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Cheque Guarantee Cards
- Thread starter gjh1971
- Start date
BensGrandad
New member
A few years ago, about 15, I had 2 or 3 cheques bounce with a guarantee card and the bank wouldnt pay out. They said the guarantee was only enforceable if there was sufficient funds in the account. So I stopped taking cheques, there and then. I thought the idea was that they guaranteed that the cheques would be met by either the account holder or the bank but apparently that was not so.
They guaranteed a cheque up to the value of 50 or 100, depending on your card I think. Any more, and the guarantee was not enforced.
Poyetry In Motion
Pooetry Motions
A friend of mine is a bank manager and he told me a few months ago that cheques are still going to be around for the next 5 - 10 years. Making CGC obsolete suggests that he was taking out of his arse!
BensGrandad
New member
Not true. Barclays refused them because they were consecutive numbered cheques of less than £50 and apprently the small print said that the guarantee didnt cover consecutive cheques. At the time we had a pub near St Lukes hospital and changed cheques for the trainee nurses who came into the pub bought a drink and or meal having changed a cheqiue. ATM were not so prominent then. We actually got over it when we wanted to by only presenting alternate numbered cheques ie number 1 and 3 when cleared I presented 2 and 4 for payment this was circumvent the rules of the banks on theses cards, which most people were unaware of and thought the same as simister.
seagullsovergrimsby
#cpfctinpotclub
Cheques are now backed up with valid debit or credit card details written on the back of them. I did have a £50 cheque guarantee card between 1980 and 1983 until National Girobank migrated customers over to a debit card which was basically an automatic cheque payment system in those days. In 31 years I've written 2,559 cheques.
wakeytom
New member
They will be around, the Cheque guarantee system will no longer be valid, but most that are written do not use the system. When your Gran for instance sends you a Cheque for your birthday it will not be guaranteed, but it does not stop her sending it.
Robot Chicken
Seriously?
I use cheques regularly. I'll be continuing to use cheques and I can't imagine stopping using cheques any time soon.
seagullsovergrimsby
#cpfctinpotclub
The supermarket chains when they took cheques over the guarantee limit had a way around it , 2nd proof of identity (e.g. driving licence details written on back of cheque) and a phone call to the bank's call centre to obtain an authorisation code.
BensGrandad
New member
More and more companies especially supermarkets are stopping or have stopped accepting cheques.
seagullsovergrimsby
#cpfctinpotclub
AFAIK all the major supermarkets stopped taking cheques about 3 years ago. The only cheques I write nowadays are for young relatives birthdays and an odd one here or there where a cheque is preferred to a card payment (cheaper to take a cheque than hire a chip and pin machine and the deductions for processing for some small businesses)
BensGrandad
New member
Cant remembner the last time I wrote a cheque but this was discussed on the Danny Pike showa couple of weeks ago and the majority of people writing cheques was for services in the home like self employed builders and small businesses., mostly by the older generation.
Cian
Well-known member
I have NEVER written a cheque in my life. Might receive three or four a year - my tax rebate, winnings on the local football club lotto or the like; but I've not had the need to write one ever.
My bank has sent me a cheque book on at least three occasions (obviously hoping I'll never use it and they get to keep the stamp duty but I've dumped them back in to the branch); and my credit card statement has come with a few every so often as well so they definitely seem to want me to start!
Work however take probably 3/4 of all payments by cheque still, new sales and support contracts.
My bank has sent me a cheque book on at least three occasions (obviously hoping I'll never use it and they get to keep the stamp duty but I've dumped them back in to the branch); and my credit card statement has come with a few every so often as well so they definitely seem to want me to start!
Work however take probably 3/4 of all payments by cheque still, new sales and support contracts.
BensGrandad
New member
On the news this evening plans are afoot to make surcharges for using cards illegal. They put most empasis on Ryan Air as the prime example of doing this but I think most companies do it.
seagullsovergrimsby
#cpfctinpotclub
RyanAir will get some of the money back by charging £2 to use the onboard toilet , once inside the cubicle you have a 3 minute time limit , pay an extra £2 for a pack of toilet tissue from the machine on the wall and stick another £1 into a slot by the washbasin for soap and water to be dispensed. Just make sure you haven't used all the toilet paper to wipe your arse as you'll need a couple of sheets to dry your hands.
Arkwright
Arkwright
I run a small village Post Office and we have been instructed no cheques from the 1st July for 90% of transactions. Business cheques with prior authority are still allowed. Looks like the banks want to close the Cheque Clearing Centres.
Just as an aside why are debits on cards taken from your account the same / next day and yet Barclay Card credits take 2 / 3 days to be credited?
Just as an aside why are debits on cards taken from your account the same / next day and yet Barclay Card credits take 2 / 3 days to be credited?
seagullsovergrimsby
#cpfctinpotclub
The supermarkets had the same policy on Business cheques for a very short while after not accepting personal cheques but timed it so the period for prior authority ran out before businesses could organise an arrangement. I wonder if they did this to cover themselves on a legal issue.
Cian
Well-known member
RyanAir will get some of the money back by charging £2 to use the onboard toilet , once inside the cubicle you have a 3 minute time limit , pay an extra £2 for a pack of toilet tissue from the machine on the wall and stick another £1 into a slot by the washbasin for soap and water to be dispensed. Just make sure you haven't used all the toilet paper to wipe your arse as you'll need a couple of sheets to dry your hands.
IAA have told them where to get off with that idea, ditto removing two toilets and only having one as they requested.
pasty
A different kind of pasty
Years ago when I was in the RAF (mid-80's) I used to be able to use my RAF ID card to guarantee cheques up to £50! The clerk just used to have write my service number on the back. Don't know if that's still the case? Anyone still in the forces know?
Nowadays, I don't even know where my cheque book is!
Nowadays, I don't even know where my cheque book is!