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  • FIRST POST
    JM55
    How do I cash a cheque at Cash Converters?
    • #1
    • 31st Mar 08, 12:35 PM
    How do I cash a cheque at Cash Converters? 31st Mar 08 at 12:35 PM
    I need to borrow a bit of money until the weekend and I've got a cheque gaurentee card, so I've been advised that I'd be able to cash a cheque at Cash Converters and then the money would be payable over the course of a week?

    How do I do this? Do I write a cheque from my bank to myself or to cash converters or something? I phoned them up and they told me if you're looking for an "advance" they don't do it via cheque, but offer a loan until payday service, which is no good for me as I'm a student and don't have a job.

    Just a bit at a loss as to how exactly I do this, obviously I can't phone them up and ask because I presume they wouldn't cash the cheque if they knew my actual situation.
Page 1
    • hm71
    • By hm71 31st Mar 08, 12:47 PM
    • 1,934 Posts
    • 2,685 Thanks
    hm71
    • #2
    • 31st Mar 08, 12:47 PM
    • #2
    • 31st Mar 08, 12:47 PM
    we have these organisations round here- cash express etc.. on a £100 cheque they give you £90. you normally have to take in id and your cheque book/card you write a post-dated cheque to the organisation for how ever long you want upto 28 days this affects how much they take from the cheque. best bet if you really want to do it is to look in the yellow pages. other organisations offer a better service to cash convertors- depends where you live.
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  • skyrider007
    • #3
    • 31st Mar 08, 12:52 PM
    • #3
    • 31st Mar 08, 12:52 PM
    Surely if you've got a cheque guarantee card then you must have an agreed overdraft. It should be cheaper than using services form cashconverters or moneyshop etc.
    • davetrousers
    • By davetrousers 31st Mar 08, 12:54 PM
    • 5,483 Posts
    • 4,642 Thanks
    davetrousers
    • #4
    • 31st Mar 08, 12:54 PM
    • #4
    • 31st Mar 08, 12:54 PM
    Buy something in a shop with a cheque, then take it back the next day and say that the person you bought it for doesn't want it!

    Mind you some shops won't take cheques now.
    .....

  • JM55
    • #5
    • 31st Mar 08, 12:55 PM
    • #5
    • 31st Mar 08, 12:55 PM
    Yeah I have an overdraft but I'm at my limit and they won't up it.

    I don't mind paying the tenner fee they charge, it's not a problem. All I'm after is some information on how I actually go about doing it, as the woman on the phone seemed to be implying that addressing it to myself wouldn't be an option.
    • YorkshireBoy
    • By YorkshireBoy 31st Mar 08, 1:13 PM
    • 27,875 Posts
    • 15,753 Thanks
    YorkshireBoy
    • #6
    • 31st Mar 08, 1:13 PM
    • #6
    • 31st Mar 08, 1:13 PM
    According to their website, cashconverters only accept 3rd party cheques (and you need to take in 3 forms of ID and agree to your photograph being taken!).

    If you do find a way of exceeding your agreed overdraft by cheque guarantee card abuse, the bank will most likely ask for the chequebook and/or debit card back and downgrade your account.

    Also, you're probably going to exceed £50 in charges, and from your other thread I seem to remember you only want £50.
  • JM55
    • #7
    • 31st Mar 08, 1:15 PM
    • #7
    • 31st Mar 08, 1:15 PM
    Does a 3rd party cheque include me writing one to a friend and getting them to cash it for me?
  • BruceyBonus
    • #8
    • 31st Mar 08, 1:52 PM
    • #8
    • 31st Mar 08, 1:52 PM
    If you are at University, talk to the funding office. Most unis will loan you some money if you give them a post dated cheque. They won't charge anything for this either.
  • skyrider007
    • #9
    • 31st Mar 08, 1:57 PM
    • #9
    • 31st Mar 08, 1:57 PM
    Does a 3rd party cheque include me writing one to a friend and getting them to cash it for me?
    Originally posted by JM55
    yeah, i think a third party cheque is one that is paid to you by a third party (neither from your own account or the cheque casher's).

