Wrong amount on paying-in-slip

nedlack

I have just realised that i paid in a load of cheques this morning and i forgot to add the value of one of the cheques to the paying-in-slip (the cheque is for £50) i was just wondering if this would be picked up and the cheque will still be payed in, or will it not?

I am even more worried as it is not my account that i paid the cheques into, it was my employers!

Thanks

Ned

JamieD_2

I shouldn't worry. When they get sent off to the voucher processing centre they'll add all the cheque amounts together themselves. People in the branch don't have time to check the adding up on cheque pay-ins. They'll just verify the number of items and check for incorrect dates, no signatures etc.

ShelfStacker_3

JamieD wrote: »

I shouldn't worry. When they get sent off to the voucher processing centre they'll add all the cheque amounts together themselves. People in the branch don't have time to check the adding up on cheque pay-ins. They'll just verify the number of items and check for incorrect dates, no signatures etc.

Exactly this. In all likelihood, the total will be altered automatically.

Extant

It'll be picked up or there'll be a clearing difference when it reaches iPSL - basically, your bank will ask for X, but the drawing bank will give Y.

Wouldn't be surprised if you get a letter to say they've altered your credit, though.

rb10

BarclaysManager wrote: »

It'll be picked up or there'll be a clearing difference when it reaches iPSL - basically, your bank will ask for X, but the drawing bank will give Y.

So do the bank not actually check the values of cheques you pay in? And just take your word for it?

Extant

rb10 wrote: »

So do the bank not actually check the values of cheques you pay in? And just take your word for it?

Usually, yes. Most customers are right when they fill in their slips; it'd be mostly pointless for cashiers to check the addition etc. Any small differences can be corrected and forgotten; bigger mistakes can just have a letter sent from the processing centre.

rb10

BarclaysManager wrote: »

Usually, yes. Most customers are right when they fill in their slips; it'd be mostly pointless for cashiers to check the addition etc. Any small differences can be corrected and forgotten; bigger mistakes can just have a letter sent from the processing centre.

But when I've paid in cheques (at Halifax & Nationwide), the cashier puts in the amount ... surely this is a better way of doing it, as then there'll be less errors.

Also does this mean that if you pay in several cheques they all show up as one amount on the statement? As the system presumably doesn't know the breakdown. Seems a curious way of doing it to me.

dzug1

nedlack wrote: »

I have just realised that i paid in a load of cheques this morning and i forgot to add the value of one of the cheques to the paying-in-slip (the cheque is for £50) i was just wondering if this would be picked up and the cheque will still be payed in, or will it not?

I am even more worried as it is not my account that i paid the cheques into, it was my employers!

Thanks

Ned

I did something very similar a year or so back - included an extra cheque in the batch that wasn't on the paying in slip.

Got a letter a few days later pointing out the error and creditting the extra cheque.

So there should be no problem, other than with your employer for being careless.....

FluffyFiFi

I am a cashier at Nationwide and when a customer gives me cheques to pay into their account I enter them one by one onto the system and then give the customer a receipt for the total. It makes no difference whether we have a paying-in slip or not. At the end of the day all cheques that I have taken in on my till are added up and this total should agree with what I have entered in on the system. If they do not agree I have to go through all the cheques to see where the error was made. I can't pass the cheques over to the bankage officer until the cheque totals agree. If there was a discrepancy the account would be altered and a new receipt with a covering compliment slip is sent out.

Extant

rb10 wrote: »

But when I've paid in cheques (at Halifax & Nationwide), the cashier puts in the amount ... surely this is a better way of doing it, as then there'll be less errors.

I'm sure it does reduce errors, but it would be very time consuming for larger credits. The last branch I ran regularly processed over 3,000 away clearing items everyday. That's a lot to be typing in.

There is, of course, no "correct" answer for handling cheques, it's going to be based on what's more appropriate for that bank/building society and their customers.

Also does this mean that if you pay in several cheques they all show up as one amount on the statement? As the system presumably doesn't know the breakdown. Seems a curious way of doing it to me.

Yes, they all show up as one credit on the statement - Barclays, anyway. If you use a credit book, they have serial numbers for each page, and that's how you know what that credit to your account was. All you'll see on your statement is "100001, Branch Name" usually - but you have your credit book as a record of what was deposited.

For a business that deposits a large number of cheques every week, having them itemized would be an absolutely pain on the statement.

The system does record the separate entries, and the branch can find out what they were if need be, or request back their vouchers.

willo65

we get a few businesses paying 150+ cheques per credit and maybe 3 lots at a time - I'm so pleased I don't work at nationwide