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Bank draft - repurchased/cancelled, How to refund ?
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mini orchard
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 Aug 16 2020, 10:15 PM
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QUOTE(MUM @ Aug 16 2020, 10:12 PM) that good for 6 months mean can cash out anytime within 6 months...not cannot cancel within 6 months "Any cancellation b4 6 months need written confirmation from payee as the beneficial owner."...this mean can cancel without the need to wait for 6 months from date of issue right? If the payee request for bank draft as payment, there is no reason to cancel the cheque ! The payee can return the cheque, if for eg the tender is not successful and the payer can then go the bank to have it cancel. This post has been edited by mini orchard: Aug 16 2020, 10:18 PM |
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MUM
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Aug 16 2020, 10:18 PM
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QUOTE(mini orchard @ Aug 16 2020, 10:15 PM) If the payee request for bank draft as payment, there is no reason to cancel the cheque ! What did ts in post 12 asked? This post has been edited by MUM: Aug 16 2020, 10:19 PM |
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mini orchard
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Aug 16 2020, 10:21 PM
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QUOTE(MUM @ Aug 16 2020, 10:18 PM) What did ts in post 12 asked? Only after 6 months. This post has been edited by mini orchard: Aug 16 2020, 10:23 PM |
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mini orchard
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Aug 16 2020, 10:24 PM
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QUOTE(avrilmae @ Aug 16 2020, 07:03 PM) The original bank draft is required for any cancellation of bank draft. A bank draft is technically a cheque issued by a bank which is as good as cash to the recipient. If for whatever reason the original bank draft cannot be located or missing, cancellation can only be done six months after the issue date. This is because any cheque including a bank draft which is issued more than six months will be considered void. +1 |
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T231H
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Aug 16 2020, 10:28 PM
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QUOTE(mini orchard @ Aug 16 2020, 10:15 PM) If the payee request for bank draft as payment, there is no reason to cancel the cheque ! The payee can return the cheque, if for eg the tender is not successful and the payer can then go the bank to have it cancel. what if the banker cheque is lost during transit? |
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mini orchard
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Aug 16 2020, 10:34 PM
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QUOTE(T231H @ Aug 16 2020, 10:28 PM) what if the banker cheque is lost during transit? Written confirmation from payee that draft is lost and the bank cannot be held responsible for non payment if is bank in later, if found. This post has been edited by mini orchard: Aug 16 2020, 10:34 PM |
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mini orchard
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Aug 16 2020, 10:35 PM
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QUOTE(MUM @ Aug 16 2020, 10:18 PM) What did ts in post 12 asked? I submit a bank draft of RM50,000 for tender JPJ car registration number. If i change my mind, can I ... 1. Retrieve my tender document ? .... No. 2. If JPJ dont allow, I proceed to cancel bank draft ... report lost ! According to you, is yes. 3. What happens if my bid is accepted by JPJ ? Can JPJ bank-in the draft ? This post has been edited by mini orchard: Aug 17 2020, 06:47 AM |
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MUM
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Aug 16 2020, 10:36 PM
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QUOTE(mini orchard @ Aug 16 2020, 10:34 PM) Written confirmation from payee that draft is lost and the bank cannot be held responsible for non payment if is bank in later, if found. so that means no need to wait 6 months to have it cancelled without original draft |
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T231H
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Aug 16 2020, 10:39 PM
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QUOTE(MUM @ Aug 16 2020, 10:36 PM) so that means no need to wait 6 months to have it cancelled without original draft from that reply, seems like a yes.... the bank has already set this fees to be charged for cases like that as posted earlier. |
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