C
... but some banks now adopt a clear policy that all items must be lodged to the named account...
Most bank drafts are crossed "A/C Payee Only" & therefore will have to be lodged to an a/c in your wife's name. You will be able to lodge it to the joint a/c if you provide your marriage cert. This will show the maiden name and married name.
This would be the policy where I work anyway in BOI.
Can they legally do that? A bank draft is, in law, a negotiable instrument and transferable by endorsement and delivery -- that is, signing it and handing it over to the intended recipient.
...that banks choose, for their own convenience, to impose limits on the negotiability of cheques...
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?