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i have a cheque made out to my name.
can i go into the issuing bank with id and cash the cheque?
that your final answer?
what's a crossed cheque?
with a diagonal line crossed across it.
why do you cross a cheque?
i don't cross cheques.
tell him he's a slovakian.
probably comes with a pre-crossed cheque
it means it's cashable by the payee only - the person it's made out to.
"^ Although cheques are regulated in most countries as negotiable instruments, in many countries they are not actually negotiable, viz., the payee cannot endorse the cheque in favour of a third party. Payers could usually designate a cheque as being paying to a named payee only by "crossing" the cheque, thereby designating it as account payee only, but in an effort to combat financial crime, many countries have provided by a combination of law and regulation that all cheques should be treated as crossed, or account payee only, and are not negotiable."
in this day and age of instant global communication, that a cheque still takes 5ish days to clear?
banks have until now got away this the scam of keeping your interest for five days. Simple.
according to their adverts
but then the interest is so bad, you're better off with a different account anyway.
also, although you're getting interest you still cant get at the money.
i asked her what my interest rate was at the moment.
she said there wasnt one.
no interest then.
lloyds current account interest is shit. 0.6APR or something. but it's a current account, interest really doesn't matter - that's what savings accounts are for
physically shuffle the cheque itself around to the necessary places.
the correct question is: why is it in this day in age of instant global communication, are cheques even used?
in the post to pay my gas bill, and i can't be arsed to sign up for their stupid website.
use yr debit card to pay over the phone? i dun that with london energy or edf energy or whatever they're called
you need your card
or just your bumhole if you prefer
when can you pick me up?
when you pay in a cheque, yoru internet back account will tell you youre rich, but the cash machine will tell you to go fuck yourself.
or at least it did when i cashed a 2 grand cheque when i was penniless.
I wish I understood the concept of money. It seems so complicated, I thought it used to be simple money was a certificate that could be exchanged for it's worth in silver/gold (or was that just america) but now it is not, and banks can lend 8times the money they actualy have because they know that not everyone will take their money out at once, but what if they did, and interest and inflation. I don't get it, I got 5% in my economics exam :(
that something so fundamental in the modern world doesn't actually exist, but is merely an idea, is terrifying.
If I had my way I'd barter with chickens and coils of rope, like in the good old days.
can only lend the money they have.
it's the amount they have to keep in reserve that is less than the amount they lend out.
the gold standard doesnt make much sense either: what would be the point in exchanging your notes for gold? that's not gonna feed you if you're starving.
and then eat it, or use it to decorate a cake/flake into champagne
a Banker's Draft or Building Society Cheque.
One of my friends bought a coat in Topshop...SIX MONTHS LATER they took the money out of her account and made her overdrawn (she wouldn't have been if they'd done it at the time).
The bank lectured her on being bad with money.
Banks == UTTER CUNTS!