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If your loan is not 30 days over due and you have the money to pay the payment can the bank refuse your payment?
Wiki User
∙ 16y ago
Yes. When a contract becomes defaulted, the lender does not have to accept payments or futher negotiate with the borrower unless they choose to. Most lenders will try to work with the borrower rather than resort to the expensive process of repossession or legal actions.
Wiki User
∙ 16y ago
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Will banks refuse payment of stale check presented through clearing?
Yes. They will refuse payment. No bank will actually cash a stale dated check. Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it.
Can a lender refuse a payment on a mortgage if you are 90 days past due?
Yes, the lender can refuse payment if it is not enough to cure the entire past due amount.
Can a bank refuse a payment on a auto loan?
Absolutely. There are other reasons other than a late payment for a bank to repossess your car. Cancelled insurance or a big drop in your FICO score. If you seem like a credit risk to your bank all they have to do is wait for you to become delinquent once and they have the legal right to default the loan and get the asset back. At that point they can refuse payment and keep the vehicle in most states. The only way is to pay off the full amount of the loan within 10 days.
What is online bill payment and how does it benefit you?
On-line bill payment is the method of transferring money from your bank account to someone else by electronic means. It primarily benefits the planet - by using less paper (no need to send a paper bill if you get one in an email)It can also be much quicker - a paper bill sent through the post can take a few days just to get from the company to you - then you have to take it to a bank and pay money over the counter. The bank can take up to three days to process the payment ! By paying on-line, the money is transferred in seconds !
What is Chase bank's mortgage payment grace period?
10 days
Will banks refuse payment of stale check presented through clearing?
Yes. They will refuse payment. No bank will actually cash a stale dated check. Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it.
Can a lender refuse a payment on a mortgage if you are 90 days past due?
Yes, the lender can refuse payment if it is not enough to cure the entire past due amount.
Can a bank refuse a payment on a auto loan?
Absolutely. There are other reasons other than a late payment for a bank to repossess your car. Cancelled insurance or a big drop in your FICO score. If you seem like a credit risk to your bank all they have to do is wait for you to become delinquent once and they have the legal right to default the loan and get the asset back. At that point they can refuse payment and keep the vehicle in most states. The only way is to pay off the full amount of the loan within 10 days.
What is online bill payment and how does it benefit you?
On-line bill payment is the method of transferring money from your bank account to someone else by electronic means. It primarily benefits the planet - by using less paper (no need to send a paper bill if you get one in an email)It can also be much quicker - a paper bill sent through the post can take a few days just to get from the company to you - then you have to take it to a bank and pay money over the counter. The bank can take up to three days to process the payment ! By paying on-line, the money is transferred in seconds !
What is Chase bank's mortgage payment grace period?
10 days
When can a bank refuse payment of a cheque?
A cheque may bounce (bank refusing to pay for it) due to a variety of reasons. Some of them are: a. The signature of the cheque issuer does not match bank records b. There is not enough money in the issuer's bank account to pay for the cheque c. There is overwriting in the cheque and is not duly counter-signed d. The amount in numbers and amount in words does not match e. The cheque is very old and expired (more than 90 days old)
How long do you have to stop payment on a check?
Generally you have two to three days before a check will clear a bank. If the person has already received the money, the check cannot be reversed.
Do you have three days to get money in your account after writing a check?
It Depends. a. If the person to whom you gave the check puts it into his account the same day, it will come to your bank account for payment the next day or worst case the day after that. So you will have at max 2 days b. If the person puts it into his account the next day or the day after that day it will come for payment to your bank after 2 days. So you will have 2 or max 3 days to get money into your account.
What is dishonoured?
Dishonored is a term used in banking when the payment for a check is refused by a bank. A Bank might refuse to cash a cheque (dishonor it) due to a variety of reasons. Some of them are: a. The signature of the cheque issuer does not match bank records b. There is not enough money in the issuers bank account to pay for the cheque c. There is overwriting in the cheque and is not duly counter-signed d. The amount in numbers and amount in words does not match e. The cheque is very old and expired (more than 90 days old)
Why might a bank refuse to cash check?
A Bank might refuse to cash a cheque due to a variety of reasons. Some of them are: a. The signature of the cheque issuer does not match bank records b. There is not enough money in the issuers bank account to pay for the cheque c. There is overwriting in the cheque and is not duly counter-signed d. The amount in numbers and amount in words does not match e. The cheque is very old and expired (more than 90 days old)
Can you stop a debit card payment?
Yes if the payment was fraudulent. Usually there is a very short time window (2 days or less) to notify your bank.
How long does it take to transfer money from an Irish bank to an English bank?
3 days
