I dont have an account in India but would like to cash a third party cheque that is already stamped "Not NEgotiable" Can I have the term "net negotiable" voided by getting the payer to cross it offa and sign it again? Or what else can I do?
2007-01-29 11:24:26 · 6 answers · asked by Prav 4 in Business & Finance ➔ Personal Finance
No, "Not Negotiable" means that it cannot be cashed by anyone. The issuer of the cheque will have to replace it.
2007-01-29 11:30:03 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Non Negotiable Cheque
2016-10-13 11:38:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, look up "not - negotiable" in the dictionary .
Crossing it out would make it an altered check and again
NOT cashable.
You can get the payer to issue a whole new check that does not have " not negotiable " on it - then , maybe , someone will consider a 3rd party check , although it is still unlikely.
AND FYI: not negotiable is usually NOT a check but a duplicate / record of a real check that was issued.
OR a conditional check, that is actually a loan and requires completion of loan application paperwork.
2007-01-29 11:32:25 · answer #3 · answered by kate 7 · 0⤊ 1⤋
No you can not cash a Not Negotiable check or have it voided off. It is not legal tender because it has already been cashed.
2007-01-29 11:32:27 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Not negotiable means'useless'---cannot be cashed.
2007-01-29 11:34:00 · answer #5 · answered by poutine 4 · 0⤊ 1⤋
no that what not negotiable means, because is already put into your account
2007-01-29 11:28:23 · answer #6 · answered by clara f 1 · 0⤊ 1⤋