dubinamerica
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Not quite — it would have been credited to your balance, in advance of being formally cleared. You could access those funds, but if the cheque you lodged bounced, the amount would be debited.rkeane said:...if I lodged a cheque it was in my account that evening.
So basically, you can lodge a cheque into your account and in the same visit, withdraw it from your account?DrMoriarty said:Not quite — it would have been credited to your balance, in advance of being formally cleared. You could access those funds, but if the cheque you lodged bounced, the amount would be debited.
No banks can 'cash' cheques anymore — they must be lodged to an account. If you're a customer, you may be able to access the money immediately, through an ATM or over-the-counter withdrawal, but the cheque itself is not 'cashed' irrevocably.
dweller said:The credit union used to cash cheque s but they've stopped.The money must be lodged to your a/c and can't be touched untill the cheque clears.
dweller said:By the way, no bank will cash any cheque for anyone.It has to be lodged to your a/c and left to clear. You won't be able to withdraw it at an atm machine or anywhere else nomatter how well they know you or even if the cheque is from their own bank.No go.
If the cheque is crossed "A/c Payee Only" the bank will not give you cash for the cheque, it will have to be lodged into your account.i need to cash an aib company cheque made payable to me..I dont have an aib bank a.c..cheque is crossed a/c payee..does it have to be lodged to an a.c or will they cash for me if I have id...if i go the branch where cheque is drawn will they cash it
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