Andy W
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Most cheques have account payee or account payee only written on them. You'll see it written side on. at right angles to the rest of the writing.
If this is the case it is telling you that it HAS to go into an account of that name - You may get away with paying it into someone in the families account with the same initial and surname and they could give you the cash. Option 2 - Open a bank account... You'll need to eventually as these days you can't live without one. Option 3 go back the person who gave you the cheque and ask for the cash or another cheque in someones name you can trust to cash it for you......... If on the other hand it hasn't got account payee on you just need to sign the cheque on the back...... (But most of them have these days) There is nothing like good old fashioned cash I say! |
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NolaD
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You do not need to open an account. Just go to the bank the check is drawn on and cash it there.
If it is from XYZ bank go to XYZ bank, sign the back and they will have to honor it.
They may charge you a fee.
I did this all of the time with my first job. I had no account but I just took my check to the bank it was drawn on and they had to cash it. |
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Diablo
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i'm afraid not.. get yourself a bank account.. if you have problems with getting an account Halifax do very basic accounts with no credit check |
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ROSIEISME
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No it has to have the account holders name on. You can cash it at a post office or a cheque cashing place, if you have a driving license or passport. |
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binksiesbaby
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if the cheque is not crossed ie if it doesnt have 2 line down the front with the words " account payee only" or " not transferrable", then you are permitted to sign the back of the cheque (called endorsing). This means you are effectively signing the funds over to your friend who can then pay it into his /her account.
If it is crossed then you either have to get the drawer of the cheque to remove the crossing or go and open a bank account of your own. Most banks however, will not allow you to open an account solely for the purpose of clearing one cheque. they will ask you what funds the account is going to be regularly serviced with ie where you salary comes from. |
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L
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the cheque needs to be paid into an account with the same name. either open a bank account and pay in your cheque, or ask who ever wrote you the cheque to write you another one with yuor mates name on it |
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caroline ♥♥♥♥♥
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no |
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Micki
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It totally depends upon the bank you're dealing with. They will probably place a 10 day hold on the funds in your friend's account to ensure that the check had cleared the originator's bank. Why don't you have a bank account? Even a savings account is better than nothing. |
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Peter D
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Normally a bank will not accept a payee only chq if you don't have an account with them. This is actually to protect you rather then being unhelpful. Anyway, why cant ur so called mate draw the funds from his account and give u cash? |
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Louise
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No. Open an account. |
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Pijjin
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IN THE OLDEN DAYS YOU USED TO BE ABLE TO "CROSS " THE BACK OF THE CHEQUE. I.E SIGN THE BACK OF IT. I WOULD ADVISE GOING TO THE BANK WITH YOUR FRIEND AND ASKING THEM. TAKE SOME I'D' THEN YOU R PREPARED. OH AND OPEN A BANK ACCOUNT A.S.A.P |
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Indy500
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Nope. What are you doing accepting cheques with no bank account you div!
Your mate could get you put onto his account, but it will take weeks.
...and NolaD above...he said 'CHEQUE', not 'CHECK' so he is obviously from the UK. Your answer is not applicable to this! |
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wbcsas
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You can endorse the cheque, e.g on the rear of the cheque write Please Pay (your friends name) and sign the endorsement.Your friend will then have to bank the cheque.
Then ask your friend for the funds after the cheque has been cleared by the bank. |
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