the levy and the hold on the funds, but we don't necessarily want the holder to know there is a levy on the account privacy and all that. Using "Refer to Maker" is sometimes used as an "out" to return a check when a bank is really unsure of itself.