Where to pay cheques in to my account?

ChumpusRex

I normally just post the cheques to my branch, along with a paying-in-slip and/or a letter.

In the letter, I basically just say - please credit account 12345678 sort code 12-34-56 with the following cheques, and then list the cheques.

I keep a copy of the letter for my records in case there is any problem; although I've done this for years, and never had a problem.

It costs the price of a stamp, but it saves having to go to town during the day, if I'm not going for some other reason.

Armorica

Aquamania wrote: »

In what circumstance do you think they would ever need to? :huh:

If the Lloyds cheque is not honoured by Lloyds, then HSBC will not receive the money and so HSBC will deduct the money from the HSBC account holder's account (assuming it was ever shown as credited)

That's nonsense. HSBC would receive the money. All cheques are settled for. The unpaids process would, however, take the money back off HSBC a few days after they had received it.

jonesMUFCforever wrote: »

NO no no - the cheque will be stamped on the back by Lloyds and would be returned to Lloyds central returns unit who would try to debit the account it was credited to. When they can't do this it will be debited back to the Lloyds branch who accepted it and probably written off as a loss. The member of staff accepting it would probably be in deep do do for not following procedure .

is partly nonsense too. The collecting and the beneficiary bank don't need to be the same as a matter of principle. There are processes for a collecting bank (Lloyds in your case) to pass the debit onto the beneficiary bank. (i.e. the account holding bank that is not Lloyds)

Lloyds *might* have agreed not to take credits for other banks, but regardless, there is process for them not to take a loss in the circumstances you describe.

Hazzanet

Aaah the old triangular credit debate.

Very possible to do in theory, much harder to do in practice.

Managed to get Barclays to do something along these lines last year. Needed to pay a Barclays cheque into a Co-op account, found the local Co-op closed for refurbishment. Strolled into Barclays and paid it in there, took three days to clear into the Co-op account. I did have to speak to the chief cashier as the lad behind the desk wouldn't take it, but after explaining that technically it wasn't triangular it was accepted.

Reminds me of the days when I worked at the NatWest and because they knew me, they'd cash my Lloyd's cheques for free and without the CGC card.

ffghugsf

jonesMUFCforever wrote: »

...This thread is getting silly now ...

I fully agree with you on that one.

I don't know why you persist in making a fool of yourself such as with this later post

jonesMUFCforever wrote: »

NO no no - the cheque will be stamped on the back by Lloyds and would be returned to Lloyds central returns unit who would try to debit the account it was credited to. When they can't do this it will be debited back to the Lloyds branch who accepted it and probably written off as a loss. The member of staff accepting it would probably be in deep do do for not following procedure .

If that were the case, how would the process be any different for a corporate account??? :huh:

Or are you now suggesting people can't pay a utility bill, or a credit card statement at their own bank, but wouyld need to go to the bank the creditor uses??? :huh:

jonesMUFCforever wrote: »

However I do have a challenge for you - go into any Lloyds branch and prove to me that you paid in a cheque into a personal account of another bank.:)

Here's a challenge for you.

Step away from the computer and pop along to your bank and see just what is possible

If you bank will not allow you to pay a credit (cheque or cash) in their branch to someone else (no matter what bank they are with), best you take that up with your own bank.

(You will almost certainly require a pre-printed Bank Giro Credit Slip for the account you wish to pay into, so don't forget to take it along with you)

Gentoo365

If the cheque is a Barclays cheque then a Barclays branch can take the cheque and pay the money into a non Barclays account. They can so this as they are acting on the instruction of the person who wrote the cheque.

I think what people may be discussing is whether Barclays can take a HSBC cheque and pay it into Natwest (for example).

Well technically they can, but I am not sure why they would if they did not have an arrangement with HSBC (or the payer) to do so.

It is true that some companies have arrangements with other banks (e.g. HSBC) to allow people to walk in and 'cash' a cheque. However it can cause problems.

In fact there are companies (and other banks) that have HSBC sort codes and it is sometimes possible to walk in to a HSBC branch and deposit cash to that sort code, even though the company is not set up to receive cash payments. Which causes all sorts of faffing about reconciling the situation.

Armorica

Hazzanet wrote: »

I did have to speak to the chief cashier as the lad behind the desk wouldn't take it, but after explaining that technically it wasn't triangular it was accepted.

was it an inter-branch triangular but not an intra-bank triangular? :A

sorry! (although I know the branch is less pivotal now given the degree of centralisation)

Aquamania

Gentoo365 wrote: »

If the cheque is a Barclays cheque then a Barclays branch can take the cheque and pay the money into a non Barclays account. They can so this as they are acting on the instruction of the person who wrote the cheque.

I think what people may be discussing is whether Barclays can take a HSBC cheque and pay it into Natwest (for example).

Well technically they can, but I am not sure why they would if they did not have an arrangement with HSBC (or the payer) to do so.

It is true that some companies have arrangements with other banks (e.g. HSBC) to allow people to walk in and 'cash' a cheque. However it can cause problems.

In fact there are companies (and other banks) that have HSBC sort codes and it is sometimes possible to walk in to a HSBC branch and deposit cash to that sort code, even though the company is not set up to receive cash payments. Which causes all sorts of faffing about reconciling the situation.

Just to clarify, it was post#6 of this thread 4 days ago when jonesMUFCforever started digging.

Thank you

Hazzanet

Armorica wrote: »

was it an inter-branch triangular but not an intra-bank triangular? :A

Cheque drawn on Barclays Bank West Bromwich branch, paid in at Barclays Bank Swindon Regent Street Branch, crediting a Co-op Bank Branch in Manchester.

Lloyds_Bank

Hi all,

I thought I should post here to provide some info on the service offered by our branches. Credits to personal accounts held at other UK banks can be made at a Lloyds Bank branch. A pre-printed Bank Giro Credit slip is required for this.

Cash and cheques can be accepted. However, the cheques must either be drawn on the Lloyds Bank branch where the deposit is being made or another Lloyds Bank branch. Where the cheque is drawn on another Lloyds Bank branch, there is a limit of £1,000. These credits are accepted at the risk of the branch.

There's no fee for this service for customers of Lloyds Banking Group, Hill Samuel Bank, Sainsbury's Bank and Intelligent Finance. Other users of the service will usually be charged a fee of £5 for making a credit to a personal account at another bank.

I hope this helps,

Craig

planteria

i've just read through this thread, and it overlaps slightly with this thread: https://forums.moneysavingexpert.com/discussion/4946999

can a customer go into a NatWest branch with a NatWest cheque payable to himself and pay it into his Barclays personal current account? or into his HSBC business current account?

if so, what would it cost?

and would the cheque be called on the payers account in 2 working days (as if paid into the payee's account directly) or would it be called sooner?