Cheques
 

Have a Q? Been told that a cheque has been sent out 2 months ago n yet i haven't received it [could be stalling tactics] so if it has been sent to wrong addy there's no way it can be cashed by someone else when it has account paye on it presumably it has to be the person named bank account only ????

Re: Cheques
 

Yes, it has to be into the account name specified on the cheque. However, the payer can check his or her bank account to find if the cheque has been presented/cleared. It sounds to me the classic line of "the cheque is in the post"! - Tell whoever to stop the previous cheque and send you another one - it's not your problem if the cheque is lost.

Re: Cheques
 

Oh thanx Pendy i thought it'll be a case of that just wanted to make sure i wasn't being paranoid LOL. Well they have been told to send me another out n get it sorted but no doubt thats in the post LOL:)

Re: Cheques
 

In theory yes, but it is not that difficult to pay a cheque with someone else's name on it into your account. Do not ask me how because I am not explaining, but it can be done.

The issuing bank can check ( cheque :rolleyes: ) if it has been deposited and into which account, there is usually a charge for tracing the transaction.

Re: Cheques
 

l'm confused too. l've been given cheques payeable to someone else, they signed the back and l paid it into my account.

Get them to stop it.

l'd like a cheque, as any money l get now is invisible, just ether from one account to the other.

Re: Cheques
 

As long as the cheque has the words 'Account Payee' on it, then it shouldn't be possible to cash it. Most, if not all individual bank account cheques have this pre-printed on them, and this has been the case for some 10 years or so.

Don't quote me on this, but I am not sure whether business accounts have this same protection, and if this is the case, then it could be possible for someone else to cash it. I remember years ago, signing on the back of a cheque made payable to myself, to allow someone else to cash it.

But it does sound like stalling tactics, as you say

Re: Cheques
 

Oh dont worry me lol the cheques has account payee printed on it surely it cant be put into someone elses a/c without my signature to sign it over or can they ?!?

Re: Cheques
 

How many people check the signiture or ask for ID, I know in the states it hardly ever happens.

Re: Cheques
 

Yeh ive told em that it didnt get to me n i can prove its not gone into my A/C personally whats wrong with good ole cash these days??? Ive to ring back fri

Re: Cheques
 

Gee thats pathetic im worried cos its a pay check n if it has been diddled then ive lost money i didnt get :(

Re: Cheques
 

Oh ****** im panicking now will ring em back n see whats gonna happen probably be passed the buck again grrrrr!!!!:(

Re: Cheques
 

If the cheque has Account Payee on it, it cannot be signed over to another person.

Re: Cheques
 

Waiting for the manager to get back to me now will soon see how important this is:(

Re: Cheques
 

Isn't there a time limit after a cheques been dated after which you can't deposit it? l think it used to be three months.

Don't worry we'll have a whip round fo you, lol. :)

Re: Cheques
 

Awwww ta Garinda :) still waiting nobody is conviently available will call u back - err not more like the 12th of NEVER!!

Re: Cheques
 

You're right about there being a time limit garinda, but it's 6 months

Re: Cheques
 

Like I said you can. I have done it myself. It was a cheque for me but with the wrong name on it. It had company name on not private name and I payed it into my personal account it was crossed account payee only.

Re: Cheques
 

Funny i always thought a crossed payee cheque was secure as can be with it only supposed to go into named a/c :( didnt know u could do that

Re: Cheques
 

It is only secure if the person at the bank is checking properly.

Re: Cheques
 

Ah well small hope then :(

Re: Cheques
 

I'd definately keep phoning them Accystanmac, its your money at the end of the day, I wouldn't be fobbed off with cheque in post, give them a deadline.

Re: Cheques
 

Ta Grego i will ive given till fri when manager is supposed to be in n at the latest tues when this manager is supposed to be seeing me in person n will be told if no cheque by mon she'd better have it with her tues or will be going higher!!

Re: Cheques
 

I think your right to do that and be demanding, these people mess a lot of peole around and get away with it and are probably getting good interest on other peoples money, keep us posted as to how you get on.

