No More From Virgin - Where Next?

Moggles_2

I may be wrong, but couldn't there be some problems if you didn't have the 'available' credit on the date on the cheque?

Yes, I'm sure that's so. You need to make certain you have sufficient credit available on your account on 30 September, or whenever.

PoorDave

YorkshireBoy wrote:

I may be wrong, but couldn't there be some problems if you didn't have the 'available' credit on the date on the cheque?

A little like writing a current account cheque when you know, at the time of writing, that you don't have sufficient funds to cover it perhaps?

Odd. Especially the part relating it to current accounts.

Unless i'm missing the point you're making, surely the amount of funds/credit required to honour the cheque only needs to be there when the cheque is presented for payment. Am i contractdicting you or not?

For example, if i write a cheque to pay someone (and this could still be a Mint CC cheque), and date it today, but because i know i don't have sufficient funds/credit today, i ask them not to pay it in for a week, when i know i'll have funds present.

By what you're saying, it seems me saying that ("wait a week") would make no difference, and it would be a question or whether i had the funds today or not. Which seems odd to me

Moggles_2

I think YorkshireBoy makes a valid point.

Personally, I wouldn't sign & date a credit card cheque, without first ensuring I had sufficient credit available on my account on that date.