The Co-operative Bank Security.

inmypocketnottheirs

bubblesbonbon wrote: »

My Co-op Debit Card also doubles as a £100 cheque guarantee card and I assumed that is why the account details are on it.

So does my citibank visa debit card. But that only has the sort code on it.

bubblesbonbon

So does my citibank visa debit card. But that only has the sort code on it.

Intrigued

How does that work from the retailer's point of view?

Presumably your debit card could be used to guarantee any cheque drawn against that particular sort code.

I must admit that I have had trouble convincing some retailers that my debit card is a guarantee card and most of them check the account details closely.
Got so cheesed off that I very rarely use cheques anymore - credit card much less hassle;)

inmypocketnottheirs

bubblesbonbon wrote: »

Intrigued

How does that work from the retailer's point of view?

Presumably your debit card could be used to guarantee any cheque drawn against that particular sort code.

I must admit that I have had trouble convincing some retailers that my debit card is a guarantee card and most of them check the account details closely.
Got so cheesed off that I very rarely use cheques anymore - credit card much less hassle;)

Cheques seem to be so rarely used today, that the majority of younger store staff seem to be totally clueless as to the procedure for accepting cheques.

On the very rare occasions I pay by cheque, sometimes I have to point the store staff to the hologram on the rear of the cheque that says £100 cheque guarantee.

However, generally I pay by debit card.

Hazzanet

bubblesbonbon wrote: »

Intrigued
Presumably your debit card could be used to guarantee any cheque drawn against that particular sort code.

This has always been the case. A cheque card simply guarantees any cheque written from any account held by the person whose name is on the card providing the account is held at the same branch with the sort code shown on the card. This is subject to a one cheque per day rule.

EG: A cheque with sortcode and account number 01-02-03 / 12345678

Could be guaranteed with a card showing account details 01-02-03 / 87654321

Providing the name on the card and the cheque is the same.

RayWolfe

Hazzanet wrote: »

This is subject to a one cheque per day rule.

Err!
Just how would a cheque receiver know this?

Hazzanet

RayWolfe wrote: »

Err!
Just how would a cheque receiver know this?

Well, if a small retailer then it would be pretty obvious if you tendered two cheques in a day, as for larger ones I don't think there's much chance of noticing that someone had issued two cheques in one day - particularly if the drawer approached different cashiers.

The full t's & c's of the Cheque Guarantee Scheme are here if anyone's bored enough to read them:

http://www.apacs.org.uk/payment_options/documents/cheque_card.pdf

LittleVoice

Hazzanet wrote: »

This is subject to a one cheque per day rule.

Ray - this comment is not that there is a limit of being able to guarantee one cheque a day but that you cannot guarantee more than one cheque for a single transaction. That is, if something costs £175 you should not write one for £99 and another for £76. (Some retailers would try to get round this by getting you to date cheques on consecutive days - though technically this is not allowed because, in my example, it would be for the same £175 transaction.)

RayWolfe

Ah! Suddenly the light shines.
Must have a muzzy Sunday morning head. ;-)

CopperPlate_2

first direct has a 'code number' which is clearly a sort code in the format of xx-xx-xx, and a 'card number' which is about 8 or 10 digits long - the long 16 card number starts of with the bank identifier of 4 digits and then followed by the sort code and account number in one long line. fd debit cards are Maestro cards, e.g. sort code 12-34-56, account number 78901234 - the 'long card' number becomes 9876 (first direct bank identifier) 12345678901234, so the s/c and a/c are 'readily' identifiable anyway.

Not sure what all the fuss is about really - cheques have had s/c, a/c, account holder name AND signature of the a/c holder on them for decades.