Mint cheques?

loopyjuice_2

Hello there, new to the forum so be nice to me

Mint have sent me cheques which i can have 7.9% for life of balance or 0% for 6 months, i want to know if i can write my own name on them and pay them into my bank account to clear my overdraft at 18.4% or do i have to make them payable to someone else?

smithja

I cant see any reasons why it would not work making it out in your own name. The other alternative is to make it to "X Bank, Account number xxxxxxxx, Your name". They used to take cheques made out in the name of the bank only but now you need one with your name on it too, as people were commiting fraud with them. I remember two famous cases, one was I believe a postman intercepting cheques sent to pay Access Card bills (depending on how old you are you might not know but they were credit cards issued by I think 4 high street banks, they were migrated a long time ago to Mastercard), he or she opened a bank account in the name Mr Access, added Mr before the word Access and got away with a good deal of cash and it confused the banks for a long time. The other again someone intercepting mail, this time for the Inland Revenue, and changing the payee to inlandi revenuie (or something like that), and paying them in to a bank account opened in that name, which took a good bit of invesitgating to find out where the money was. One last one, I was told this happened years ago (I was working for the Midland Bank in 1988 at the time). In the branch as you know there are paying in slips, I think the fraud was against Barclays, and what the person did was take a handful of those slips and using the same technology that puts the cheque serial number, and account details at the bottom of cheque and pre-printed paying in books, put his own account details on them. This person went back to the bank and slotted them in to the paying in slips waiting for an unsuspecting customer. What happened was that were there is no magentic ink on those slips someone had to enter the details manually, but when someone used one that already had a sort code and account number at the bottom of it it recognised it and credited the money to that account, neither the customers or cashiers noticed. Again that took a long time to figure out where the money was as thousands of people were turning up with stamped receipt for the money but no credit on their account. James

CLAPTON

just write them out to yourself and pay them into your bank account in the usual way.

Mercuryrising

I received them too (although mine were 5.9% LOB no fee, or 0% for 8 months with 2% BT fee), but I thought you couldn't pay it to a bank account. They told me explicitly when I rang them to check, that it was purely for other cards (or for what you would normally pay a cheque for).

However, I'm ok with a LOB 5.9% on a ghastly Halifax card I own.

Good offer for this day and age.

Mercuryrising

Although loopyjuice (or anyone else with mint cheques) do let me know if they did work in your bank account - as it might be useful to know in the future! Thanks.

loopyjuice_2

Mercuryrising wrote: »

Although loopyjuice (or anyone else with mint cheques) do let me know if they did work in your bank account - as it might be useful to know in the future! Thanks.

Worked great, paid it to myself and was in the my bank account within 2 days, no more 18.4% overdraft costing nearly £40 a month in interest. Moved to alliance and leicester too with 0% overdraft for 12 months and 5.9% thereafter :T

ravenk

Just watch mint ...they are the devils spawn.
They charged me a late payment fee of £12 on an overdue total balance of less than £10 a few months ago. I paid the whole amount off next month £22. They are just out to screw you and now you eating in mint web.

Just watch yor back !!!!!

oldagetraveller

ravenk wrote: »

They charged me a late payment fee of £12 on an overdue total balance of less than £10 a few months ago.

As would most credit card providers.