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Cheque guarantee/debit card?
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peace800
Posts: 63 Forumite
Hi
On a loan application it asks whether or not I have a cheque guarantee/debit card?
I have a debit card so I assume I answer yes?
Why would this be asked on a loan application?
On a loan application it asks whether or not I have a cheque guarantee/debit card?
I have a debit card so I assume I answer yes?
Why would this be asked on a loan application?
0
Comments
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Because it is a financial product associated with identity and having a full bank account.
You don't have a cheque guarantee card though. Nobody does any more - this ended on 30th June this year.British Ex-pat in British Columbia!0 -
It would be asked because prior to the withdrawal of the cheque guarantee scheme, it would have enabled you to make payment (via cheque) without necessarily having funds available.
Withabix - some people may still have cheque guarantee logos on their debit cards, albeit the faciliity is no longer accepted.Before you ask, yes, I work for a bank, but no, I didn't get a bonus!0
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