![]() ![]() Reasons for Stopping the Payment on a Cheque Issued Name of the person the cheque is in favour of.When issued by an individual: In the case where the cheque was issued by an individual, the letter may be printed on plain A4 size paper in the following format.Äownload Cheque Stop Payment Letter Format 2 Information to be Included in a Cheque Stop Payment Letter It should be addressed to the banker and it is a common practice for companies and organisations to affix their seal on to the letter for identification.Äownload Cheque Stop Payment Letter Format 1 When issued by a company or an organisation: The cheque stop payment letter may be printed on paper with the company letterhead or with the company logo. The format for a cheque stop payment letter will depend on who is issuing the cheque. But in circumstances where you would like to stop the holder of the cheque from encashing it, you have to write this letter to the bank. The usual process is when you issue a cheque to a person, he is entitled to encash it at his will. There are various reasons as to why such a letter may be written. Its only purpose is to not allow the holder of the cheque to cash it in. A cheque stop payment letter is a letter that is written by a person who has issued a cheque and intends to stop payment on that cheque, to their bank.
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