Joe Fortune Bank Wire vs Courier Cheque

Verify the named recipient

The bank account or cheque payee should match the verified Joe Fortune account holder.

For wire, record intermediary and receiving banks; for cheque, record courier destination and tracking.

Include intermediary, receiving-bank, conversion, courier and cheque-processing charges where applicable.

A dispatched cheque still needs delivery and clearing; a sent wire still needs destination credit.

Keep the account, payment and control records ready before confirming the next step.

Is dispatch the same as cleared funds?

No.

Can an intermediary bank add cost?

It may.

What should be kept for a cheque?

Payee details, dispatch date, courier tracking and deposit record.