Cashing an AIB cheque when no Irish bank account is available

H

Horatio

Registered User
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I recently received a cheque for payment but I don't have an account in Ireland. What are my options to cash this out in Ireland?
Can I, for example request a retail bank to clear it over a period of a few days & then come back into the branch to collect the cash?

Advice appreciated.
 
Sign the back of it.
Give it to a friend who has an account to lodge.
It will probably get through even if it is crossed.

Alternatively, open a credit union account which accepts cheques.

Brendan
 
If the cheque is crossed A/c payee only, then it can only be lodged to the account of the payee, it can not be endorsed over to someone else. It is not transferable.

You might get away with it by getting someone to lodge it via an ATM or in branch machine but most of the Irish banks now use a post lodging anti-fraud tool called Kappa and one of the things that does is compares payees names against the account holders names and if there is a discrepency, it throws it out for someone to check (no pun intended). They don't check everything and most have a value threshold which varies per bank.

So if it is low value, you may get away with it, high value, you probably won't and it will be bounced and it may get flagged as well from a money laundering perspective.
 
"Account payee only" is transferable.

"Account payee only - not negotiable" is not transferable.

"//" and "&Co" are meaningless.
 
Is it possible to cash it in the branch it is drawn on? I remember doing this years ago. Just needed photo id.
 
New Scottman said:
"Account payee only" is transferable.

"Account payee only - not negotiable" is not transferable.

"//" and "&Co" are meaningless.
Click to expand...


From the Banking and Payments Federation
A cheque which is crossed with “a/c payee only” must be lodged directly into the bank account of the named payee. However, if a cheque is crossed with ‘not negotiable’ or ‘& co’ it may be endorsed by the payee, which means it can be signed over to the benefit of a third party on the reverse of the cheque. It can then be lodged to the bank account of that third party.
 
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