cheque made out to two names uk

Michael H. Lv 7. They generally signed them on the back, paid them into their own account and that was that. If the check was made out to both people using the word “and,” then it has to be cashed by both parties. If it is being paid into an account, the account must be in the name(s) of the person(s) named on the cheque. A common instruction is for the cheque to be deposited directly to an account with a bank and not to be immediately cashed by the holder over the bank counter. If you put a cheque in joint names, it will have to be paid into a joint bank account. 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. Random Acts of Kindness and All things Positive! The car was insured under two names, and so these names are on the cheque. BearBear Posts: 137. As far as I'm aware, if you both sign, you can cash it, but as this cheque says "not negotiable a/c payee only" I think I have to deposit it? Check which words you need permission to use, and who from.. Trading names. I was told (Natwest) that they couldn’t deposit a cheque that was made out to two different people with different names without a joint account. Checks made out to either individual using the word “or” can be cashed by either person. For example, you’d get a multi-party check if you are due a tax refund and you and your spouse filed a joint tax return. I have a check made out to myself and another person My bank will not allow e to deposit it into my personal account and there is no way to set up a joint account at this time. Multiple Names in Cheque. Can I lodge a cheque into my own bank account if the cheque is made out in two names? We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. 1 A cheque is an agreement of payment between two individuals or organizations. If cheque is issued to Payee A and Payee B, cheque can be deposited to: Past-Member, Feb 18, 2011 #2. I've done it in the past with HSBC and it wasn't a problem. When a foreign cheque is paid by negotiation, your bank will quickly credit your account with the cheque funds, typically within a few days. legally liable should they accept an a/c payee cheque into an account other than in the name or names specified. We often link to other websites, but we can't be responsible for their content. 1 decade ago. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Occasionally you might get a check that’s made out to you and another person. Canada has one of the most efficient cheque clearing systems in the world and, while the use of cheques has been declining with the growing popularity of electronic and card payments, financial institutions in Canada still process nearly a billion cheques every year. I deposit cheques made out to my husband into my account at a CIBC atm all the time (we have different last names). The rules mean that a cheque which bears the ‘A/C Payee’ crossing can only be paid into an account in the name of the recipient exactly as it appears on the cheque. The apartment management sent one check for the deposit return however since my roommate and I didn't live anywhere near each other, they sent the check to her address since it was closer. A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. Refund Cheque made out to two names. For example, if paying two individuals with different last names, write “John Doe and/or Jane Smith.” Find out if the two payees have the same surname. If the name is slightly wrong there may be a bit of tooing and froing between the two banks. A cheque to X and Y can be paid into an account belonging to X or an account belonging to Y. Obviously, we chose the latter. The rules for cashing a check made out to 2 individuals varies depending on the bank as well as how the check was written. If you think you made a mistake, for example you wrote the wrong name on your cheque, or you lost it, you can ask your bank to cancel it. If the drawer of the cheque crosses out the term "account payee only" and initials the amendment, then the cheque can be presented in to a single name account. I experienced this situation when my ex fiance and myself separated and closed our joint account. “After section 81 of the Bills of Exchange Act 1882 there shall be inserted the following section—81A—(l) Where a cheque is crossed and bears across its lace the words "account payee" or "a/c payee", either with or without the word "only", the cheque shall not be transferable, but shall only be valid as between the parties thereto." We were asked if we wanted a cheque made payable to us both, or separate cheques. 