Common use of Cheque payments Clause in Contracts

Cheque payments. a) When we receive a cheque that you have written we will take the money from your account on the same day. We usually receive cheques a few days after you have written them. However, the exact timing will depend upon when the person you gave it to pays it into their account. If the recipient requests special presentation of your cheque from their bank it is likely to be debited from your account on the following Working Day after it was paid in by the recipient.

Cheque payments. a) When we receive a cheque that you have written we will take the money from your account on the same day. We usually receive cheques a few days after you have written them. However, the exact timing will depend upon when the person you gave it to pays it into their account. If the recipient requests special presentation (special presentation being a process whereby the cheque is presented directly to us as your branch) of your cheque from their his or her bank it is likely to be debited from your account on the following Working Day after it was paid in by the recipient.

Cheque payments. a) a. When we receive a cheque that you have written we will take the money from your account on the same day. We usually typically receive cheques within a few days after of you have written writing them. However, but the exact timing will depend upon depends on when the person you gave it the cheque to pays it into their account. If the recipient requests special presentation of your cheque from their bank it is likely to account (which can be debited from your account on the following Working Day after it was paid in by the recipientmonths later).