A written stop-payment order is valid for six months, and the customer can extend it for an additional six months by giving the bank instructions in writing to continue the order.
Correct Answer:
Verified
Q2: Which of the following is an actual
Q3: Even when a bank receives a properly
Q4: A check on which a bank is
Q5: When a bank receives a properly drawn
Q6: Which of the following sources governs the
Q7: Which of the following best describes a
Q8: Under the Electronic Fund Transfer Act (EFTA),
Q9: When the depositor deposits a check to
Q10: Normally, a drawee bank is not obligated
Q11: If an account is overdrawn, the customer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents