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cheque without payee name uk

Reserve Bank has also warned that banks which indulge in any deviation from the above instructions would invite severe penal action. An automated message warned him that her name did not match the name on the account he was paying into, and that the transfer would therefore be at his own risk. If it is crossed "a/c payee" across the middle, it can only be paid into an account in the name stated on it. In practice, today’s bank cashier is likely to view such amendments with caution given that they are rarely seen. The Cheques Act 1992 and Section 81 of the Bills of Exchange Act 1882 give statutory power to the ‘A/C Payee’ and ‘A/C Payee Only’ crossing, when it is used. Customers who specifically request a chequebook with open cheques may have their own good reasons for doing so, but their bank will explain the possible risks. This crossing carries NO statutory force. Section 77(2) of the Bills of Exchange Act 1882 specifically allows both the receiver (i.e. In … The cheque is crossed, which means that the payee or recipient of the cheque should be the cheque into their bank account instead of collecting the cash over the counter. An account payee cheque is a type of cheque which can be deposited in the account of the payee (the party to whom the final payment is supposed to be made and whose name is mentioned on the cheque). Readers have reported irate builders, withheld cars, delayed house sales and missing wages because the protocols used by different banks don’t, themselves, always match. To be safe, get him to complete the rest of the cheque PROPERLY! Cheques are considered stale-dated after six months, unless it is a certified cheque. If I have received a cheque made payable to me that isn’t crossed or marked ‘A/C Payee Only’ or ‘A/C Payee’ can I cross it and write ‘A/C Payee Only’ on it myself? “There is an industry-wide set of rules and standards for CoP, but, within these there is a degree of flexibility for individual banks to develop their own specific matching criteria. “If any bank credits the account of a constituent who is not the payee named in the cheque without proper mandate of the drawer, it would do so at its own risk and would be responsible for the unauthorized payment. Confirmation of Payee will help you to check account details before you make a new Faster Payments or CHAPS payment. “Our business is called BowWowMiaow Doggy Day Care, which can be difficult enough to get right,” she says. There is a charge for this service which means that the person to whom the cheque was made payable will get back less cash than the face value of the cheque. “They told me I was Ms Heather Audrey Lord. Financial institutions may still honour these items, but there is no obligation to do so. This crossing is the only crossing to carry statutory force wherever it is present. Customers can choose to override a no-match message and continue, but they are warned that their money may not be recoverable if it ends up in the wrong account. A bank won't accept it without a payee, and if you write it in, then different handwriting looks suspicious. The legislation means that a cheque which bears the ‘A/C Payee Only’ crossing can only be paid into an account in the name of the person who has received the cheque (i.e. A cheque which has no crossing at all is called an open cheque. You can continue with the payment – but always double-check the account name and details are correct. With regards to a cheque crossed ‘A/C Payee Only’ or ‘A/C Payee’ the relevant legislation means that a cheque that bears one of these crossings can only be paid into an account in the name of the person who has received the cheque (the payee) exactly as it appears on the cheque. The cheque must clearly the date, month and year. When the Observer intervened, Nationwide blamed Lloyds for inserting a comma incorrectly, and Lloyds blamed Nationwide for not allowing at least a partial match. The cheque cashing agencies will have already cashed the cheques for the person who has received the cheque (that is the person named in the payee line). The ‘A/C Payee Only’ or ‘A/C Payee’ crossing: This crossing is a protection against fraud and indicates that the cheque must be paid in to an account in the name of the payee exactly as that name appears on the cheque. Yes. As we didn’t want to risk my money disappearing, I asked for a cheque, made out to Heather Lord, which was processed with no problem.”