how do I cash this cheque?

HHH_2

I am desperate to start my dmp this month but am waiting for my new bank account details. my salary gets paid into my Lloyds account but of course then they keep most of it to pay off my loan and cc. Work needs 2 weeks notice to change my salary to a different bank account so I have asked them for a cheque this month ( we get paid early onthe 22nd as it's christmas) So even if my new account is up and running and I pay the cheque into it i will be too late with CCCS to start my dmp and also wont be able to get any money out of the new account until the cheque clears. Is there any way of cahingthe cheque, I think there are people who do this but assume they make a large charge for it or is it possible for me to put it into someone elses account somehow?

in-trouble_3

there is a company that cashes work cheques, not sure what the company is called, i am sure someone else will know

woohoo_postingid

Ask work to make it payable to 'Cash'

in-trouble_3

we are going to be leaving lloyds bank also, which bank did you go with if you dont mind me asking

Bloke_with_a_simple_life

Oh... couple of bits of warning about posts 2 & 3:

- Post 2 - there may be excessive charges associated with using this "facility" - seen advertised rates of 4% for someone cashig cheques. (never used the facility - therefore may/prbably be higher)

- Post 3 - if the cheque is misplaced or lost or stolen, then the person cashing the cheque can get all the fund and you will be penniless. THe bank nor employer will probably accept responsiblity associated with the payee being "cash".

Not sure who has the quickest cheque clearing time - but as the 22 Dec is a Friday, and the next banking day is until Wed 27 Dec, it is likely that you may not get the funds available in your account until Sat 30 Dec or even Tuesday 2 January depening on your new banks policy.

I would check with your new bank too, to confirm when the funds would be in your account.

Good luck

in-trouble_3

Bloke_with_a_simple_life wrote:

Oh... couple of bits of warning about posts 2 & 3:

- Post 2 - there may be excessive charges associated with using this "facility" - seen advertised rates of 4% for someone cashig cheques.


Good luck

i forgot about the fee they charge, sorry

HHH_2

Thanks for your replies I may have to bite the bullet and cash it and pay for the privilige as otherwise no DMP and no christmas either! looks like it might have to be turkey soup even if I do manage to cash it! I am trying to open an account with Alliance and Leicester. just a basic account but I havent heard back form them yet I am just assuming that because its a basic account they wont turn me down. Does anyone know the name of the company which cashes cheques please?

rog2

Hi 3H - Can you not get the cheque made out to either a family member, or a very close trustworthy friend and put it in their account?

in-trouble_3

HHH wrote:

Thanks for your replies I may have to bite the bullet and cash it and pay for the privilige as otherwise no DMP and no christmas either! looks like it might have to be turkey soup even if I do manage to cash it! I am trying to open an account with Alliance and Leicester. just a basic account but I havent heard back form them yet I am just assuming that because its a basic account they wont turn me down. Does anyone know the name of the company which cashes cheques please?

i can find it out for you, just about to go out and also pay cheque in bank, or maybe somone else will be able to help

HHH_2

in-trouble wrote:

we are going to be leaving lloyds bank also, which bank did you go with if you dont mind me asking

Ive sent you a pm