Every time we went to an Amway conference held in an auditorium where a Diamond or an Emerald was speaking, we had to pay ten dollars each to get in. It was a little price to pay for the information and wisdom we were about to gain from these individuals.
Yes, that's correct. Take advantage of me! Take advantage of me!
Typically, Platinums were in charge of selling tickets at the door, and they preferred checks made payable to Cash be presented to them. If the check bounced, you'd have to write the name of your Platinum in the memo line so that the Diamond would know who was to blame for the infraction if the check bounced.
In most cases, only a small percentage of the population is aware that cheques payable in cash are not usually accepted by banking institutions. In most cases, checks should be made payable to the individual whose name appears on the account into which the funds are being deposited. For many years, I worked as a teller in a bank. Several years ago, this was the policy, and according to one of my friends who is still employed there, cheques payable in cash are not always accepted. If they attempt to use an automatic banking machine, they will be rejected. An individual has a better chance if they go inside the bank and explain to the tellers why they have a check payable to cash drawn on someone else's bank account. This is due to the fact that a cheque payable to cash can be cashed by anyone who comes into possession of it because it is not payable to a specific individual. Checks made payable to cash can be valid; it is merely a case of the check writer being uninformed that they should not be making such a payment in the event that the check is stolen or disappears. Checks payable to cash may be refused if there is a suspicion of possible fraudulent conduct. This is the most common reason for this.
Hmm. Checks made payable to the cashier. There is a possibility of fraud. Amway. All of this makes sense in terms of why the cult leaders want checks payable in cash.
However, even if there is a logical basis for the bank to refuse to accept the check, it is hit or miss whether or not a check payable to cash is accepted by the teller in this situation.
The cult leaders prefer cheques made payable to cash since it is possible that the proceeds will be divided among several people. These checks are distributed to at least two recipients.
First and foremost, the school must be reimbursed for the renting of the auditorium, which is handled by someone who is most likely an Emerald or Platinum. The remainder of the checks are given to the Diamond speaker as a thank you for showing up to share his or her wisdom with the assembled crowd.
There was a meeting scheduled at a nearby hotel where the upline Emerald was scheduled to speak. Ambot discovered that one of the IBO's relatives managed this hotel, and that they would be able to use the conference space for no charge. The $10 checks made payable to cash would then be handed directly to the Emerald, who would deposit the funds into his account as soon as possible. The last meeting I attended in this hotel had to have had more than one hundred attendees, if not more. There were only a few individuals in attendance who were given free admission.
For showing up to brainwash the cult members for a few of hours and earning $1000, the Emerald has made quite a bit of money lately.
Checks that are made out to "cash" rather than a specific payee or receiver are referred to as being payable to "cash." These are the kinds of checks that can be cashed by anyone who presents them for payment so long as they have the appropriate identification and are at the bank where the check was originally issued.
Receiving a check that is payable to cash may appear to be a convenient option; nevertheless, there are a number of hazards and drawbacks that should be considered. To begin, checks that are payable to cash are more susceptible to being misplaced or stolen than other types of checks since anyone who has physical possession of them can cash them. This opens the door to the possibility of fraud as well as financial loss.
In the event that a check that is payable to cash is misplaced or stolen, it might be quite challenging to retrieve the monies. There is no paper trail to follow, and the bank may not be able to determine who cashed the check because the check was not written out to a specific person or entity. this is in contrast to checks that are made payable to a specific person or entity.
One more problem with checks that are payable to cash is that they might be utilized to violate banking regulations as well as legal requirements for taxes. People whose income comes in the form of cheques payable to cash can be evading taxes or getting involved in unlawful activity.
It is essential to be aware that some financial institutions may not even accept checks that are drawn on a cashier's check, and even if they do, they may impose a fee for the service of cashing such checks. Additionally, if you receive a check that is payable in cash, it is imperative that you store it in a secure location and refrain from transporting it with you at all times.
Checks payable to cash may appear to be a convenient payment option; nevertheless, there are a number of potential hazards and drawbacks that should be considered. They are susceptible to being misplaced or stolen, can be utilized to evade banking rules, and may not be accepted by all financial institutions. In the event that you are in possession of a check that is payable to cash, it is imperative that you protect it at all costs and give serious consideration to opening a bank account in order to avoid any potential complications.
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