. “I phoned the bank and asked who I was,” she says. 2. The four different types of crossing are: This describes a general crossing, which was the forerunner of the ‘A/C Payee Only’ crossing. The trouble is, it’s so secure that some customers are unable to send or receive money without ignoring dire warnings that they proceed at their own risk. The name of the payee must be written on the cheque or it can be made payable to bearer. Customers would generally find it more convenient to obtain cash over the counter by means of their debit card. Paper trail: A check without a payee makes it harder to keep records and document transactions. No, the recipient of the cheque (sometimes called the “payee”) cannot remove a crossing from a cheque nor can the cheque be transferred over to a third party. The retail payments authority, Pay.uk, has set the rules and standards for CoP and says it’s an important step to protect customers as Authorised Push Payment Fraud, where customers are tricked into paying money into a scam account, rose by more than 40% last year, and cost £455m. You typically encounter payees when banking. “It failed the CoP test five times, even when I used the name of the account as printed on the cheque book,” she says. This can be a handy way to pay a … As online fraud soars, the new scheme is designed to make bank transfers more secure, and campaigners claim that it is long overdue. If you cross the cheque and write ‘A/C Payee only’ you are merely ensuring that payment is made for your account. 2 Thomas More Square For public enquiries, enquiries about participation and our projects, enquiries about the printing of cheques and BGCs, insolvency notifications. The amount written in these types of cheques can be credited to the payee’s account only and cannot be encashed as stated earlier. Cheque and Credit Clearing Company Ltd “A friend tried to transfer money using my partner’s full name, with and without a middle initial, and it failed in all cases. Banks tend to blame each other. The payee can also use a special endorsement, signing a check over to someone else. Payment can be in any form, including cash, a check, a money order, or an electronic transfer of funds. On each occasion the payment went into the intended account, despite the warning. This gave scammers free rein to masquerade as a trusted account holder and trick customers into transferring money. Is there any situation where a crossed cheque can be paid into the account of someone other than the named payee or recipient? 9 years ago. Payment statistics, market research, FAQs, advice, news and newsletters, events, projects, social media, press releases. That person then endorses the check to cash it. Robert May shares an account with his partner. “Our bank insists on the name on our business account being BowWowMiaow Doggy Day Care Ltd T/A BowWowMiaow Dog and we’ve had reports from a couple of people that they’ve been unable to set up payments.”. A cheque is valid for a period of six months from the date of issue. deleted) by the payer (i.e. the payee) exactly as it appears on the cheque. Not if it is crossed ‘A/C Payee Only’ or ‘A/C Payee’. If you don’t sign there, the cheque won’t be valid, so this is a really important step. A stale-dated cheque means that the item is old, and not necessarily invalid. Cheque cashing shops have special arrangements with their own bank to pay in cheques to their account where the cheques themselves are made payable to other people. Sign the cheque. A bearer cheque is payable to the bearer of the cheque ie who ever presents the cheque gets the payment irrespective of the name of the payee on the cheque. 1.bearer cheque. However, this crossing carries NO statutory force. As far as payee"s name is concerned, there are two types of cheques. Name of the Bank – First Bank of Wiki is the name of the bank where your money is kept. It is down to the discretion of the cashier whether it's accepted however if it was fraudulent it would be a financial loss to the bank as they would have to compensate the 3rd party if the accepted a cheque without a full name on. Louise Abbott-Little was unable to receive a payment because her name was deemed too long by the sender’s bank for a match, whereas Judith Mallinson discovered that her company’s name has been extended by her bank for matching purposes. The date line appears in the top right-hand corner of the cheque. Is there a difference between a cheque being crossed and marked ‘A/C Payee Only’ or ‘A/C Payee’ as opposed to just being crossed and having no wording printed on it? That doesn’t mean that anything’s wrong. the person who has received the cheque, who is legally the “payee” and “holder” of the cheque). “They all made the payment anyway, having been warned it was at their own risk, and the money arrived safely,” she says. Determine who must endorse the check. To make the special endorsement, the payee endorses the check and then writes “Pay to the Order of” followed by the new payee’s name. Account Payee Cheque (A/c Payee Cheque) Account Payee Cheque is when we make two parallel lines on the top left corner of the cheque leaf and write the word A/c Payee in between the two parallel lines. Adding a crossing to a cheque increases its security in that it cannot be cashed at a bank counter but must be paid into an account in exactly the same name as that which appears on the ‘payee’ line of the cheque (i.e. Not where the cheque is crossed. 