    Here's how it works
    Bring your third-party a/c payee cheque(s) to us, along with your identification (see below for details).
    We will verify the cheque and check the ID.
    You will then be told how much cash you will receive against the cheque.
    You will also be asked to provide personal details for our cheque cashing database. Once on this database, subsequent transactions take a fraction of the time, since you will only have to provide one document of ID.
    We also require that you have your photograph stored in our database.
    Finally, you sign a declaration on the back of the cheque, and your cash will be presented to you immediately.

    from http://www.cashconverters.co.uk/services/3/cheques
    Last edited by skyrider007; 31-03-2008 at 2:15 PM.
  • cazanna
    cheque cashing at cash converters
    I handed them a cheque, last thursday, and the lady said that she couldnt give me the money for it straight away, and that i would have to wait 6 days. for it to clear. She said that its because its got the 27th june 2008 on it, and i gave her it on 3rd july 2008. if it was before the date on the cheque then she could of given me the money there and then. or if it had the 3rd july on the cheque she would of cashed it. Im worried now, because they are now saying 7 days. Im not in a hurry to receive the ammount, but there inconsistencey is worrying me. its 810.00..its alot of money. and they are only taking 51.00, which i dont think is alot...can you tell me please what the procdure is for cheques being cash. after the date on the cheque..i forgot to mention that it was a account payee cheque to me.

    :confused:
  • Night-owl
    I handed them a cheque, last thursday, and the lady said that she couldnt give me the money for it straight away, and that i would have to wait 6 days. for it to clear. She said that its because its got the 27th june 2008 on it, and i gave her it on 3rd july 2008. if it was before the date on the cheque then she could of given me the money there and then. or if it had the 3rd july on the cheque she would of cashed it. Im worried now, because they are now saying 7 days. Im not in a hurry to receive the ammount, but there inconsistencey is worrying me. its 810.00..its alot of money. and they are only taking 51.00, which i dont think is alot...can you tell me please what the procdure is for cheques being cash. after the date on the cheque..i forgot to mention that it was a account payee cheque to me.

    :confused:
    Originally posted by cazanna

    I can see where everyone is coming from who dont have a bank account or dont want one but I cant understand why anyone would pay a cheque through this means and not open a account with a bank to save themselves £100 or more, anyone can get a bank account, the most basic bog standard will take cheques and you can draw on them in 5 days, knowing your money is safe and secure with them and its free.

    You could also get a friend to pay a cheque into there account, I know a friend who does it for someone who doesnt want an account.

    Get a bank, youll save the ID checks everytime, them taking a lump of your money and having to wait 7 days!
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    • Essenchill
    • By Essenchill 10th Jul 08, 4:49 PM
    • 1,000 Posts
    • 271 Thanks
    Essenchill
    Not a helpful post and they say if you've nothing helpful to say then don't say anything, but I do feel that this isn't really money saving is it. Willing to 'lose' £51...
    • username
    • By username 11th Jul 08, 9:41 PM
    • 399 Posts
    • 136 Thanks
    username
    Taking a little browse on the cash convertors website:

    Logbook loans:

    Typical APR 437.4%
    • Browntoa
    • By Browntoa 11th Jul 08, 9:46 PM
    • 29,940 Posts
    • 35,451 Thanks
    Browntoa
    not sure what the charges are for this but better/easier than a cheque ?? (although I'm sure there must be better ways to tide you over , maybe someone else will come along with a better/cheaper idea)

    http://www.cashgenerator.co.uk/index.aspx?pageid=62

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    Last edited by Browntoa; 11-07-2008 at 9:49 PM.
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  • rickbonar
    Does anyone know if you pay a cheque through cashconverters does it come up on experian or equifax?

    Setting a bank account up can take a few days and if you're bankrupt or in debt then they won't do it any way so that's why someone would use the cheque cashing service. And paying through a friends account isn't possible because all the cheques these days are crossed.
    • JuicyJesus
    • By JuicyJesus 11th Sep 11, 5:27 PM
    • 2,503 Posts
    • 2,573 Thanks
    JuicyJesus
    Setting a bank account up can take a few days and if you're bankrupt or in debt then they won't do it any way so that's why someone would use the cheque cashing service. And paying through a friends account isn't possible because all the cheques these days are crossed.
    Originally posted by rickbonar
    Basic bank accounts are open to virtually everyone. If you go into a branch of your chosen bank they will in most cases be able to open one there and then.
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