Cheques

Discussion in 'Sidewinders Bar & Grille' started by s5tuart, Mar 6, 2021.

  1. s5tuart

    s5tuart Perfecting time travel since 2525

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    So I've got a cheque that I need to pay into my bank.
    I've learned that I can just take a photo of it and get it deposited rather have to post it.
    It occurred to me that in the olden days when one paid in a cheque to a bank they would keep it, but now I can just keep it.
    So what's to stop me taking it to the post office and depositing that same "used" cheque into another account?
    Not that I would of course, just curious.
     
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  2. CB91710

    CB91710 No GAS shortage here Double Platinum Supporting Member

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    It would be rejected when the bank ran it through the clearinghouse.
    Could take a week, could take 3 weeks, but they'll charge the account back for it with fees.
     
  3. thomquietwolf

    thomquietwolf Dr. Stratster Silver Member

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    Could be
    The banks are counting on
    You
    Not liking
    Breakfast so thick and sticky
    It
    Won't slide off the plate
    When they turn the plate sideways
    through the bars...
     
  4. Groovey

    Groovey Dr. Stratster

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    The paper trail is now electronic.
     
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  5. Thrup'ny Bit

    Thrup'ny Bit Grand Master Curmudgeon

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    I've had a lot of cheques to pay in over the last year or so, I just went down to the bank like I always did. Much quicker than messing about with new fangled gadgets, I like my 3 day clearance. :D
     
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  6. balston11

    balston11 Senior Stratmaster Silver Member

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    Cheques?? Can't remember the last one I wrote or received including as treasurer for 2 charites and one county organisation. But I used to go to the bank and post them into a machine seemed simple but are banks open? Not been in one for some time now.
     
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  7. Thrup'ny Bit

    Thrup'ny Bit Grand Master Curmudgeon

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    They've been open all the time.
     
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  8. balston11

    balston11 Senior Stratmaster Silver Member

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    I recall that a couple of years ago there was a threat to remove cheques entirely over a period of time. Bit of an outcry resulted in the idea being shelved.
     
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  9. Thrup'ny Bit

    Thrup'ny Bit Grand Master Curmudgeon

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    Insurance and utility companies still pay out with cheques, so do solicitors, banks...
     
  10. s5tuart

    s5tuart Perfecting time travel since 2525

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    and the Lottery! :whistling:
     
  11. stratman323

    stratman323 Dr. Stratster

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    If you can find a bank near you that's open, has staff & will accept cheque deposits, you're lucky. Gradually the banks near me have become totally automated or closed. HSBC spent a fortune getting rid of all their staff & installing several high tech machines to replace the staff they sacked. Within ten years they closed it completely & it's now empty.

    So that sounds like bad news for bank shareholders as well as us mere plebs who simply want to be able to access our own money in our own accounts. :mad:
     
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  12. Thrup'ny Bit

    Thrup'ny Bit Grand Master Curmudgeon

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    I wouldn't know...:(
     
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  13. Believer7713

    Believer7713 The Pink Bunnyman Frankenstein Silver Member

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    I deposit all cheques through my credit union's app by taming a picture and saying which account I want it in. It's pretty instant and I don't have any worry that it went into the wrong account (which I've had happen more than once in person). I would rather deposit a cheque through my phone than cash in person most times.
     
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  14. StratMike10

    StratMike10 Dr. Stratster Gold Supporting Member

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    Agree, this is something I used to see other people do with misgivings, but as of late have been totally on board with it. More than half of my jobs are paid by physical checks, it's crazy when I think how often I used to drive to the bank.
     
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  15. soulman969

    soulman969 Senior Stratmaster

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    It's called "Bank Fraud". ;) LOL
     
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  16. nadzab

    nadzab Play Don't Worry Silver Member

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    Over here insurers are rapidly moving toward EFT and money-transfer apps. DocuSign is being used for releases. Checks and wet signatures are still in use, but I think the end is hull-up on the horizon and getting closer.
     
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  17. Thrup'ny Bit

    Thrup'ny Bit Grand Master Curmudgeon

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    I've used DocuSign to sell a house at auction, because of Covid, but the EFT carried a fee, the cheque didn't, so I took the cheque. :)
     
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  18. LPBlue

    LPBlue "That Guy", again...dammit!

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    Pleased to see that you spelled the word cheque in English and not American.
     
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  19. s5tuart

    s5tuart Perfecting time travel since 2525

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    Aaaaaw! I only said that to wind you up but it clearly didn't work. I guess I'll have to get up earlier in the mornings! :p
     
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  20. Thrup'ny Bit

    Thrup'ny Bit Grand Master Curmudgeon

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    I won a £2.47 once on the Euromillions.
     
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