Check Your Cheques

rb10

beekay1943 wrote: »

The Payee (Milk Company) will present my cheque for £6.00 to their local bank and staff there will credit their account with that amount. The cheque would then have been sent to a clearing bank where all cheques are sorted and returned to the Bank and Branch of origin (my bank.) There, staff will debit my pesonal account with the amount written on the cheque. My cheques are always written very clearly (as stated in a previous post) and it is highly improbable that the staff at both banks made the identical mistake and misread the cheque for exactly the same sum (27p) so one can assume that the error occurred at my own branch only. This would mean that my bank is the only one advantaged by these erros.

No processing actually happens at your branch any more ... it's all done at a central processing centre.

Mikeyorks

beekay1943 wrote: »

This would mean that my bank is the only one advantaged by these erros.

You simply can't say 'I used to work in a Bank' ........ and then reach the above conclusion in the same post!

If the cheque has debitted your account in an excessive sum - it is because the payee's Bank (who actually processed it - not your Bank) has requested it in that sum. And that is where the money has gone.

The cheque was scanned and read by MICR readers either just before or on entry to Clearing - thereafter everything was done via the electronic record that was created. Whilst the paper cheque does finish back with your Bank (centrally - not Branch level) it's only unearthed, normally, if it's going to be dishonoured.