We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

why must i accept and pay for bankers draft when i am happy to receive a cheque?

Options
gentlepurr
gentlepurr Posts: 4,123 Forumite
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
edited 28 November 2015 at 1:26AM in Budgeting & bank accounts
Asking for a friend please, and not sure where to put this but it is essentially a banking question.

My friend is due to receive a small inheritance and he has requested from his sister, the executor that he would like a cheque as he is refusing to put his bank details on facebook (yes you have read that right, the executor has insisted it all ONLY being done via facebook although my friend doesnt have his own access to the internet) and he doesnt want to give his sister his bank details. She has replied to say he will have to pay for a bankers draft and will have to pay recorded delivery charges. Having dealt with a similar situation myself quite recently i dont understand why she has to do a bankers draft if the cash is in the account, surely she can either write a cheque or ask for the amount to be withdrawn in a cheque made payable to him? Or am i missing something?

I also fail to see why she should insist on sending it recorded delivery when even in my very recent experience, solicitors have sent me cheques for much more (not my money, sadly!!) via normal first class post.

I feel she is just being awkward as there have been many obstacles along the way but would appreciate any thoughts as to any bank that would charge you to withdraw money from your own account by cheque??

tia!
"It is not uncommon for slight acquaintances to get married, but a couple really have to know each other to get divorced." - Anonymous
:)
«1

Comments

  • I suggest a compromise. Your friend sends his sister a cheque for one penny. She then sends him his inheritance by FP. That way he doesn't put his details on Facebook and doesn't have to pay for a bankers' draft.
  • Goldiegirl
    Goldiegirl Posts: 8,805 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    Any bank will make a charge for issuing a bankers draft.

    Maybe she doesn't have a cheque book - many current accounts don't have a cheque book these days.
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • DCFC79
    DCFC79 Posts: 40,635 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Could your friend not meet the sister, they go to the bank and she arranges for a transfer of money into her brothers account.
  • PaulW922
    PaulW922 Posts: 1,039 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Recorded delivery is ultimately no different to ordinary post - it just has a signature at the end. If she were that concerned about security of a draft she would be sending it by special delivery.

    I would not post my bank details onto Facebook for everyone to see but I think it is important not to get too worked up about them. We provide our bank account details all the time. They are on cheques, on our debit cards (in whole or part depending on the bank) and we give them all the time for direct debit payments.

    Cant your friend not phone the details through?
  • p00hsticks
    p00hsticks Posts: 14,396 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    PaulW922 wrote: »
    I would not post my bank details onto Facebook for everyone to see but I think it is important not to get too worked up about them.

    I wouldn't think that the sister was inviting him to post the details onto his facebook wall "for everyone to see" - it's more likely that she intended for him to use the 'chat' function to send the details to her via a one-to-one personal message.
  • Couldn't your friend open a savings account, give those details over Facebook, receive the payment, transfer it out, then close the account?

    I have a savings account that I use for incoming payments, which doesn't accept direct debits, the only way of getting money out is through my online banking, and it constantly has a nil balance.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    I suggest a compromise. Your friend sends his sister a cheque for one penny. She then sends him his inheritance by FP. That way he doesn't put his details on Facebook and doesn't have to pay for a bankers' draft.
    gentlepurr wrote: »
    ...and he doesnt want to give his sister his bank details.

    OP, how much are we talking about for the inheritance and the cost of the cheque? If your friend doesn't want to make his account details available to his sister (although I think Bill's suggestion is a good compromise) then as long as the former is a bigger sum than the latter then he's still making some money that he wouldn't otherwise have had.
  • xHannahx
    xHannahx Posts: 614 Forumite
    The only use of a sort code and account number is paying in money, they aren't enough on their own to make a withdrawal. A private message on Facebook would only mean him and sister seeing the details.
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    Yes, he's being unnecessarily paranoid in refusing to give his own sister his banking details. As has already been pointed out, they appear on all his cheques anyway and she can't do anything with them apart from make payments to him.

    He should really get over this but should ask that she sends a small (1p or £1) payment initially just to ensure she has keyed the details in correctly.

    Problem solved.
  • xHannahx wrote: »
    The only use of a sort code and account number is paying in money, they aren't enough on their own to make a withdrawal.

    Tell that to Clarkson :rotfl:
    http://news.bbc.co.uk/1/hi/entertainment/7174760.stm
    Like all religions, the Faith of the Invisible Pink Unicorn is based upon both logic and faith. We have faith that she is pink; we logically know that she is invisible because we can't see her."
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.