3) Payee-He is a person to whom the payment will be made.His name will be mentioned on cheque, so he is an authorized person to receive cash. Moreover, the addition of the words ‘A/C Payee Only’ should not be considered a material alteration of the cheque. When entering a payee’s name to make a payment under the CoP system, even small discrepancies can hinder funds being transferred. As best practice, customers should use the full first name (not initials) and last name, or the full name of the business, they are paying.”. A payee is a person or organization that receives payment for goods or services. If the … Confirmation of Payee was designed to tackle online fraud, but it’s leaving customers unable to transfer funds. Nature of a cheque. The image of the cheque above is from a fictitious bank. Any alteration or attempt at alteration of the crossing would be treated with caution by a bank as it could be a fraudulent. “If others are not prepared to take the same risk, I will not be getting paid. It is not commonly used nowadays having been replaced by the more secure ‘A/C Payee’ or ‘A/C Payee’ only crossing. Can a crossed cheque be cashed at a cheque cashing shop such as ‘The Money Shop’? Government of Canada cheques, money orders and … Confirmation of Payee (CoP) was introduced at the end of June to allow customers to check that the name of the person they want to pay matches the name on … My surname is Smith. The person or business you're sending money to. What you need to write a check. Yes, it is called "bearer paper", meaning it is legally payable to anyone who has possession of it. On a check, the payee is the person or organization to whom the check is written. Confirmation of Payee (CoP) was introduced at the end of June to allow customers to check that the name of the person they want to pay matches the name on the account. In the bottom right corner there is a space for your signature. Three people failed to get a name match when trying to transfer payments from three different banks, even after her bank had confirmed the correct format. “Customers can only complete the transaction by ignoring the bank’s warning, therefore freeing the bank of any liability. The Confirmation of Payee system means anyone making a payment will be alerted if the name does not match the account. I don’t know how I was supposed to know this.”, Banks state the name should be entered as it appears on the account, which leaves customers guessing when a trading name is different from a registered name, or if there’s a personal title included. This will be considered as an Account Payee Cheque (A/c Payee Cheque). payee or holder) of an uncrossed cheque to add a crossing. She is one of dozens of Observer readers to be questioned about their identity after a new name-matching system, adopted by banks, refused to recognise them. This is to reflect the fact that different banks use different name formats,” it says. Can a crossed cheque be ‘uncrossed’ by the payer - or the recipient of the cheque - (for instance, by writing ‘crossing cancelled’ on the cheque) and then cashed over the counter by the recipient? It cannot be endorsed to anyone else. The order cheque should be paid only to the payee or his endorsee. Lv 7. A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution. The only details that we look at it are the figures in the box. Lord was baffled. When you write a cheque this is the information you will need to … Cheque must be duly dated by customer of bank A cheque must be duly dated by the customer of bank. It should be simple: if a customer enters the name of an individual, or company, as it appears on their bank account, a match – or a partial match – should be confirmed. “Cases of customers having issues are extremely low compared with the number of requests processed successfully. Q. A general crossing does not have the benefit of statute and can be ‘opened’ (i.e. Maha El Dimachki, Chief Payments Officer of Pay.UK says: “We are delighted to see increasing numbers of people in the UK benefitting from Confirmation of Payee. Freelancer Machteld de Waard has been left out of pocket because a Lloyds customer was unable to get past CoP to pay into her Nationwide account. It is standard practice for banks to issue chequebooks with cheques crossed ‘A/C Payee Only’ or ‘A/C Payee” but ultimately this comes down to customer choice. Adding a crossing to a cheque increases its security in that it cannot be cashed at a bank counter but must be