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Cashing a cheque at the bank that issued it?

AsaD
AsaD Posts: 3 Newbie
in Budgeting & bank accounts
Hi, I've read online that I can cash a cheque at the bank that issued it, any truth in this? I just got a cheque for 1,800 from tesco insurance and they bank with RBS and I bank with RBS, so I was wondering if I could take this cheque to RBS and cash it right there and then? Pretty desperate for the money and can't really wait until it clears in my bank.


Any advice would be greatly appreciated

Thanks!
«13

Comments

  • whitewater_2
    whitewater_2 Posts: 98 Forumite
    it will be crossed as its a company cheque so no will be the simple answer. sorry
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You have to pay the cheque in to your account.

    It will be 'crossed' so this is all you can do with it.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • AsaD
    AsaD Posts: 3 Newbie
    That's really not what I wanted to hear but thanks guys for answering!
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    edited 22 September 2011 at 9:01PM
    Some banks will allow you to cash a crossed check as long as you have an account there and take proof of ID (passport, photo driving license) and proof of address (utility bill + bank statement). Be warned though, I believe its a chargable service. Don't know the actual figure, but probably £20 - £25.

    Give them a ring before digging out your passport.

    NOTE: If the cheque bounces, you'll be left overdrawn and could face significant charges!
  • whitewater_2
    whitewater_2 Posts: 98 Forumite
    never heard of that being available anywhere gromitt, extending your overdraft maybe, express clearance maybe but even that will take 2 days
  • stclair
    stclair Posts: 6,855 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 22 September 2011 at 9:17PM
    RBS/Natwest used to let you draw on the cheque the same day providing you both banked at the same branch.
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
  • whitewater_2
    whitewater_2 Posts: 98 Forumite
    stclair wrote: »
    RBS/Natwest used to let you draw on the cheque the same day providing you both banked at the same branch.

    ah but this is a business cheque.
  • stclair
    stclair Posts: 6,855 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    whitewater wrote: »
    ah but this is a business cheque.

    They would do it for business cheques too. However im not sure this policy is still in exsistance ive not worked in a branch for nearly 6 years so im sure the times have probably changed now. :o
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
  • whitewater_2
    whitewater_2 Posts: 98 Forumite
    ps stclair, it wont let me reply more than once an hour due to being new.

    Ill reply to your pm as soon as it lets me
  • stclair
    stclair Posts: 6,855 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    whitewater wrote: »
    ps stclair, it wont let me reply more than once an hour due to being new.

    Ill reply to your pm as soon as it lets me

    So your going to leave me in suspense to take my hand in marriage all that time lol :p
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
This discussion has been closed.
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