I get paid cheques for refereeing football all the time.
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My sons still get birthday cheques from their Auntie. That’s about it.
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Royal Mail lost my package, so I claimed for it. They sent me the compensation in cheque form. I haven’t even seen a check for about 5 years now… Thankfully, Monzo makes it easy for me to deposit the cheque via my phone.
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Good luck!
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Not sure how it scales, but they asked me for proof of purchase and value, and they refunded the full amount (item cost + postage).
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I recently found a bankers draft from Halifax for the princely sum of 31p, which I clearly didn’t think was worth a trip to the bank when I got it in 2011. I didn’t try it with Monzo (as it was slightly over 6 months old), but thought I’d give it a go on the Bank of Scotland app, and was slightly surprised that it cleared.
Trebles all round!
2011? Monzo didn’t exist then, it was only founded in 2015, so your bankers draft was a lot older than 6 months.
They said they didn’t try it with Monzo because it was “slightly over 6 months old”. 2011 is 13 years ago, and when Monzo started the Bankers draft was already 4 years old.
I was employing a wee bit of poetic licence!
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The in-app paying in of a cheque is a great (new to me) feature. It was easy to do and follow. However, the instructions are not correct imo.
There is a checklist of actions and then you photograph the front of your cheque and are then asked to photograph the back. The back will have nothing on it. There were no instruction to write anything on the back. I suggest you could add this to the check list before the camera app opens. Presumably it is your name, sort code and bank account (like when posting in a cheque?)
If there’s no instructions to write on the back of the cheque, then you shouldn’t need to write anything?
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No, you just photo the back of the cheque, blank or not.
Also make sure it is detached from any letter as photo has to show all four corners for some reason.
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Not all cheques are the same, some do have markings on the reverse side, or some do have endorsements on.
So regardless of if your one is blank or not, they still require the reverse side.
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Not cashed many cheques in my life, but they have nearly always been blank on the back and been deposited with no issues.
Taking a photo of the back helps with endorsment (if required), checking for tampering, and ensuring the cheques haven’t been voided or cancelled*.
(According to ChatGPT)
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We all agree you need a photo of the back, but you don’t need to write your account details on the back unless you’re posting it.
The reason for photographing the back of the cheque is historical.
Bear in mind that cheques are basically IOUs, and have been around for a long time - long before it was common for everyone to have a bank account.
This meant that cheques needed to be transferable and the way to transfer a cheque to someone else was to write an endorsement on the back along the lines of “Pay to the order of J Bloggs” so I suppose they still need to see the back of the cheque to look for any endorsements.
It’s not the most secure thing in the world because it would be trivially easy to photograph the back of a different cheque, but I guess that the system requires it, so it has to be done.
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Remembering my old Law Relating to Banking studies a cheque is in fact a Bill of Exchange. My AI offering states the following:
A cheque is a written order to a bank to pay a specific amount of money to a named person or organisation. It is a type of bill of exchange that is payable on demand.
Before digital card machines, people used to have ‘cheque guarantee cards’ and you would write the long number and expiry on the back of the cheque when they chose to pay by that method so that you knew that the bank would pay.
When cheque guarantee cards originated, shops etc would write the actual cheque card no which wasn’t the long number in order to guarantee the cheque. The cheque card number was along the bottom of the card (see photo). Maybe when they became dual purpose, namely cheque guarantee cards and debitcards then the long number may have been recorded but if I remember correctly, it was the cheque card number that was always used to guarantee the cheque.
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Yeah maybe. I worked in my grandparents shop as a teenager so 30 years ago, just remember having to do this and also the paper credit card machines.
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