Too many know-it-alls on here who know very little.

KJ2009

I recently asked a question about Guaranteed cheques because I was considering writing one (for £100) knowing that my funds cannot cover it when it clears. However, within 24 hours of that forced cheque a payment of £700 goes in my account. So basically it's naughty, but my bank nearly collapsed in September 2008 due to incompetent business practices. (I'm with the Halifax)

Anyway some know it all (who obviously spends an unhealthy amount of time here) basically staed that my chequebook, and guarantee card would be withdrawn by my bank for card misuse. That is not the case at all, because I rung them about it. If you cashed many cheques with no supporting funds then the alarm would certainly be raised at the bank, but one or two going through, when a regular income is paid into the account all you get is the extra charges for unauthorized overdraft.

When you have a query, you should endeavour to get the answer direct from the source of the query, not necessarily forums like this.

Inactive

KJ2009 wrote: »

I recently asked a question about Guaranteed cheques because I was considering writing one (for £100) knowing that my funds cannot cover it when it clears. However, within 24 hours of that forced cheque a payment of £700 goes in my account. So basically it's naughty, but my bank nearly collapsed in September 2008 due to incompetent business practices. (I'm with the Halifax)

Anyway some know it all (who obviously spends an unhealthy amount of time here) basically staed that my chequebook, and guarantee card would be withdrawn by my bank for card misuse. That is not the case at all, because I rung them about it. If you cashed many cheques with no supporting funds then the alarm would certainly be raised at the bank, but one or two going through, when a regular income is paid into the account all you get is the extra charges for unauthorized overdraft.

When you have a query, you should endeavour to get the answer direct from the source of the query, not necessarily forums like this.

I have just checked, they did not say that they " would " be withdrawn, they said they " may " be withdrawn, which is entirely different.

This is a public forum, anybody can post giving their opinions, however there are no guarantee's that the information is always 100% accurate.

Users should use their discretion.

There is no guarantee that the information received from a bank employee on the telephone is any more accurate.

It is not a wise move to tender a cheque with a guarantee card if funds are not available, whatever the circumstances.

jambosans

KJ2009 wrote: »

When you have a query, you should endeavour to get the answer direct from the source of the query, not necessarily forums like this.

Thanks for that observation. Forums are not places of fact, but many users do source information they provide (e.g. through links). It is always sensible to ask your bank first, but you often find that more complicated queries get confused replies. Branch tells a customer one thing and then Telephone Banking states the polar opposite. It happens due to lack of individual staff knowledge, which can be common among large organisations.

Whatever point you're trying to make, as Inactive has illustrated, most of us get it. There is certainly no need to start a thread stating the obvious.

Edit: I've read your thread which you are referencing, again as Inactive has stated, bengal-stripe said "the bank might well ask for the return of cheque card and book." and they're absolutely right. Cheque abuse can even result in your account being downgraded to a basic bank account.

opinions4u

KJ2009 wrote: »

Anyway some know it all (who obviously spends an unhealthy amount of time here) basically staed that my chequebook, and guarantee card would be withdrawn by my bank for card misuse. That is not the case at all, because I rung them about it.

Like most things in life, these decisions are not black and white.

Pi$$ your bank off by writing guaranteed cheques that aren't backed by available funds and one potential outcome is the removal of the cheque guarantee facility.

Another is the withdrawal of the cheque book facility or even the removal of banking facilities altogether.

On the other hand, they may just charge you an obscene amount for such a transgression.

If you cashed many cheques with no supporting funds then the alarm would certainly be raised at the bank, but one or two going through, when a regular income is paid into the account all you get is the extra charges for unauthorized overdraft.

You also damage your internal credit rating with your bank who may be less willing to advance other banking facilities to you in future.

When you have a query, you should endeavour to get the answer direct from the source of the query, not necessarily forums like this.

I agree. A common response on here is "try ringing your bank - they should know!".

Occasionally the staff in the call centre or the branch don't actually know the answer and some of them will bluff their way through. In the case of Halifax the person who would actually make the decision to withdraw you cheque guarantee facility will not be working in a call centre or branch. You won't actually be able to contact them by phone at all!

In banking, as in real life, there are many shades of grey.

crispy_chris

I am in fact one of the people that will remove account facilities if the account holder abuses their CGC. Its not as simple as "if you guarantee a cheque (without the funds to cover it) you will have your facilites cancelled", its a decision based on a range of factors specific to the account where the 'abuse' has happened.

However be aware that for our bank, abusing your CGC like that is dealt with here in fraud defence as first party fraud and will be treated as such.

But as opinions4u mentions, quite rightly as usual, its all about the grey shades

bengal-stripe

KJ2009 wrote: »

Anyway some know it all (who obviously spends an unhealthy amount of time here) basically staed that my chequebook, and guarantee card would be withdrawn by my bank for card misuse.

It pays if you can read English! - “Might” and “would” are two different words.
("Would" has a certainty, which "might" does not have.)

Cheque book and guaranty card are the property of the bank and it is within the banks discretion, to withdraw them. If you are in a temporary shortage of funds, the correct way would be to ask your bank for a temporary overdraft and not to abuse the cheque guaranty facilities.

Who knows, depending on the way your account has been run, that abuse might just be the proverbial straw that breaks the proverbial camel‘s back.

Please take notice: the operative word is “might”.

onlypaddy

KJ2009 wrote: »

When you have a query, you should endeavour to get the answer direct from the source of the query, not necessarily forums like this.

why the *insert chosen swearword here* did you not just go and do this then, instead of moaning about it?? you came on, asked a question and got some answers that you didnt want to hear.

get over it

daveyjp

In reality the banks would rather you do this occasionally so they can charge you handsomly for it Take your card and chequebook off you and a source of their income disappears.

rb10

daveyjp wrote: »

Take your card and chequebook off you and a source of their income disappears.

But they still have to get the balance right ... if you've done it once, you may well do it again. That makes you a prime target for going into arrears, which they don't want.

stella2009

KJ2009 wrote: »

I recently asked a question about Guaranteed cheques because I was considering writing one (for £100) knowing that my funds cannot cover it when it clears. However, within 24 hours of that forced cheque a payment of £700 goes in my account. So basically it's naughty, but my bank nearly collapsed in September 2008 due to incompetent business practices. (I'm with the Halifax)

Anyway some know it all (who obviously spends an unhealthy amount of time here) basically staed that my chequebook, and guarantee card would be withdrawn by my bank for card misuse. That is not the case at all, because I rung them about it. If you cashed many cheques with no supporting funds then the alarm would certainly be raised at the bank, but one or two going through, when a regular income is paid into the account all you get is the extra charges for unauthorized overdraft.

When you have a query, you should endeavour to get the answer direct from the source of the query, not necessarily forums like this.

If you feel like that don't use the forum! It's simple!

There are thousands of people that this forum has helped and is helping (you only have to have a quick look around to see that).

Nobody is forcing you to get your advice from here!

Justicia

onlypaddy wrote: »

why the *insert chosen swearword here* did you not just go and do this then, instead of moaning about it?? you came on, asked a question and got some answers that you didnt want to hear.

get over it

If I could "thanks" you more than once, I would.