Stop Payment Cheque Letter With Format And Sample
Stop Payment Cheque Letter
Table of Contents
Stop Payment Cheque Letter: Suppose you have issued a cheque to any organization, your client, or person for any purpose. After that, you have thought about it and decided not to make the payment. In this case, you should write a request letter to the bank authority and mention the cheque number. When it will be presented in the bank, it will not be paid.
There are many reasons to stop payment of an issued cheque. The reasons are below.
- Lost cheque
- Missing issued cheque
- Stolen
- Try to ford
- Misunderstanding
That is why I have highlighted a format that will help you to write a request letter about stopping the payment of the cheque. You will have to fill the vacant place with your details. If you read the samples you can easily understand them.
Format
To
The Bank Manager
[Bank Name]
[Bank Address]
Date: ……./…../…….
Sub: [Stop payment of the cheque No- ______________]
Respected Sir/Madam,
With due respect, I beg to state that I issued the above-mentioned cheque amounting to Rs. 50,000/- to [Name] but [Mention the reason]. In this circumstance, I request you to stop payment of the sum if it is presented.
I will be grateful to you if you take the necessary measures in this regard.
Thanking you
Yours faithfully
[Applicant’s Name]
You can visit the below website for the invoice template
Zintego Invoice Template Online
Letter Stop payment of lost cheque
To
The Bank Manager
[Bank Address]
Date: ……./…../…….
Sub: [Stop payment of the cheque No- ______________]
Respected Sir/Madam,
With due respect, I beg to state that I issued the above-mentioned cheque amounting to Rs. 50,000/- to Mrs. Dutta but he reported to me that he lost it yesterday. In this circumstance, I request you to stop payment of the some if it is presented.
I will be grateful to you if you take the necessary measures in this regard.
Thanking you
Yours faithfully
[Applicant’s Name]
Request Letter to Bank for Stop Payment of Lost Cheque
To
The Bank Manager
[Branch Name]
[Branch Address]
Date: ……/……../……..
Sub: [Request for stop cheque payment]
Dear Sir/Madam,
My name is Sadhan Das. I am a savings account holder with your branch. I am writing this application to inform you I have issued a cheque bearing no.____________. The amount of the cheque is 100000/-. Afterwards, I have decided not to pay him. So I request you to stop the payment when the person will present the cheque.
If you kindly do the needful at your earliest, I will be very obliged.
Thanking you
Yours sincerely
[Your name]
Contact details
Application for stop payment of cheque
To
The Bank Manager
[Branch Name]
[Branch Address]
Date: ……./……../………
Sub:[Application for stop payment of cheque]
Sir/Madam,
With the best regard, I beg to state that I am a current account holder in your branch. Last day I had issued a cheque to my client for business purposes. The amount of the cheque is 70000/- and the bearing no. XXXXXXXXXX. I have decided not to pay him. That is why I request you to stop the payment whenever the cheque is presented.
Please do something in this regard.
Thanking you
Yours faithfully
[Signature]
Contact details
FAQ’s On Stopping Payment On A Cheque
How do you write a stop payment letter?
Answer: write
To
The Bank Manager
[Bank Name]
[Bank Address]
Date: ……./…../…….
Sub: [Stop payment of the cheque No- ______________]
Respected Sir/Madam,
[Write the body of the letter]
Yours faithfully
[Applicant’s Name]
How do I stop payment on a cheque?
Answer: You stop payment on a cheque online or offline. Offline you have to go to the bank and submit a written request to the manager.
Can I cancel the cheque online?
Answer: Yes. You can cancel a cheque online. You have to log in into bank application then find the cheque section.
Is there a fee to cancel a cheque?
Answer: Of course, there is a fee to cancel a cheque. It depends on the bank. If the cheque is missing or stolen, the bank may consider the fee.
How much time do you have to stop payment on a check?
Answer: Bank stops payment on a check for six months from the requested date. It can be paid if the cheque is not located.
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