Menu Close

Can cheque of one bank be deposited in another bank?

Can cheque of one bank be deposited in another bank?

Honesty is the best policy. One can deposit money by cheque in other own account either in the same bank or different bank. There is absolutely no problem in that. Generally banks do not charge for these transactions for small amounts.

Can cheque be deposited in any branch?

Banker’s cheques are issued only for the clearing area of the respective bank. It can be cleared in any branch of the same bank and city as it comes under the local jurisdiction.

Can I deposit a cheque in a non-home branch of the HDFC Bank?

Cheques drawn on bank branches at outstation centers will be collected using inter-branch arrangements in vogue. 1. Cheques drawn on Metro / Non-metro cities where HDFC Bank has a branch, credit will be given on receipt of clear funds.

Can I deposit other bank cheque in any branch of HDFC?

Yes you can subject to endorsing the cheque as account payee or payment to self because third party cheques are not payable in non-home branch and will be refused. If you endorse the cheque as account payee then that will be deposited to the persons account mentioned in the cheque.

Can cheque be cashed in any bank?

You can: Go to any branch in the city of the bank that the cheque belongs to and. Present it for clearance. The bank teller, will verify the details on the cheque and clear it -The cheque will be cleared then and there and you will get the cash.

Can I deposit UOB cheque to DBS?

It is possible for you to deposit a UOB cheque into a DBS, POSB or OCBC cheque deposit box.

How do I deposit a check into another bank?

How to Deposit Checks

  1. Download your bank’s app.
  2. Find the option to deposit checks and begin the process.
  3. Endorse the check (see details below).
  4. Take a picture of both sides of the check.
  5. Provide information from the check.

Can I deposit cheque in ATM?

The answer is yes—and here’s how to do it Almost everyone’s been there before: You receive a check, tuck it safely away, then forget to deposit it before the bank closes. Luckily, you can deposit a check (and even cash) into certain ATMs any time of day or night.

How many days does it take for a cheque to clear?

1.11 Cheques deposited at branch counters and Cheques deposited in the drop-box within the branch premises, before the specified cut-off time, will be sent for clearance on same day, for which the clearance period will be T+1 working day.

Can I deposit money in a different branch of same bank?

New Delhi: It is welcome news that customers of one bank will soon be able to deposit cash at another bank branch or automated teller machines (ATMs) as the National Payment Corporation of India (NPCI) has sent a proposal in this regard to all the major banks of the country.

Can I put OCBC cheque into POSB?

It is possible for you to deposit an OCBC cheque into a DBS, POSB or UOB cheque deposit box. You will need to ensure that you have written a bank account number under your own name before you’ve deposited the cheque into the bank branch.

Is DBS and POSB the same?

Established on 1 January 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on 16 November 1998. Prior to its acquisition, the bank was a major public bank offering low-cost banking services to Singaporeans.

Can we deposit cheque online?

Instead of bringing a check to the bank, mobile check deposit allows consumers to snap a picture of the front and back of a check using a smartphone and deposit it using a bank’s mobile app. In the banking industry, these digital transactions are referred to as remote deposit capture. It’s both convenient and safe.

How do I know if my cheque has cleared?

Your bank statement You will see a cheque on your statement once it has cleared. If it does not clear by 23.59 on the next working day the cheque has been returned unpaid and you will see a credit and debit cheque transaction. You will receive a letter to explain the reason why the cheque was unpaid.

How do I deposit a cheque with co-operative Bank?

For cheque deposits you will need to have a Co-operative Bank cheque deposit envelope for use at the Post Office. These can be ordered via our Internet Banking service or by calling our customer contact centre on 03457 212 212^.

How do I deposit a general cheque?

General Cheque Deposit. You will need to provide your full name as per Bank’s records, your bank account number and your contact number at the back of the cheque before depositing it at our Quick Cheque Facilities. Ensure that your full name, date, amount in words and figure (which tally) and issuer’s signature are completed on the front…

What currency can I deposit in my DBS/POSB account?

You can deposit S$ and foreign currency cheques. Remember to provide correct DBS/POSB account number and contact number of payee at back of cheque for the deposit.

Can I deposit cash into my account at the post office?

The funds will then be credited to your account immediately, as long as the cash is paid in before the Post Office’s cut off time (times may vary, please ask your local Post Office for their cut of time). For cheque deposits you will need to have a Co-operative Bank cheque deposit envelope for use at the Post Office.