Cheques .

[dronefromsector7G]

No Nigerian prince requiring funds posts yet. This place is slipping

It'd be deleted

 

[calum down]

i never have any trouble cashing a cheque with my tailor, if that helps.

 

[yeseye]

Do they take a cut them places? I always wondered how it worked. I think I've only had one cheque on about 15 years

There wouldn't be much point in them not taking a cut now, would there?

 

[The Northern Baptist]

Advise please , a friend of mine needs to cash a cheque .

If she puts the cheque in her own bank account the money will get used by the bank to reduce her overdraft .

Does she have any other options ? As she needs some ready,s .

Advise please so that i can pass on to her and thank you in advance .

Why doesn't see just open another account at another bank and pay it in there?

 

[Crouchinho]

There wouldn't be much point in them not taking a cut now, would there?

I have No idea how it works. Wishful think I guess. Last time I went to the bank I got the money instantly but if I put it on the machine it would take 3 days they said

 

[Barcon]

Do they take a cut them places? I always wondered how it worked. I think I've only had one cheque on about 15 years

I'm talking about the bank. You can cash a cheque against your visa and they give you the cash. It never enters your account and the visa card is used in case it bounces.
Came in handy when I was working under the table years ago.

 

[Raheem's On Fire]

I'm talking about the bank. You can cash a cheque against your visa and they give you the cash. It never enters your account and the visa card is used in case it bounces.
Came in handy when I was working under the table years ago.

As in your Credit Card Visa??

 

[Barcon]

As in your Credit Card Visa??

Yes mate.

 

[denislawsbackheel]

How do cheque cashing places get round the requirement for a crossed cheque to be paid into the named recipient's account?

 

[Bozzie]

How do cheque cashing places get round the requirement for a crossed cheque to be paid into the named recipient's account?

They have an agreement with their bank to accept them. As an 'industry' it's pretty much dead, many of the banks won't allow companies access to that facility anymore because of the constantly evolving money laundering regulations. Everything requires extra compliance (for both cheque cashier and bank) and therefore extra costs and, because margins are so tight, any losses are really damaging. For the OP, a lot will depend on who the payee is, person to person cheques or business to business cheques won't be considered and fees may be dependent on the risk involved.