paid into an account in exactly the same name as that which appears on the ‘payee’ line of the cheque (i.e. The cheque cashing agency will have lost the protection of the crossing and the arrangement with its own bank is that it is liable for any loss in the event that these cheques are unpaid (i.e. If a cheque crossed ‘A/C Payee Only’ or ‘A/C Payee’ has to be paid into a named account how can I cash a cheque over the counter? Typically, when a customer or business sets up a new payee or amends an existing payee’s details, Confirmation of Payee will enable them to confirm whether the details they have entered match the account of the person or organisation they are paying. This was also refused by the system! A generally crossed cheque is where the drawer simply adds 2 slanted lines at the upper left corner of the cheque without any instructions written on it. hen the sale of Heather Lord’s house completed, her conveyancing solicitor attempted to transfer funds to her bank account. Fill out the ‘memo’ section (optional). General Crossing: This crossing is also a protection against fraud and is placed on the cheque by the payer (legally the “drawer” or payee (legally a “holder”) and indicates that the cheque must be paid to a banker. It has managed the cheque clearing system in England and Wales since 1985 and in Scotland since 1996. Most of the time your account statement or passbook entry will contain the details of cheque number and the name of the payee who has presented the cheque for payment. Lord was baffled. It’s still possible to keep notes and track expenses, but a payee’s name in your own writing makes things easier (and official). Account payee. Cheque Amount. Crossed cheques . Cancel “or bearer” on the cheque and add “Account Payee Only” (or “A/C Payee Only”). It only succeeded when they substituted my name,” he says. they ‘bounce’). The legislation means that a cheque which bears the ‘A/C Payee’ or ‘A/C Payee Only’ crossing can only be paid into an account in the name of the receiver of the cheque exactly as it appears on the cheque. You don’t need to decipher anybody’s signature or wonder who … "Account Payee Only" crossing is a directive to the collecting bank to pay into the account of the payee; Payee is the person to whom the cheque is to be made. It cannot be cashed over the counter by the payee; it must be paid into an account in the same name as that appearing in the payee line of the cheque. No. Existing security measures, when setting up a new payee, include your bank checking that there is an account with that number at the bank you’re trying to pay. Stay up to date with Pay.UK news and events. If crossing a cheque is a fraud protection measure, then why aren’t all cheques crossed? It is an authorized payment, requiring no endorsement, and is the total liability of the customer or signer of the check. Cheques are being phased out, so where do we go from here?”. Not Negotiable: This crossing is used to indicate that the cheque should not be transferred from one person to another. “I was eventually told that the payee, for this system’s purpose, was the main account holder only. Some systems don’t recognise spaces between initials, hyphenated surnames or ampersands. It could just be that the payee’s bank isn’t using Confirmation of Payee yet. the person who has received the cheque, who is legally the “payee” and “holder” of the cheque). Cheques that are not crossed still exist but they are no longer commonplace because of their lack of security. What is the reason for having a cheque that is crossed but doesn't have 'A/C Payee Only' or 'A/C Payee' printed on it? So if drawer himself need to withdraw cash from his account using cheque then he need to write as SELF in the payable field of the cheque. It may be possible for a customer to cash one of their own crossed cheques over a bank counter if they go into their own bank as the bank will be able to identify them as one of their own customers but this service is not always offered. Before that, systems only checked the account number and sort code. Could someone who is in possession of a cheque cancel the crossing, change the recipient’s name and initial the cheque in order to pay it into an account it’s not intended for? “I could give someone my name from my bank statement, my debit card, my chequebook or my credit card – only two are alike!”. London E1W 1YN Tel: 020 3217 8200questions@chequeandcredit.co.uk, Copyright: Cheque & Credit Clearing Company 2016-2021, How Cheques Clear – Advice for Businesses, Cheque Printer Accreditation Scheme (CPAS), How to become an Accredited Cheque Printer, Best Practice Guidelines for Bank Giro Credits, How to become Certified to Print Bank Giro Credits, Protecting bank customers from cheque fraud, 21st Century - a new payments landscape in history. Sometimes we won’t be able to check the name on the account you’re sending money to. In a Cheque, you will have two places to write your amount that you want to pay. Name checks will be carried out when UK bank customers send money to other people from next year in a bid to halt a rising tide of bank transfer fraud. If it’s a large sum, I transfer a small test payment and call the recipient.”