Professional Documents
Culture Documents
1. Countermand Of Payment :-
The drawer of a cheque can stop the payment of a cheque by informing the banker either on the
telephone or through message. The banker will suspend the payment.
2. Customers :-
The banker can refuse to make the payment of a cheque if his balance is not sufficient to cover the
cheque. While over draft facility case is different.
4. Marking Cheques :-
A drawer may get a particular cheque marked from his banker. The banker will retain the amount in
order to honour the marked cheques. Bankers always honours these cheques first and other cheques at
the end.
8. Insolvency :-
If the court is satisfied that the customer appears to be insolvent. It will issue a receiving order and
banker will refuse to make the payment.
9. Trust Funds :-
If the banker is satisfied that his customer by breach of trust is crediting the trust funds to his account
the banker may refused to make the payment.
11. Out-Dated :-
If the cheque is post-dated the bank will honour the cheque.