I would agree that the documentation leaves a lot to be desired. I took up the rights issue and sent my payment on Monday last.
Did any of you have any problems with your payment. On the documentation it said that third party cheques will not be accepted with the exception of Building Society cheques or bankers drafts where the building society or bank has confirmed the name of the account holder by stamping or endorsing the cheque or draft to such effect.
Obviously I had to get a sterling draft and got it in BOI on Monday. When I asked them to endorse the back of the cheque they refused saying they have never done that before. When I showed them the documentation they said it was badly worded (which I didn't disagree with!!) and said that their understanding of it was what RBS would accept bankers drafts. When I tried to point out that they would only accept bankers drafts if they stamped or endorsed the back of the draft the bank clerk totally disagreed with me and just wouldn't stamp the back of it. I rang the RBS helpdesk in UK but last Monday was a bank holiday there so there was no-one to assist me. I also telephoned Permanent TSB and asked them about endorsing or stamping sterling drafts they too took the same stance as BOI and said they never stamp the back of sterling drafts.
This whole thing has me worried that RBS may reject my draft and I may have to forfeit my rights to take up the issue just because of some bungling bank clerks here. I sent on the draft anyhow as I am mindful of the deadine and I just hope they will accept it.
Anybody else have this problem ????
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