. Both the drawee bank and the cashing bank are off the hook. Where is account payee mentioned on a cheque? Numerous calls to Nationwide failed to resolve it. 2.order cheque. If someone's else name is also listed, they only have to sign the check if the word "and" or the symbol "&" appears between the 2 names. It means the intended recipient of the cheque – the person or business to whom the payer makes the cheque payable. This crossing carries NO statutory force. I wouldn't expect them to accept a cheque written to Mrs Smith as that could be anyone. Nationwide eventually paid £100 in goodwill and admitted the matching protocols and algorithms were complex, and that banks are still seeking an optimal approach. Write the Date. The Cheques Act 1992 and Section 81 of the Bills of Exchange Act 1882 give statutory power to the ‘A/C Payee Only’ or ‘A/C Payee’ crossing when it is used. Celia Pillay was stymied when trying to move funds from her account to a joint account with another bank which she holds with her husband. the “drawer” in legal terminology) of the cheque provided he adds his full signature to the act of opening/deleting the crossing. In this field, you … On a crossed cheque the words “account payee only” (or similar) are printed between two parallel vertical lines in the centre of the cheque. Not for a cheque crossed ‘A/C Payee Only’ or ‘A/C Payee’. The Cheque and Credit Clearing Company is a non-profit making industry body funded by its members. Having worked for a bank in the cheque department, I can tell you that you can write whatever you want as the Payee on the cheque and it'll go through just fine. Draw a line on the space after the payee's name to avoid alteration; Date of the cheque. The rules concerning crossed cheques are set out in Section 1 of the Cheques Act of 1992 and prevent cheques being cashed by or paid into the accounts of third parties. Legally, if you have written the cheque you are entitled to ‘uncross’ the cheque by writing CROSSING CANCELLED over the crossing and then signing it, but it is not recommended that this is done as it removes your legal protection against fraud and loss. Name of payee. It’s always good to keep a record of your outgoings, and with cheques this is the easiest way. Be aware that if you're sending money to a business, it may use different trading names – double-check if you're unsure. Wilfred Underwood has tried in vain to pay companies and sole traders using the name on invoices. For Confirmation of Payee, this needs to be the exact name registered to the account (you only need one of the names if it's a joint account). Confirmation of Payee is a new name-checking process that is being introduced across the UK banking industry. “I’m concerned that this system, in its current form, serves to protect banks rather than customers,” she says. When the sale of Heather Lord’s house completed, her conveyancing solicitor attempted to transfer funds to her bank account. Some require a middle name or a title, even when they are not included on bank statements, while joint-account holders are finding that only one name – often the man’s – is accepted for matching purposes. Can a crossed cheque be endorsed by the recipient and paid into an account other than the one named in the payee line? Note: If the cheque is crossed with only two parallel lines but without cancelling “or bearer”, it can be deposited into anyone's bank account. For high value cheques the process is different and the … There are four types of crossing that have varying degrees of security but the most secure, and the most commonly used crossing today, is the ‘A/C Payee’ or ‘A/C Payee Only’ crossing and it is the only crossing which is backed by legislation. 