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Cashing a Cheque
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I always fill in and sign a cheque before going into HSBC when I need a lot of £5 notes for an elderly relatve. But I put SELF in payee reference part and also show them my First Direct debit card."Look after your pennies and your pounds will look after themselves"0
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I still haven't found an ATM that can count out coins.
I'll be cashing a cheque today to replenish our petty cash.
I always take in a pre written and signed cheque and am just asked to sign the back in the view of the teller.
Most (perhaps all?) banks allow you to withdraw over the counter using a card though.0 -
I"m sure most banks will allow "myself", "cash" or the actual name of the person written on the cheque.
The cashier may ask for your debit card as it's a way of identifying you and will probably most certainly check your account mandate if you are not known to staff. They will probably ask you to sign on the back of the cheque before checking the mandate.
If you have a debit card it's so much easier to just take a withdrawal slip with some ID (depending on the amount) to the counter and tell the cashier how you would like it.0 -
I think the OP is talking about using a cheque from your own chequebook and literally making it payable to "Cash". Most banks still allow for this because some (elderly) customers prefer it over using a card.
The first post is correct. The may also impose a limit on the amount you can withdraw using this method.
Having re-read the question I can see I mis-read it. I can remember the days when cheques were uncrossed so you could do this, but I thought (incorrectly) this all stopped when they stopped providing uncrossed cheque books.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Along the same sort of lines, does anyone know the answer to this: i paid in a cheque to my account on Tuesday, was told it won't clear until Monday. If i need the money sooner am I able to write a cheque (my personal cheque book) to "cash" and withdraw the money before Monday? or do i still have to wait for the funds to completely clear in order for it to be available to me?0
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Along the same sort of lines, does anyone know the answer to this: i paid in a cheque to my account on Tuesday, was told it won't clear until Monday. If i need the money sooner am I able to write a cheque (my personal cheque book) to "cash" and withdraw the money before Monday? or do i still have to wait for the funds to completely clear in order for it to be available to me?
Use this tool here: http://www.chequeandcredit.co.uk/cheque_and_credit_clearing/cheque_checker/
The money takes a maximum of 4 working days after the cheque was paid in to become available (and able to withdraw using whatever means - you don't have to write a cheque payable to "Cash"). This would be Monday for you. Some banks make the money available sooner though.0 -
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No, they will process it as a withdrawal over the counter.
They will either say no or you will use your ODAlong the same sort of lines, does anyone know the answer to this: i paid in a cheque to my account on Tuesday, was told it won't clear until Monday. If i need the money sooner am I able to write a cheque (my personal cheque book) to "cash" and withdraw the money before Monday? or do i still have to wait for the funds to completely clear in order for it to be available to me?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
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iAMaLONDONER wrote: »I would love an ATM that paid out in cash!
They all pay out in cash. Paper money is cash.0
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