cashing my sons cheque

snagglepuss16

hi, wondering if anyone can give me some guidance. My mother in law and brother in law gave my son a cheque from each of them for his 2nd birthday. I'd rather cash them as I can buy him some things he needs. How do I go about this as the only account he has is his child trust fund?:)

dzug1

Ask them to replace it with a cheque made payable to you.

But maybe they want it to go in his trust fund

CLAPTON

open a building society a/c in his name and pay it in there

snagglepuss16

tbh if im going to buy things he needs i dont think they'd be bothered what i did with it and as for opening up a bank account, i dont mean to be patronising but i dont want the hassle and obviously i considered that option, is there no way i can just cash it at my own bank?

agsnu

snagglepuss16 wrote: »

tbh if im going to buy things he needs i dont think they'd be bothered what i did with it and as for opening up a bank account, i dont mean to be patronising but i dont want the hassle and obviously i considered that option, is there no way i can just cash it at my own bank?

No you can't just arbitrarily cash cheques for other people.

dtaylor84

If you have the same name as your son, then yes, obviously.

Otherwise, the cheque will be crossed "Account Payee Only", so even if you could convince a 2-year-old to endorse the cheque to you, the bank wouldn't accept it.

Basically - no.

snagglepuss16

agsnu wrote: »

No you can't just arbitrarily cash cheques for other people.

thanks for spelling out the obvious. i'm not a total retard.:rotfl:i just thought that there might be some exceptions due to my son being 2 years old, like taking in his birth certificate or something.
Anyway please excuse my stupidity and i'll just have to put it in his trust fund. never mind

carpedieme

the bmoney was a gift for your son not for you to spend how you want, pay it into his trustfund shame on you for any other thoughts about your childs money.

McKneff

The money was given to the child, i think as long as its spent on toys/clothes
for the child and as long as it was something that you wouldnt mind relaying to the givers, I dont see a problem

It's a different scenario if its spent on food.

snagglepuss16

carpedieme wrote: »

the bmoney was a gift for your son not for you to spend how you want, pay it into his trustfund shame on you for any other thoughts about your childs money.

if you read my post correctly you would see i was intending to buy my son things with his money. I would never ever spend any of my sons money, not that i need to justify myself to you. The post asked a question and you never answered it so please dont bother replying in future

[Deleted User]

snagglepuss16 wrote: »

if you read my post correctly you would see i was intending to buy my son things with his money. I would never ever spend any of my sons money, not that i need to justify myself to you. The post asked a question and you never answered it so please dont bother replying in future

Wow. You suck. Carpedieme was only giving their opinion, and they're entitled to it. This isn't a "free advice guaranteed" board, and IMHO you have no right complaining because someone said something you don't like.

For the record, I agree with Carpedieme. Whether someone's aged 2 or 22, it's THEIR money, not yours. If your son was 22, and a relative asked you to pass on a cheque to him, would you spend it on things you think he needed? (I can just see it now - "Here son, Auntie Maggie gave you £50, so I went and bought you a flatcap with it. Here you go...")

I'm sure if the giver meant for it to be SPENT by you, they'd have MADE IT OUT to you. By making the cheque payable to the son, it's obvious they meant it to be paid into an account mandated FOR the son... and once it's money in an account mandated for said son, it's HIS money, not yours. Ergo, even with the best will in the world, it's wrong to spend other peoples' money.

Ultimately though, it's your conscience that has to make the call. (A "Money Moral Maze Dilemma", anyone? ) But from what I've read so far, it doesn't sound like you have much of a conscience.

And by virtue of your owing £600 to Next (from your signature), it calls into question whether you have the discipline to be trusted with other peoples' money in the first place.

C'est la vie.