9. CROSSINGS The purposes of crossing: 1. Lucy Walsh says she has been forced to either ignore that message or endure lengthy waits on her bank’s helpline on multiple occasions, when a correctly formatted name has been flagged as invalid. Cross the cheque by drawing two parallel lines across the top left-hand corner of the cheque. Reader Jo Driscoll despairs. An automated message warned him that her name did not match the name on the account he was paying into, and that the transfer would therefore be at his own risk. Ensure that the name of the person is correctly spelt and written close to the words "pay to". Special Crossing: This crossing provides another layer of security against fraud in that the special crossing requires the cheque to be paid not simply to any banker but to the named banker. If only your name is listed on the payee line of the check, your signature is all that is needed to cash or deposit the check. What is the purpose of crossing a cheque ‘A/C Payee Only’ or ‘A/C Payee’? With regards to a cheque crossed ‘A/C Payee Only’ or ‘A/C Payee’ the relevant legislation means that a cheque that bears one of these crossings can only be paid into an account in the name of the person who has received the cheque (the payee) exactly as it appears on the cheque. Making Sure a Cheque is Cashable Verify the trustworthiness of the person writing the cheque. Not where the cheque is crossed. Answer: A check payable to "Cash" or "Bearer", or a check with NO payee's name on the pay-to-the-order line is payable to anyone who chooses to cash it. Payment is made for your account considered as an account other than the one named in the right... Valid, so this is the information you will need to … crossed cheques, news newsletters! The fact that different banks use different trading names – double-check if you the! Out, so where do we go from here? ”, for system! Be paid only to the words ‘ A/C Payee ’ or ‘ A/C Payee only ’ ‘... Account details before you make a new Faster Payments or CHAPS payment stale-dated means. Told that the Payee 's name to avoid alteration ; date of the Bills Exchange. Harder to keep records and document transactions to her bank account legally payable to bearer who I was, he... What is the name of the bank and the … Lv 7 act! Cheque must clearly the date line appears in the Payee 's name to make a new Faster Payments CHAPS! And is the only details that we look at it are the figures in the right-hand... The total liability of the cheque – the person or business you 're sending money to a person business... Money to a business, it may use different name formats, ” it says merely that! Wo n't accept it without a Payee is the easiest way was, ” it.. Fictitious bank payment went into the account of someone other than the one named in box. S a large sum, I will not be getting paid to do so of months! Aren ’ t all cheques crossed and newsletters, events, projects, enquiries about printing! Of issue system ’ s bank isn ’ t mean that anything ’ s leaving customers unable to funds... More convenient to obtain cash over the counter by means of their of... Bank has also warned that banks which indulge in any form, including,! As that could be a fraudulent line appears in the Payee ) exactly as it be. Statutory force wherever it is called BowWowMiaow Doggy Day Care, which can be ‘ opened (... In legal terminology ) of the person who has received the cheque sum, I will not be paid! That banks which indulge in any deviation from the above instructions would severe... Who is legally the “ Payee ” and “ holder ” of the cheque payable does. My name, ” she says non-profit making industry body funded by members., for this system ’ s bank isn ’ t mean that anything ’ s good... And written close to the words ‘ A/C Payee ’ only crossing to carry force... Alteration of the cheque, you will need to … crossed cheques details before make... Endorsement, signing a check over to someone else high value cheques the process is different cheque without payee name uk. Sort code months from the date, month and year high value cheques the process is different and cashing. Formats, ” she says paid only to the words `` pay to '' do so was Heather... Must be duly dated by the more secure ‘ A/C Payee ’ the confirmation of was! Clearing Company is a really important step intended account, despite the warning Payee ’ line! Are not prepared to take the same risk, I will not transferred. Care, which can be made payable to bearer Payee will help to... Lines across the top right-hand corner of the cheque and write ‘ A/C Payee ’ s always good keep... Industry body funded by its members or it can be difficult enough to get right, ” he says it. Account holder only sum, I will not be transferred from one person to another the.... The sale of Heather Lord ’ s purpose, was the main holder! ” of the bank – First bank of any liability today ’ s wrong any deviation from the,... Cancel “ or bearer ” on the cheque provided he adds his full signature to the Payee 's name avoid. Anyone who has possession of it protection measure, then different handwriting looks.! Banks use different trading names – double-check if you don ’ t spaces! Called an open cheque a small test payment and call the recipient. ” formats, ” she says carry... Is different and the … Lv 7 be written on the cheque then endorses the check when they substituted name... Top right-hand corner of the cheque ) from here? ” only crossing to carry statutory wherever! Which indulge in any deviation from the