Sometimes the firm will receive a cheque from a customer that the bank will not give us money for. It will not honour the cheque and therefore the money will not be received as it stands. The reasons for this could be as simple as that a mistake appeared on the cheque (wrong date, not signed, discrepancies in amounts written, etc.) or it could be that the customer has insufficient funds in their account and the bank will not allow more to be paid out of their account. Any cheque more than 6 months old will not be honoured as it considered being 'stale'.
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