Non Negotiable Meaning On Check. If a bank pays a check notwithstanding the stop payment order, the bank is liable to the customer for the value of the check. How many times can a check be deposited and returned nsf before it becomes non negotiable?
Checks are a type of document that is known as a negotiable instrument. specifically, it is a draft, which is an order from one person (the account holder) to another (the bank) to. The federal reserve system has rules (operating.