What we think

Are there any prohibited types of payment?

by Peter J. Creedon

Yes. Cash or Currency, Travelers Checks, Money Orders, Cashier’s checks, bank drafts, certified bank checks or official checks, etc. which have no remitter identified on the face of the check or have a remitter that is different than the account title are prohibited forms of payment. Checks drawn on foreign banks in U.S dollars is prohibited form of payment.