Validating a bankers draft who is ione skye dating
If you accept a cheque as a payment instrument, you do so on a basis of trust.If you release goods on foot of a cheque, you do so on a basis of trust. So when you accept a cheque, you do not know for many days whether you have received actual payment or a worthless scrap of paper.Although some people regard bank cheques as equivalent to cash, there are certain circumstances where a bank cheque may not be paid.To clarify the position, NAB, as a member of the Australian Bankers' Association, adopts the following policy in relation to NAB bank cheques.The three-month validity will apply for all cheques and drafts dated 1 April 2012 or later.
However, it is impossible to predict when the cheque will be deposited after it is drawn.
Where NAB has not received payment for issuing a bank cheque to a customer (e.g.
your cheque to NAB in payment for the bank cheque is dishonoured), NAB may refuse to pay the bank cheque only if the person presenting the bank cheque for payment: has not given value for it (e.g.
Overview Cheques are the oldest payment instruments developed by banks.
(Cash is older, but it was developed by rulers in most countries).