Cheque Guarantee Card issuing banks

BruceyBonus

A quick email to HSBC "upgraded" (if you think of cheques as being an upgrade!) my card to have a £100 CG.

I find it useful as our local greengrocer and chinese takeaway don't take cards but do still take cheques (which I find very weird, but useful). If it wasn't for these, my cheque book would be in the bin.

Inactive

BarclaysManager wrote: »

And pretty much every other person involved told you about how that was both a minor issue and easily overcome.

Because, yeah, I can really see the BBA going "...but what about Nationwide's ISAs?!"

I am fairly sure that was the usual response from the " bankers " on here, not " every other person involved ".. :rolleyes:

It is not Nationwide that I had in mind, there are many Building Societies that insist on cheques, they obviosly see them as a form of secure payment.

js78

Nine_Bob_Note wrote: »

also thats not true because i opened a lloyds tsb classic account beginning of march for the vantage part and my visa debit card has £100 cg start date 03/09 - end date 03/11

Yessum you are right telephoned Lloyds as i got the green olympics card, they said yes sir you do have a gold account so therefore we can award you you a gold card with £100 chq guarantee limit!.

Nice one!

agsnu

Inactive wrote: »

I am fairly sure that was the usual response from the " bankers " on here, not " every other person involved ".. :rolleyes:

It is not Nationwide that I had in mind, there are many Building Societies that insist on cheques, they obviosly see them as a form of secure payment.

Except that when you open an account with building societies they probably also credit check you or require ID, and they don't have to take the hit if the cheque bounces (they can just unwind the transactions and close your accounts).

Cheques are not secure for payment at point of sale. If you're in a shop and selling something, you cannot credit check your customer at the till. If the cheque bounces a week later, the customer has already walked off with the goods!

So, uh, cheques are not secure. Cheque guarantee cards are only relevant for point of sale transactions.

Nine_Bob_Note

js78 wrote: »

Yessum you are right telephoned Lloyds as i got the green olympics card, they said yes sir you do have a gold account so therefore we can award you you a gold card with £100 chq guarantee limit!.

Nice one!

seeing as i work in a shop i have seen people with lloyds tsb platinum debit cards that dont even have cg on them. just because you aparently have a "gold" account doesn't mean your entitled to cg. packaged accounts arn't prestigious anymore anyway. (well apart from the wealth ones)

may i ask what you fixation/obsession is with cg?? im curious

Inactive

agsnu wrote: »

So, uh, cheques are not secure. Cheque guarantee cards are only relevant for point of sale transactions.

I never suggested or implied that they are, I was only answering the usual anti cheque post by BarclaysManager.;)

dollydoodah

Nine_Bob_Note wrote: »

seeing as i work in a shop i have seen people with lloyds tsb platinum debit cards that dont even have cg on them. just because you aparently have a "gold" account doesn't mean your entitled to cg. packaged accounts arn't prestigious anymore anyway. (well apart from the wealth ones)

may i ask what you fixation/obsession is with cg?? im curious

My Platinum Account card has a £250 CG limit on it and always has had - my new card arrived at the end of March. I'd be lost without my chequebook as I pay for quite a lot of things by cheque still - school trips, nursery fees etc - although not necessarily guaranteed.

Nine_Bob_Note

dollydoodah wrote: »

My Platinum Account card has a £250 CG limit on it and always has had - my new card arrived at the end of March. I'd be lost without my chequebook as I pay for quite a lot of things by cheque still - school trips, nursery fees etc - although not necessarily guaranteed.

I was just making the point that SOME people with platinum accounts don't have cg on them, I didn't say they didn't do them anymore

EarthBoy

Inactive wrote: »

I am fairly sure that was the usual response from the " bankers " on here, not " every other person involved ".. :rolleyes:

It wasn't just the bankers. As BarclaysManager says, it was most of the people on here.

Inactive wrote: »

.... there are many Building Societies that insist on cheques, they obviosly see them as a form of secure payment.

No there aren't. There are one or two of them, but there are far from being many, and I don't believe for a second that the few who ask for cheques see them as a secure form of payment. Rather, they ask for them as part of their identity checking procedures. They presume that if you pay by cheque then you must be the person named on the cheque, so you don't need as much extra paperwork to prove your identity.

If you think the banks will, or even should, continue to issue cheques just to please a few poxy little building societies, then you are sadly deluded. It's those building societies who will have to change their procedures, not the banks. They will have to drag themselves into the 21st century otherwise they will just lose customers.

System

Isn't this thread about guarantee cards - which building societies don't use.
I can see guaranteed cheques going before cheques themselves.

EarthBoy wrote: »

It wasn't just the bankers. As BarclaysManager says, it was most of the people on here.



No there aren't. There are one or two of them, but there are far from being many, and I don't believe for a second that the few who ask for cheques see them as a secure form of payment. Rather, they ask for them as part of their identity checking procedures. They presume that if you pay by cheque then you must be the person named on the cheque, so you don't need as much extra paperwork to prove your identity.

If you think the banks will, or even should, continue to issue cheques just to please a few poxy little building societies, then you are sadly deluded. It's those building societies who will have to change their procedures, not the banks. They will have to drag themselves into the 21st century otherwise they will just lose customers.