The Judgments The court found guidance from the case of CA Pacific Forex Ltd v Lei Kuan Ieong  2 HKC and held that claims arising out of dishonoured cheques are not generally caught by an arbitration clause, without express words to that effect.
If the customer's account is in credit then the money standing to the customer's credit is a loan to the bank.
You must, of course, do this before we have paid the cheque. I've used these shops a few times and have the most experience with them. The account holder, the customer, is provided with a cheque book, containing forms which, when filled in properly by the customer, become cheques.
An arbitration clause will not be deemed to catch claims based on a dishonoured cheque unless the clause expresses this intention in terms.
When a cheque that you have deposited into your account is returned unpaid, you will receive an Image Return Document IRD instead of the cheque.
Deleting 'or bearer' on the Cheque Your pre-printed cheque forms have the words 'or bearer' after the space where you write the name of the person to whom you are paying the cheque. Applying this reasoning to these two cases, the court held that the plaintiff's claims on the cheques were not covered by the arbitration clause.
You can write the pence in numbers like this example. Nowadays, when most customers have bank cards which allow them to draw cash how to write a cash cheque hong kong automatic dispensers in the street or MTR stations, the terms on the forms are lengthy and draftedto give the bank a surprising amount of protection.
Countermanded MYR cheque is not accepted for clearing by agent bank. Ifin debit, the customer owes that amount to the bank.
The cases reiterate the importance of considering the words used in an arbitration clause in order to determine whether those words govern a particular claimirrespective of Hong Kong generally being viewed as an arbitration "friendly" jurisdiction.
Questions Enquire about a personal cheque facility Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you.
If the minimum payment due is not received by the bank on or before the payment due date, a late charge subject to a minimum and a maximum amount will be levied on your card account.
Do not send cash or post-dated cheque. For more detail, please click here. Foreign Check—A check, money order, or bank draft drawn on a foreign bank i.
It's a rather painful experience but it does get the job done. All charges are flat and shall be debited to the card account as at the date of the advance. Step 1 Write the name of the person who you are paying on this line. Can I deposit MYR cheque with amendment but with countermanded signature?
The amount credited will be net of agent charges, postage, commissions and any other fees where applicable. The Main Contract incorporated an arbitration clause in the following terms: If you looked at your bank statement and saw 'Cheque number ' you could look at your cheque book and see who you paid.
Minimum payment due You must pay at least the minimum payment due on or before the payment due date s as shown on the statement. If you have a current account, and you write 'cash' in the place provided for the name of the payee, the bank will then hand over in cash the amount you have filled in.
The Bank assumes no liability or control for your use of these links. Bundy  QB Given that there are so few defences to a dishonoured cheque there appears to be no commercial reason why a party to an arbitration agreement would agree to forego their right to sue on a dishonoured cheque in favour of arbitration and particularly given that Hong Kong is also generally considered to be a pro-creditor jurisdiction.
Please write down your credit card HKD account number on the reverse side of the cheque. If you would like to authenticate using a different subscribed institution that supports Shibboleth authentication or have your own login and password to Project MUSE, click 'Authenticate'.
Issue As between the plaintiff and the first defendants, one of the issues that fell to be determined by the court was whether the arbitration clause covered the claims on the dishonoured cheques; if so, it followed that a stay of the proceedings should be granted to allow the claims on the dishonoured cheques to be resolved by arbitration.
Section —Determine Whether the Check is a Foreign or Domestic Item The Federal agency depositor must determine whether the deposit item is a foreign check or a domestic check prior to creating a deposit in OTCnet.
It seems like they have some delivery options with SF Express. The financial agent for foreign check processing will initially accept and process all foreign checks see List of Currencies, subsection Payment made after I didn't try any of these but I did ask a friend about their experience and they say it's exactly like the printing shops.
A foreign bank drawee name; The address of a foreign bank drawee located outside the U.Jan 14, · RE: How do you write a check to cash? I lost my debit card and need some cash until I get a new one, but how do you do it.
Literally, what do you write where on the check???Status: Resolved.
Published by Hong Kong University Press, HKU Roebuck, Derek. Cheques. create cheques. If you have a current account, and you write 'cash' in the place provided for the name of the payee, the bank will then dictates the form of cheque we sign, though we can write crossings and other things on it which change its legal effect.
Moreover the. Online Banking / Phone Banking / ATM / Bank Counter Cash Bank-in Service / Cheque. Clients should notify our Company immediately via designated electronic channels or phone calls to our Sales and Customers Services Hotline at () / after deposit completed.
According to market research by the Cheque & Credit Clearing Company, consumers most often write cheques to pay bills by post (28%), for a service in the home (21%), to pay a club, society or to make donations to charity (16%), or to send a gift via post, pay a friend or a child’s school (12%).
Under Hong Kong law, it will clearly take something quite special for a payee to be taken to have given up their right to litigate in favour of arbitration with respect to claims based on a dishonoured cheque. Jul 10, · I am really stuck for cash at the moment and do not get paid until Friday.
My wallet was stolen yesterday with my last bit of money in it. I was wondering is it possible to write a check out to “Cash” for say, $ and a Cheque cashing store (dfaduke.com: Open.Download