Re: Cheques
 

Yeh thats probably where it is in their bank a/c LOL, will deffo let u know cos i'd be cheering so loudly n frame the receipt of the cheque going in the bank pmsl!!

Re: Cheques
 

Update: I got my 2nd months cheque today but still missing the 1st one ggrrrr tho manager has got back to me to tell me they are going to re-issue my 1st cheque [godknows when] as its got lost in their system somewhere - how convienient!!!:( Least i know it hasn't been cashed n no-one else has it phew! Thnx for all your advice n comments much appreciated :)

Re: Cheques
 

Re: Cheques
 

Cheques can be cashed for up to six months officially. Banks check aprox 1 in ten cheques for accuracy max as so many go through the clearing houses it is imposible to check every one. All cheques can be passed over for banking into another account as long as the payee has signed the back as a waiving of their right to present & cash the cheque.
If you are normally paid by cheque for wages then why not ask your employer to pay you directly by BACS which is a safe electronic payment without use of the post. No excuse then for "It's in the post mate."

Re: Cheques
 

A personal cheque can be sighned over on the back i think to goto another account

not %100 on this

also it could be cashed at a cheque cashing place like the jewlers across from the TSB in accy although that particular place is fussy about proof of identity some others arnt

Re: Cheques
 

Not if it is a crossed cheque (which means it has two vertical parallel lines running through it) with the words "account payee" or "account payee only". That means it can only be paid in to a bank account in the name of the payee. (Unless banking law has changed since I took my exams but I very much doubt it.)

At one time "open" cheques (ie no parallel lines or where the lines had been "opened" by the issuing account holder and signed by the him/her) could be cashed over the counter of the issuing bank branch but that meant that the recipient of the cash couldn't be traced in case of a query or problem so it became preferable to insist that all cheques were "cashed" via a bank account (in practice paying the cheque into an account and drawing cash out.) This was normal practice anyway if the issuing branch was inaccessible.

In those days a cheque could be "signed over" to any number of other people. For instance if the cheque was made out to "Fred Smith" he could write on the back "Please pay Joe Bloggs" and then sign it. In turn Joe Bloggs could write under that "Please pay Ermintrude Chuckabutty" and sign it and so on.

Eventually it simply became acceptable for the original recipient just to sign the back and then the cheque became negotiable (in much the same way as a five pound note). It then lost the whole point of being a cheque apart from the fact that it was possible to trace it back to the bank where it was eventually deposited.

Back in the olden days cheques used to be forwarded on to the bank branch of the account holder where it was someone's job to check through them all for things which may indicate fraud, even verifying every signature against a record of the account holder's signature kept in the branch. Nowadays there are so many cheques issued that it has become totally impractical if not downright impossible to do that.

In the early days they all had to be sorted into account number order each day too so that if anyone asked for a cheque to be traced it was a simple enough proceedure to go down into the bowels of the earth (ie the strongroom) and sift through boxes of cleared cheques for the right date and then through that bundle for the very cheque itself. Ah the good old days.

Re: Cheques
 

All I cab say is that I have received a cheque made out in the wrong name. It was for me but with a company name on it not a personal name. I had no trouble paying the cheque into one of the banks in Accrington. Most banks have a limit where they dont even check cheques under that value. The one I know of is £500. It is cheaper for the back to refund money under that limit than it is to check all the cheques.

Lets not even start on how un-secure your plastic is. Chip & Pin, secure banking, what a laugh. Chip & Pin has made fraud even easier for criminals than the old sign the paper method.

Re: Cheques
 

Legally if the cheque was intended for you you should have asked the issuer to make out a new one with your name on. If the cheque was intended for the business and you deposited it to a personal account you have committed a fraud. The fact that the bank allowed you to do this merely indicates to me that there are a lot of unqualified people working for banks nowadays but considering most banks made the majority of their senior staff redundant when they "downsized" a few years ago that shouldn't really come as a surprise.

Re: Cheques
 

OMG I am a fraudster.

Who can bake cakes with file's in them :D