Debit Slips - Stamp Required On Transfer From Account Of One Customer To That Of Another
This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Debit Slips - Stamp Required On Transfer From Account Of One Customer To That Of Another
Question 258. - Is a two-cent war tax stamp required on a debit slip transferring funds at a customer's request?
(a) From his savings account to his current account?
(b) From his account to that of another customerr Answer. - (a) No; but if a cheque is used it must be stamped.
(b) This is a transfer of funds from one party to another and a stamp is required.
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