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Countermanding a Bank Draft

2kool4skool · 2010-12-07 09:30:54

Where a bank draft has issued and been handed over to the payee and lodged by him with the paying bank, but the funds have not yet cleared into his account, can the original payer cancel or countermand the bank draft?

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07-12-2010 10:30am

#1

2kool4skool

Closed Accounts Posts: 38 ✭

Join Date: May 2010

Posts: 36

Where a bank draft has issued and been handed over to the payee and lodged by him with the paying bank, but the funds have not yet cleared into his account, can the original payer cancel or countermand the bank draft?

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