If this is correct and the cheque has no crossing, then it is transferable and is a bearer instrument and can be cashed at any bank counter by anybody, without being lodged to an account, yours or anybody else's. Your name is of little importance. While it is not the practice of banks to cash uncrossed cheques in recent times and they usually insist that these are lodged to an account, they are still within their rights to do so. And an uncrossed cheque can be lodged to any account, it does not have to be an account in your name.Me, "Roger BrokeBroker", and the exact amount.
It's not crossed cause it was in some kind of weird looking printer that seemed to use lights or lasers or something.
"Security check" is printed in block letters, front and center, large enough to see clearly.
i.e. it's not written, all is printed.
I had hoped that when closing the account they might instead give a bank draft, but apparently cash is the only option.
Are you sure about this ? If this were a personal cheque drawn against Mr BrokeBroker's current account, then this would be the case. It is very likely however that this is a cashier's cheque, drawn against the bank's funds, and that the funds will have been debited from Mr BrokeBroker's account at the time of issue.The money will only be taken from your EBS account when the cheque is presented to another bank
This whole topic seems to show a complete lack of knowledge on how bank cheques work
This isn't true. Anybody can cash an uncrossed cheque.No, you don't. No one else can cash it if it's made out to you.
That is interesting. I did specifically ask if it was possible to transfer it any other way, such as by cheque, and the assistant said that it was not and that cash was the only way.That's not correct. If you want to withdraw by cheque from and A Post book based deposit account you fill in a withdrawal form and post it off and they send you a cheque. Takes approx 7 days.
https://www.statesavings.ie/media/pdf/ordinary_depositaccountrepayment_form.pdf
Yea I went through this for an elderly relative last year. The general rule is max €3,000 withdrawal on demand, anything over that by post. Rules are here:That is interesting. I did specifically ask if it was possible to transfer it any other way, such as by cheque, and the assistant said that it was not and that cash was the only way.
Are you 100% sure the cheque is not crossed? Most of the blank pre printed cheques that go into the machine for the details of amount/payee/date to be printed on are crossed, it's a while since I worked in a bank/building society but all our cheques had a crossing on them pre printed. We never actually physically wrote a crossing on them.
It's practically impossible cash a cheque anymore crossing or not and certainly not for a large amount, a cashier, now renamed Customer Service Advisor/Official/Officer probably (not a financial advisor!) might take a chance on a small one say 50 quid but certainly nothing large and I'm speaking from a long time back, these days not even sure they'd cash the 50 quid one!
As for post office, surely you could do the cash withdrawal and immediately convert to postal order within the post office? I haven't had a post office account but they do/did issue postal orders.
Are you sure about this ? If this were a personal cheque drawn against Mr BrokeBroker's current account, then this would be the case. It is very likely however that this is a cashier's cheque, drawn against the bank's funds, and that the funds will have been debited from Mr BrokeBroker's account at the time of issue.
If this is correct and the cheque has no crossing, then it is transferable and is a bearer instrument and can be cashed at any bank counter by anybody, without being lodged to an account, yours or anybody else's. Your name is of little importance. While it is not the practice of banks to cash uncrossed cheques in recent times and they usually insist that these are lodged to an account, they are still within their rights to do so. And an uncrossed cheque can be lodged to any account, it does not have to be an account in your name.
I suspect that the "Security Cheque" is in small feint print, often at the bottom right hand corner of the cheque. This is something that printers put on the cheque to show that it incorporates certain security features such as a hologram intended to prevent counterfeiting or illegal replication. If this is the case it makes no difference to the security of the cheque from a processing point of view and so offers you no security. I know of no other use of the term "Security Cheque" in an Irish context.
So yes, you need to be careful not to lose or misplace this cheque, and you need to lodge it to an account in your name as soon as possible.
Are you sure about this ? If this were a personal cheque drawn against Mr BrokeBroker's current account, then this would be the case. It is very likely however that this is a cashier's cheque, drawn against the bank's funds, and that the funds will have been debited from Mr BrokeBroker's account at the time of issue.
It's not crossed
Just double checked, it is crossed
lol, dude, chill.I think I'll give up on this
Well then you're covered, I haven't seen an uncrossed pre printed cheque in donkeys years, not since the days when you could get a cheque made out to cash by a bank and those days are long gone. With building society cheques unlike a cheque drawn on your own bank account the money does leave your account when the cheque is issued rather than when it is presented, however that is pretty irrelevant in this situation because if you lose it you just get it cancelled and reissued.Just double checked.
There is actually a printed cross sign saying, "payee only, no exceptions", something like that?
Well then you're covered, I haven't seen an uncrossed pre printed cheque in donkeys years, not since the days when you could get a cheque made out to cash by a bank and those days are long gone. With building society cheques unlike a cheque drawn on your own bank account the money does leave your account when the cheque is issued rather than when it is presented, however that is pretty irrelevant in this situation because if you lose it you just get it cancelled and reissued.
Much ado about nothing.
And, as I keep saying, you were given this info in the first reply in this thread but here we are on page 4 still going...Thanks heaven.
Better ado than the alternative.
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