We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Replacing cheques

13»

Comments

  • noh
    noh Posts: 5,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    derrick wrote: »
    There is always the exception to the rule, and we are all guilty of generalising, I should have said most accounts, but maybe they are now coming into the 21st century and moving away from requiring a cheque.

    .

    It's really just a minority of accounts that require a cheque to open them.
    So you should be saying "some".
  • derrick
    derrick Posts: 7,424 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    rb10 wrote: »
    I wouldn't even say that it's most accounts.

    But these providers' options will be simple once cheques are abolished:

    1) Find another means of accepting the opening deposit; or
    2) Stop opening new accounts.

    I can't see many places choosing (2)...

    I agree, but I am still unsure if cheques WILL disappear, ( who trusts the banks?), as nothing is set in stone, banks chop and change all the time, and as has been posted on this thread, (and others of a similar ilk), there are lots of problems associated with their abolition.

    .
    Don`t steal - the Government doesn`t like the competition


  • NFH
    NFH Posts: 4,413 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    derrick wrote: »
    I should have said most accounts
    That would still be wrong. Tell me an account where they won't accept your initial deposit by cash or an FPS/BACS/CHAPS payment from an existing account. After all, lots of people don't have chequebooks any more.
  • noh
    noh Posts: 5,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 13 February 2011 at 5:51PM
    NFH wrote: »
    That would still be wrong. Tell me an account where they won't accept your initial deposit by cash or an FPS/BACS/CHAPS payment from an existing account. After all, lots of people don't have chequebooks any more.

    AA Savings

    ING Savings

    Saga

    Birmingham Midshires

    There's probably more.

    But they are in the minority.
  • rb10
    rb10 Posts: 6,334 Forumite
    noh wrote: »
    AA Savings

    ING Savings

    Saga

    Birmingham Midshires

    There's probably more.

    But they are in the minority.

    ... and three of those are in fact just brand names of BM.
  • noh
    noh Posts: 5,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 13 February 2011 at 6:37PM
    rb10 wrote: »
    ... and three of those are in fact just brand names of BM.

    I know! But NFH did ask for names of accounts that needed cheques as initial deposits.
    So it's probably only two organisations who require cheques to open accounts. Unless anyone knows of more?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture