Unsigned cheque?

flufff

Can a company cash an unsigned cheque please?Can anyone tell me my rights regarding this with my bank?

Rikki

I wouldn't of thought so. The signiture is the issuers way of authorising the payment as genuine.

figgy1978

They may get through in a big bundle of cheques but the bank would have to refund the money if you complained. They can easily get a copy of the cheque.

regularsaver1

when i was a cashier - we used to have to check this - but then the bank i worked for sent them off - they would get rejected if any were unsigned ect

wrexhamandy

If the bank pays out on an unsigned cheque then they are acting outside their mandate and they must refund you - t'is the law! It's then up to the bank whether they want to try and get the money back off the person/company they paid out to (or even if they can).

Andy

nenya

the bank should not be able to process a cheque that isn't signed - it's like they can't process a pre-dated cheque.

anniecave

nenya wrote:

the bank should not be able to process a cheque that isn't signed - it's like they can't process a pre-dated cheque.

They can process a pre-dated cheque ok - if no-one checks the date it'll go straight through, I've known it to happen.

They should check there is a signature though.

Bossyboots

Actually they can process a pre-dated cheque as the minute you write it you are agreeing to pay the amount and it can be banked regardless of the date.

Unsigned cheques do slip through at the counter but are usually returned to the drawer from further down the clearing process.

flufff

What if someone else signed it falsely?Would my bank have to recompense me?

chardonnay_2

your bank will have your signature on mandate and will be able to get a copy of the cheque and check this against your mandated signature. contact your bank and explain you did not sign this cheque and they will look into it they will deal with it as fraud. has your cheque /cheque book been stolen? and have you reported it as such?

Bossyboots

flufff wrote:

What if someone else signed it falsely?Would my bank have to recompense me?

Yes, they will recompense you if they are satisfied that the signature is not yours.