Some Info On Cheques Needed

relynutz

i wass in tesco last nite after work approx 11pm, i t had been a long day ....
anyway decidedit would be better todo the shopping then whilst kids were at home with dad and store was practically empty,

anyway completed shoppig , had it all packed in trolley, got cheque book out to pay and the checkout person says........ we STOPPED TAKING CHEQUESON 6TH AUGUST:mad: :mad:
i was fuming,i said that there had ben no advertising or anything. the other tesco 1mile away still took them last saturday

PaulW922

MarkyMarkD wrote: »

This is all very well, but any such law was drawn up before the advent of cheque guarantee cards. In practice, no guaranteed cheque written by the bank account's owner (in other words, not stolen) will be returned unpaid, so the person writing the cheque knowing they don't have the funds still isn't committing an offence IMHO.

It is the law - plain and simple. My point was that bouncing a cheque is not an offence in England Wales unless you have grounds to believe it will not be paid. Writing out guaranteed cheques when you know there are insufficient funds/credit available could constitute an offence of theft but I doubt there are many examples of that actually happening.

magneto

sparkly82 wrote: »

I've noticed over the past year that alot of shops are starting to refuse cheques as a method of payment. Does anyone know a reason for this?

And will this mean that i'll eventually stop getting a cheque book from the bank cos no shops will accept them anymore?

I find it handy using a cheque, especially if its a couple days before pay day if I need 2 buy shopping.

the reason shops have started to refuse cheques, is because of the rise in fraudulent cheques activities. shops owner are not protected my law, if they recieve a payment by cheque and then found out three days that the cheque is false or has bounced. it is very hard for shop owners to recover the sold goods or get their money back .

Milarky

I would point out that banks now make it a practice of issuing chequebooks with debit cards that are not cheque guarantee cards (for example, Lloyds) Cheque 'fraud' is thereby assisted by the banks themselves. Having the guarantee scheme being undermined by the banks in this way isn't going to help merchants continue to accept cheques now is it?

alanq

LittleVoice wrote: »

We used to pay for cheque books here too - we paid for the stamp duty which was applied to every cheque. I think it was 2d/cheque and ended in the early 1970s. Does anyone remember exactly when that happened?

I think that stamp duty on cheques ended with decimalisation. I remember being miffed that I had paid duty on a book of cheques that I had hardly used and it was not reclaimable.

As I recall bank charges were a bit of a mystery in the early seventies. I think for many banks it was a matter for negotiation with the bank manager. I went with the TSB which published a fixed charge for each cheque issued (2p?). This was after stamp duty had been abolished.

MarkyMarkD

Milarky wrote: »

I would point out that banks now make it a practice of issuing chequebooks with debit cards that are not cheque guarantee cards (for example, Lloyds) Cheque 'fraud' is thereby assisted by the banks themselves. Having the guarantee scheme being undermined by the banks in this way isn't going to help merchants continue to accept cheques now is it?

I don't understand you, Milarky. How on earth does not issuing cheque guarantee cards help promote fraud?

Any

MarkyMarkD wrote: »

I don't understand you, Milarky. How on earth does not issuing cheque guarantee cards help promote fraud?

How?? I don't understand what you mean MarkyMarkD.
If someone has guarantee card that helps them to prove that the cheque book is theirs and that there should be money in the account. Without it the merchant shouldn't accept the cheque.
It is extra measure for security. So if banks don't issue them, merchants take any cheque from anyone.

Mark7799

Any wrote: »

How?? I don't understand what you mean MarkyMarkD.
If someone has guarantee card that helps them to prove that the cheque book is theirs and that there should be money in the account. Without it the merchant shouldn't accept the cheque.
It is extra measure for security. So if banks don't issue them, merchants take any cheque from anyone.

And what if the book and card are both stolen?

Wouldn't it be easier for the merchant just to say no to cheques?

MarkyMarkD

Any Your comments don't make sense. And nor did Milarky's.

Without cheque guarantee cards, merchants will simply reject cheques. I don't believe that any normal merchant will accept an un-guaranteed cheque. So by failing to issue cheque guarantee cards, Lloyds TSB are reducing the likelihood of cheque fraud, not increasing it.

Any

MarkyMarkD wrote: »

Any Your comments don't make sense. And nor did Milarky's.

Without cheque guarantee cards, merchants will simply reject cheques. I don't believe that any normal merchant will accept an un-guaranteed cheque. So by failing to issue cheque guarantee cards, Lloyds TSB are reducing the likelihood of cheque fraud, not increasing it.

Unless the merchant knows that the particular bank doesn't issue a guarantee card, then he accept the cheque.
If they didn't, then issuing a cheque book would be clearly pointless if you cannot quarantee it. No?