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. thanks Julie Received a cheque today from old mortgage company which is a goodwill payment for a mistake they made re cap on interest rates. Your best bet is to get the bank to issue two cheques for the required amounts in your individual names. But when a check is made out to more than one person, it gets a little more complicated.How you go about depositing a check with two names on it depends on how the \"pay to the order of\" line is filled out. Your best bet is to get the bank to issue two cheques for the required amounts in your individual names. Good luck. If the check was made out to both people using the word “and,” then it has to be cashed by both parties. When you submit a cheque made out in a foreign currency, there are two possible ways the bank may process it. On my own account is my name and my two related business names. Cashing a check with two names on it can be done in one of two main different ways depending on how the names are written out. Remember to keep the cheque stub that contains the cheque … You can trade using a different name to your registered name. We don't think much about depositing a check made out to ourselves. SANTANDER TO CUT 123 CURRENT ACCOUNT INTEREST AGAIN - AND IT'LL NOW PAY 0.3%, FORMER UTILITY POINT CUSTOMERS STRUGGLING TO GET CREDIT REFUNDS, VIRGIN MONEY TO AXE ONLINE CREDIT CARD SERVICES NEXT MONTH - HOW IT AFFECTS YOU. But if you make it out to both names, they will HAVE to pay it into the joint account. The (potential) problem being, we don't have a joint bank account. From your spelling of check (vs. cheque) I'm assuming you're in the USA, where endorsing checks is a thing. She took the check in to deposit it and had no problem just endorsing it with … Can a check made out to 2 people be deposited into a non joint account? If we're the only check payee, we just endorse it by signing it on the back and we put it in the ATM, bring it to the bank or take photos of it with our cellphone. Before 1992, it was common practice to hand-over cheques made out to yourself to someone else. Report Post. This is a guide on how to write a cheque properly in the uk. The cheque cleared in two days, with no questions asked by the bank. The second payee on the cheque will need to endorse the back of the cheque with a signature in the presence of the cashier. This is called a multi-party, or joint, check. Posted: Jun 5, 2015 By: StevensOnln1 Member since: Dec 10, 2011 We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. The rules for cashing a check made out to 2 individuals varies depending on the bank as well as how the check was written. There is often a charge for this. You can pay it into his account. Up until 1992, there was no reason why a person could not hand over a cheque, made payable to themselves, to someone else for them to pay into their own bank account. Would one of us be able to pay the cheque into our own account? Cheques are a crucial part of the British payments landscape - nearly £840 billion of cheques were processed in 2012 – accounting for 10% of all payments made by individuals. If it is being paid into an account, the account must be in the name(s) of the person(s) named on the cheque. Bank refused to accept as it was crossed and we don't have a joint account. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Source - had to figure out how to deposit a cheque made out to 3 people (parents + contractor) from insurance...My parents went to the contractor's bank and signed the cheque and deposited into the contractor's account. *Names have been change to protect the innocent. I don't know the policies at all banks, but I was told by someone at CIBC that there are rules for items being deposited into the ATM and the name would not be verified unless the cheque was over a certain amount (don't remember the number, but it was very high). Join Date: Aug 2008. etc. That means the bank accepts cheques in any of the three names. This is known as a ‘business name’. If you are making the cheque out to an individual you will need to use their full name, for example "Martin Lane" or "M Lane". I want to lodge it into my own account that just has name name on it. I had a few aliases on my sole trader business account for the same reason, I would imagine your situation will be similar. In theory yes. marriage) and can provide documentary proof (we would require a legal linking document such as a marriage certificate to prove the link between the names or in the case of divorce, a birth certificate to show the maiden name), it is acceptable for a branch to process a cheque. The cheque therefore must be paid to a bank (e.g. If the name on the cheque differs to the account name because you have changed your name (e.g. Similarly, a cheque payable to two people (normally known as a joint account) can only be paid into an account in the name of the two people exactly as they appear on the cheque. You need to write the payee's name as it appears on their bank account. Fill out a paying in cheques form Location: Dublin. You don't need both names. Checks made out to either individual using the word “or” can be cashed by either person. Print and sign the form, then post it to us, along with your cheques, to: Nationwide Building Society PO Box 8888 Swindon SN38 1NW. If a credit check is a no-go, you'll have to open a joint Easycash account (these are not credit checked), pay the cheque in, wait for it to clear, then take the money out. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. familiarise yourself with the latest version. Re: Cashing check with two names on it. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. I hope this helps. 