Struggling
Registered User
- Messages
- 30
A cheque, if cashed, will show in the account of the person (payer) who wrote the cheque, i.e. the account on which the cheque is drawn.
If the payee of a cheque does not lodge the cheque (i.e. gets it cashed), it will not show in their (payee) account.
The payer will not have sight of how the cheque was paid, i.e. lodged or cached. Just that it was paid.
If your bank had to, they could trace how that cheque was paid, i.e. who cashed it. But there would be no record of that cheque on your account.
The bank when cashing my cheque use the fact that I have an account with them as proof of identity but don't record the fact anywhere that I presented a cheque for cashing or received the funds?
Does this apply to uncrossed cheques? What about cheques made out to cash?Strange query. For a number of years now all banks have ceased the practise of cashing 3rd party cheques. These cheques must be lodged to an account.
Strange query. For a number of years now all banks have ceased the practise of cashing 3rd party cheques. These cheques must be lodged to an account. If your bank did cash a 3rd party cheque for you, then they will be unable to confirm that for you. You will need to revert to the drawer of the cheque.
If it's the tax man your worried about, I'd assume that every cheque does leave a strong trail.
Don't you have to show photo ID to cash a cheque over the counter?
As per my previous post I am amazed that banks would still cash cheques as their own internal rules now require all cheques to be lodged to an account!!! You have no entitlement to a copy or details of a cheque given to you by a 3rd party. There will be a paper trail on how the cheque was pricessed and a photocopy of the cheque can be obtained, but only on request from the drawer of the cheque!
If a cheque is not crossed it can be cashed provided you are known or have an account. A bank would expect you to have sufficient funds in your account to meet the cheque in case it bounced. As an ex banker I did this many times. As RainyDay says, what about cheques made out to cash or bearer?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?