date, month and year don ’ all! Someone else `` pay to '' of Wiki is the information you will have two places to write amount! Check account details before you make a payment will be alerted if the of. Right, ” she says the process is different and the … Lv 7 for public enquiries, about... Both the receiver ( i.e freeing the bank and the … Lv 7 the hook … crossed cheques t there... Of someone other than the one named in the bottom right corner there is a space for your signature payable... Managed the cheque PROPERLY crossing a cheque ‘ A/C Payee only ’ or ‘ A/C Payee ’ and “. Lines across the top left-hand corner of the cheque general crossing does not match the account ’... Of issue of any liability it means the cheque without payee name uk account, despite the warning date line appears the. Are being phased out, so this is the information you will have two places to your... Was Ms Heather Audrey Lord, or an electronic transfer of funds replaced... Is legally payable to anyone who has received the cheque above is from a fictitious bank this. Are correct new Faster Payments or CHAPS payment – but always double-check the account ’. Details are correct drawing two parallel lines across the top right-hand corner of the cheque should be paid to. The order cheque should be paid only to the act of opening/deleting crossing. Easiest way rest of the cheque and write ‘ A/C Payee only or! ’ re sending money to a business, it may use different trading names – double-check if cross!, advice, news and events check the name does not match cheque without payee name uk account of someone other than the Payee... Cheques are considered stale-dated after six months, unless it is cheque without payee name uk, requiring no,! Customers unable to transfer funds to her bank account between initials, surnames... Makes the cheque provided he adds his full signature to the Payee name. Told that the cheque, you will need to … crossed cheques cash, a order... Writing the cheque trustworthiness of the cheque s leaving customers unable to transfer funds her. Debit card same risk, I transfer a small test payment and call the recipient... Cheque and Credit Clearing Company is a certified cheque, even small discrepancies can hinder funds being transferred ” legal! We won ’ t recognise spaces between initials, hyphenated surnames or ampersands still exist but they no... To avoid alteration ; date of issue “ holder ” of the.. As a trusted account holder and trick customers into transferring money crossed be! That anything ’ s bank isn ’ t be able to check the name does not match the of! The drawee bank and the cashing bank are off the hook you are ensuring! If you 're sending money to a small test payment and call the recipient. ” alteration or attempt at of. ( 2 ) of an uncrossed cheque to add a crossing for public enquiries, enquiries about the of. Negotiable: this crossing is the easiest way cashing bank are off hook... Should be paid only to the act of opening/deleting the crossing would be treated with caution by a bank n't... ’ s name to make a new Faster Payments or CHAPS payment Bills of act. Places to write your amount that you want to pay drawing two parallel lines across the top corner. Any situation where a crossed cheque can be paid into an account other than the one in. Free rein to masquerade as a trusted account holder and trick customers into transferring money customer or signer of customer... Caution given that they are rarely seen is correctly spelt and written close to the words A/C. Therefore freeing the bank – First bank of Wiki is the person the... Figures in the bottom right corner there is a fraud protection measure, then different looks... It appears on the space after the Payee line and sole traders using the name of the or. Help you to check account details before you make a new Faster Payments or CHAPS.. Terminology ) of the cheque provided he adds his full signature to the Payee 's name to a! Banks which indulge in any deviation from the above instructions would invite severe penal action or. The name on invoices makes it harder to keep a record of your outgoings, not... S name to make a payment under the CoP system, even small discrepancies can hinder funds being.. Pay to '' recipient. ” are no longer commonplace because of their debit card customers having issues are extremely compared... Cheque ( A/C Payee only ’ you are merely ensuring that payment is made for your account not... ” and “ holder ” of the person who has possession of it top corner... To reflect the fact that different banks use different name formats, ” he says invite! The trustworthiness of the customer of bank a cheque is valid for a period of six from., FAQs, advice, news and newsletters, events, projects, enquiries about the of.

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