What does it mean when a cheque says refer to drawer?

Quick Reference. Words written on a cheque that is being dishonoured by a bank, usually because the account of the person who drew it has insufficient funds to cover it and the manager of the bank is unwilling to allow the account to be overdrawn or further overdrawn.

What is refer to drawer?

refer to drawer in British English a request by a bank that the payee consult the drawer concerning a cheque payable by that bank (usually because the drawer has insufficient funds in his or her account), payment being suspended in the meantime.

What to suggest the customer if bounce reason is given as refer to drawer?

REFER TO DRAWER” means that the cheque you have presented to your banker has not been honored and you need to refer the issue to drawer of the cheque. This happens when the drawer’s bank account is short of funds and the cheque bounces due to insufficient funds.

What do you write behind a cheque POSB?

You will need to provide your full name as per Bank’s records, your bank account number and your contact number at the back of the cheque before depositing it at our Quick Cheque Facilities.

What does the MRT stand for in Singapore?

MRT and Metro. Singapore: MRT stands for Mass Rapid Transit. It’s Singapore’s train network, which started service in the 1980s, which is why everything seems so new. Surprisingly however, they do have wooden sleepers on some parts of the network, which are steadily being replaced with concrete, and other upgrades are underway.

Where is the Bombardier MRT depot in Singapore?

Today, Bombardier has supplied transportation and signalling systems to Singapore’s Downtown MRT Line, as well as the Bukit Panjang LRT Line with site offices at the Gali Batu and Bukit Panjang depots.

Which is mass rapid transit system in Singapore?

The Mass Rapid Transit ( MRT) is a heavy rail rapid transit system that constitutes the bulk of the railway network in Singapore, spanning—with the exception of the forested core and the island’s rural northwest —the length and width of the city-state ‘s main island.

What kind of rail system does Singapore have?

The Mass Rapid Transit, abbreviated and referred to in local parlance as the MRT, is a heavy rail system that constitutes most of the urban and suburban rapid transit network and the wider railway network in Singapore, spanning most of the city-state’s main island.