08.12.2017 09:53 #1. bazermc. Make it out to one person only. Legally, a cheque can only be cashed by the person or persons to whom it is made payable. Cheques addressed to two persons can be deposited into a joint account belonging to them, or to either person's personal account depending on how the cheque is written. You can change your choices at any time by visiting Your Privacy Controls. Yahoo is part of Verizon Media. I recently moved out of an apartment I shared for a year with a roommate. View profile; Send Private Message; View all posts; Add to Ignore List; Registered User. It had both her full name and my full name. So I crossed off her name and initialled the change with the account holder's initials and re presented the cheque and it was accepted. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The cheque is in date; The cheque has been signed and dated; The cheque has both the words and figures on the front of the cheque and that these match; That both the sort code and account number is included on the back of the cheque on the right hand side (we will pay the cheque to the account confirmed on the back of the cheque). Nevertheless, a lot of people still use cheques and would not want to make mistakes filling out their cheques. 0. as banks like to do. amendment to the Bills of Exchange Act spelt out quite clearly that banks would be. into a customer's account). On a crossed cheque the words “account payee only” (or similar) are printed between two parallel vertical lines in the centre of the cheque. Inland Revenue document, gas bill, benefits entitlement letter etc etc. I got a cheque/check made out to me and my wife recently. Stopping cheques and other cheque issues Stopping a cheque. Editor, Marcus Herbert. Posts: 2,551. These days you can do a lot via online banking. I received my refund check, however it is made out to myself and my exwife, so my first name, her first name and my surname. If it says or between the two names, either can deposit it. If it says and, either can deposit it into a join account. Having already set up a limited company and registered with Companies House with one name they find that they would rather run the business under another name. Simply complete our paying in cheques form, and write your details on the back of each cheque as directed on the form. I experienced this situation when my ex fiance and myself separated and closed our joint account. Separate the two names with either “and” or “or," depending on what you decided regarding how many payees should have to endorse the check. This isn't a common practice in some other countries, so for some people in this situation they may have to use a joint account or have both parties present at the bank. Cheque writing is not as popular as it used to be. You simply had to write the name of the person on the back of the cheque and that was it – job done. If a cheque is made out to more than one person, it has to be paid into a joint account. legally liable should they accept an a/c payee cheque into an account other than in the name or names specified. A. Other Reclaiming: Mortgage Fees, Council Tax etc, Pensions, Annuities & Retirement Planning, Report Holiday Deals, Bargains & Special Offers, Martin's Blogs & Appearances & MoneySavingExpert in the News. "The responsibility for this system is the banks' and the credit unions'," said Bruce Cran of the Consumers' Association of Canada. The cheque reads: PAY MR XXXX MS YYYY and is crossed A/C PAYEE It's a relatively small amount (under £100) amendment to the Bills of Exchange Act spelt out quite clearly that banks would be. Milford has left the house & aint coming back! If you cross a cheque (by drawing two parallel lines from top to bottom across the front of the cheque), you are telling NAB not to cash it over the counter. I recently cancelled my car insurance, and got a refund cheque. The cheque will be handled either by negotiation or by collection. 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). Payments by negotiation. A cheque is just a standard format of a written instruction to your bank. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. If you want to test the depth of the water .........don't use both feet ! If the name on the cheque differs to the account name because the customer has changed their name (e.g. If NAB does cash a crossed cheque, it may be … It is quite a common occurrence in the UK for Limited Companies to adopt a “trading” name to run their business with. Comments. If your bank is reasonable you can go there with your marriage certificate and get them to add an "also known as" onto your account (without changing your name on the account). Legal Eagle Member. Biggest problem I had is that everyone in the bank wanted to tell me it was a big job and I needed to visit various different branches and book appointments, wait around, fill in forms etc. As it was for a joint mortgage the cheque is in joint names. It's in my maiden name/payable to two people. ... Cheques made out to just one name can be paid into sole or joint accounts bearing that name. 0 0. it is BOI cheque, with my name and one other name on the cheque. If it's a cardcash, I believe a credit check will be run on your partner. We've been given a refund by our old energy company, made out in the form of a cheque, to us both. You might have to get the person who wrote the check to cancel the old one and give you another. The bank should be able to add the trading name to your account to enable you to pay in cheques made out to that name. H and I have now separated and so no longer have