cheque received in error (refund)

mary4kids

Well a big utility company refunded me my money with a cheque and apology as they made a mistake and over charged me. Then 2 days later I received the same apology letter and cheque. Ofcourse thats made in error in their side and I want to destroy the cheque but can they come later on demanding the money back while I never deposited it into my account. I dont want to call them either for them to make more mistakes and ask the original money back as well lol as it was my money. Can I just destroy the cheque and forget about it?

Mupette

rip it up, take a picture of ripped up cheque, if they ever come back you can show them, in reality as long as you don't cash the 2nd cheque you haven't done anything wrong to warrant them chasing you.

bris

It will only flag on the system if you cash the cheque.

mary4kids

bris wrote: »

It will only flag on the system if you cash the cheque.

Thank you. I am not thinking of cashing the cheque.

DaftyDuck

Pay the first cheque in, and check it has cleared before ripping up the second... it's just possible their system is already aware of the error, and either cheque may be cancelled.

Good to see an honest poster not hoping to profit from a simple mistake.

cookie365

Why is everyone so sure that accounts payable aren't debited until the cheque is cashed? Or that they're automatically credited if the cheque isn't cashed after, well how long are people suggesting for that to happen?

I'd suggest it's more likely that the OP's account is debited as soon as the cheque is produced, possibly even as soon as the instruction to produce the cheque is made, and if it's not cashed then it doesn't get credited back to the OP's account but instead sits in a suspense account.

wealdroam

cookie365 wrote: »

Why is everyone so sure that accounts payable aren't debited until the cheque is cashed?

Everyone?

I can see just one post suggesting that.

Zandoni

I would keep the second cheque for a while before destroying it, it will be a lot easier to do what they ask when they communicate with you if you still have it.

arcon5

I'd keep it and destroy it in a couple months.
They will have recorded the cheque issued but when they do their banking reconcilliation they'll know it's uncashed