ADVISE PLS.
Good am to everone here, i need some idea to this issue. How can I cancel our check that i give it to some one,But now our deal is cancelled but i already did give him a check under his name, now anytime he can withdraw the money from my bank account. and the bank is refusing to help us to cancel, we did report it to the police and the police said we just take back the check, But how we can that becuase the guy is not in town. But maybe he can ask someone to withdraw that money. Pls. I need legal advise urgently, the check was due few days from now. Thanks
Thank you all for all your advice.Its really help me a lot. Now this guy so called the owner want us to vacate the house before he will give me back the check. But we just sign the contract with the building owner. What can i do now.
there is an option when u r writing the cheque .. says to pay for that certain person "u state his name" or it's beholder ..
if u strike the word "or it's beholder" means that no one can withdraw this cheque except that exact person ..
and if he is outside the town then no need to worry ...
one more thing, what was ur deal ?? was it written .. did u mention in it the cheque number and exact amount ??? if so and the deal is canceled.. how it was canceled?? verbally? or written?? in both case you need a witness .. have any?
if after all this u can't find solution for that ...
go immediately to the bank and ask to change ur signature ...
signature now on cheque will be different and all cheque with old signature will be stopped until further confirm from you
Winky, submit your written request in person to the bank asking for "STOP PAYMENT OF THE CHEQUE#XXXXX". Give all the details about that cheque like Beneficiary name, amount,date written on it. They might ask you to give details why ur marking it STOP PAYMENT.
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They will charge you for your instruction and will mark it STOP PAYMENT in their banking system
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BE AS QUICK AS POSSIBLE. Don't wait a minute
advise the bank in writing... and make sure the bank received your letter of advise to cancel the check..