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Anyone know how cheque-cashing works?
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Soggymoggy_2
Posts: 2 Newbie
in Loans
Hi all.
Does anyone know how cheque cashing works? My current employer pays me by cheque, which obviously creates a lag-time between my getting "paid" and actually having the money go into my account. I'm planning to leave in the second week of March (for a new job starting on the 9th - start-date unfortunately isn't negotiable), and although I'd like to show my boss the courtesy of giving him a week's notice I'm worried that he'll then cancel my cheque before it's had time to clear.
One of my colleagues has used a cheque-cashing service in the past and I'm considering this as a way to get most of my money and still be able to give notice without risking losing my pay. I don't know how it works though; if the cheque is stopped, would the company who've cashed it go after my boss or me?
If anyone knows how this works and could let me know it would be very helpful and very much appreciated!
Thanks.
Soggymoggy.
Does anyone know how cheque cashing works? My current employer pays me by cheque, which obviously creates a lag-time between my getting "paid" and actually having the money go into my account. I'm planning to leave in the second week of March (for a new job starting on the 9th - start-date unfortunately isn't negotiable), and although I'd like to show my boss the courtesy of giving him a week's notice I'm worried that he'll then cancel my cheque before it's had time to clear.
One of my colleagues has used a cheque-cashing service in the past and I'm considering this as a way to get most of my money and still be able to give notice without risking losing my pay. I don't know how it works though; if the cheque is stopped, would the company who've cashed it go after my boss or me?
If anyone knows how this works and could let me know it would be very helpful and very much appreciated!
Thanks.
Soggymoggy.
0
Comments
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Hi
Your employer cannot decide not to pay you -providing the money you would be paid is for work you have already done. What date/day are you paid and what period of work does that cover?
I don't think you need a cheque cashing service. If he owes it you he has to pay it, if you owe some of it back to him (if you are paid in advance of work completed) you must pay it back.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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