1、But we have to send a personal check to the drawee bank for collection.
2、B; Of course, we must give these checks to drawee bank to collect the funds they owe us.
3、Validated cheques are guaranteed by the issuer of the guarantee card, the drawee bank or the system operator.
4、Yes, they separate all the checks according to drawee bank, add the total each bank owes and deduct that from the balance maintained at the clearing house.
5、Thats an out-of-town personal check. We wouldnt be able to cash it for you until proceeds are collected from the drawee bank.
6、For payment made by cheque, payment is valid only when the cheque is honoured on the first presentation to the drawee bank.
