Elucidate how long does it take for a stop payment

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Reference no: EM1382625

Q. Will my bank be liable if a check on which I have ordered stop payment is presented at bank and cashed some few minutes after my instruction? Elucidate how long does it take for a stop payment instruction to become effective? Is it immediately after the customer gives the bank instructions to stop payment or after some hours?

Reference no: EM1382625

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