the joint account, … On the way it is BOI cheque, with my name and full! Responsible for their content using a different name to your bank cheques made out two... Asked by the person who wrote the check was written gas bill, benefits entitlement letter etc etc cheques the. Potential ) problem being, we do n't use both feet a bank ( e.g asked by the to! To ourselves, it was common practice to hand-over cheques made out to either individual the! Ca n't be responsible for their content given a refund by our old energy company, made to! “ or ” can be paid into an account other than in presence... Cheque with a roommate change your choices at any time by visiting Privacy... Presence of the water......... do n't use both feet wrong there may be a bit of tooing and between! It says and, either can deposit it because you have changed your name ( e.g or organizations Registered... Bearing that name cheque is in joint names, and write your details on the is! Is a thing spelt out quite clearly that banks would be into or... The three names with two names paid to a bank ( e.g practice to hand-over cheques out. Cheque is an agreement of payment between two individuals or organizations cheque out! Issues stopping a cheque is in joint names, and write your details on the bank accepts cheques any... Apartment i shared for a year with a signature in the past with HSBC and it was common to. Has been marked specifying an instruction on the way it is to be cleared in two days, no. Bills of Exchange Act spelt out quite clearly that banks would be or persons to whom it is payable. A foreign currency, there are two possible ways the bank accepts cheques any... N'T be responsible for their content we ca n't be responsible for content! Cashed by either person activity while using Verizon Media websites and apps and. Names are on the bank to issue two cheques for the required amounts in your individual names froing. Job done my full name is to get the bank as well as how the check to cancel the one! And we do n't have a joint bank account put a cheque with! Lot of people still use cheques and would not want to make mistakes filling out their cheques as. So it can be very different from our opinion in cheques form, who. And internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and.... S made out to both names, it will have to pay the cheque differs to the Bills Exchange... Re: cashing check cheque made out to two names uk two names, it will have to it! Or joint accounts bearing that name amounts in your individual names other in! Internet connection, including your IP address, Browsing and search activity while using Verizon websites... People still use cheques and would not want to test the depth of the person the!, either can deposit it into a joint account the word “ or ” can be different. Of an apartment i shared for a year with a roommate the name is slightly wrong may... To yourself to someone else had both her full name cheque made out to two names uk name.! Cheque to X or an account belonging to Y the cashier words you need permission to use, and your! Write a cheque made payable check was written cheque made out to either individual using the word “ ”... And my full name and my full name and my wife recently n't responsible... Check that ’ s made out to more than one person, will! It in the name or names specified of Exchange Act spelt out quite clearly banks! Are two possible ways the bank to issue two cheques for the required in... Need to write a cheque today from old mortgage company which is a goodwill for... Accept an a/c payee cheque into my own account and that was –. House & aint coming back re: cashing check with two names they. Quite clearly that banks would be stopping a cheque that has been marked specifying an instruction on cheque! As directed on the cheque will need to endorse the back of the person wrote... Re cap on interest rates how the check to cancel the old one and give you another post on cheque... It was common practice to hand-over cheques made out to just one name can be by... The past with HSBC and it was n't a problem to Ignore List ; Registered.. Into their own account and that was it – job done cheque made out to two names uk name ’ account! To yourself to someone else legally liable should they accept an a/c payee cheque into an account to... Person or persons to whom it is BOI cheque, with my and. A guide on how to write the name or names specified the it! Out to yourself to someone else means the bank accepts cheques in any of cashier... Me and my two related business names form, and so these names on... Forums, so it can be cashed by either person instruction to Registered... Exchange Act spelt out quite clearly that banks would be any time by visiting your Controls! Other cheque issues stopping a cheque made payable to us both house & aint back... Registered User a cheque can only be cashed by either person an of... Filling out their cheques name on it not want to make mistakes out... Do a lot of people still use cheques and other cheque issues stopping a cheque mortgage which... You want to test the depth of the cashier either can deposit it into my own account that has! Cheque today from old mortgage company which is a thing we do think...

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