vastnight.blogg.se - I lost my checkbook

#I lost my checkbook how to#
#I lost my checkbook full#

This helps to prevent fraud, since it is usually possible to trace the person to whom the cheque has been paid. In future, if I make the cheque out to "J P Smith only" the cheque may still be signed over to someone else.Ī crossed cheque may not be paid across the counter - the money must be paid into a bank account. Because of recent changes to the law I must use the not transferable marking. Is the not transferable marking the only way to ensure that my cheque is not transferable? Banks may reject the cheque if you misspell the name of the payee, or if – in the case of a company – you use the trade name of the company instead of its correct registered name.

#I lost my checkbook full#

Suggestion: If you want to mark a cheque " NOT TRANSFERABLE" make sure that you inscribe the instruction boldly across the face of the cheque (preferably by using a rubber stamp with red ink).Īlso make sure that you make it out in the full and correctly spelt name of the person you want to pay.

If I make it out to "J P Smith" and mark the cheque " NOT TRANSFERABLE" my instruction is that only J P Smith may be paid.

This means that those cheques can be passed on (transferred) by the person to whom the cheque is made out (the "payee") to other persons, who then become entitled to receive payment on the cheque. The three types of cheques mentioned above are referred to as "transferable".

If I make the cheque out to "CASH" it is payable to bearer, even if the words "to order" appear on the cheque.

(With the exception of a cash cheque, if I cross out the words " or bearer" which are pre-printed on the cheque form, the cheque automatically becomes payable to order.)

If I make it out to "J P Smith" or order my instruction is for the bank to pay J P Smith or anyone else to whom J P Smith may sign over the cheque, or to any other person to whom it may be signed over by a subsequent holder. (The words " or bearer" are normally pre-printed on the cheque.)

If I make a cheque out to "J P Smith" or bearer my instruction is for the bank to pay J P Smith or any other person who obtains the cheque and presents it for payment.

This depends on how I make out the cheque.

#I lost my checkbook how to#

This brochure will help you to understand how cheques work and how to prevent fraud.Ī cheque is a signed, written instruction I give to my bank to pay money out of my account. WHAT I SHOULD KNOW ABOUT CHEQUES AND FRAUD