Cheques
- Thread starter accymel
- Start date
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 
Least i know it hasn't been cashed n no-one else has it phew! Thnx for all your advice n comments much appreciated 
Neil said:
If the bank cashier had accepted an account payee cheque and deposited it into an account other than the named payee and if you could prove they had done so then the bank would be guilty of negligence and the onus would be on them to get the money back.
Very few uncrossed cheques are issued these days because of the amount of fraud which used to take place. After all if a cheque payable to "Joe Bloggs" had the name "Joe Bloggs" signed on the back of it how would the bank know that Fred Smith hadn't done it so that he could pay the cheque into his own account? The system was just asking for trouble.
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."
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."
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
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
big al said:
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.
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.
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.
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.
