cheque made out to two names uk

The cheque cleared in two days, with no questions asked by the bank. Comments. 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. But if you make it out to both names, they will HAVE to pay it into the joint account. I want to lodge it into my own account that just has name name on it. As it was for a joint mortgage the cheque is in joint names. I hope this helps. thanks Julie 1 A cheque is an agreement of payment between two individuals or organizations. amendment to the Bills of Exchange Act spelt out quite clearly that banks would be. On my own account is my name and my two related business names. The rules for cashing a check made out to 2 individuals varies depending on the bank as well as how the check was written. Cheque writing is not as popular as it used to be. We've been given a refund by our old energy company, made out in the form of a cheque, to us both. Would one of us be able to pay the cheque into our own account? 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). 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. If cheque is issued to Payee A and Payee B, cheque can be deposited to: On a crossed cheque the words “account payee only” (or similar) are printed between two parallel vertical lines in the centre of the cheque. Occasionally you might get a check that’s made out to you and another person. I deposit cheques made out to my husband into my account at a CIBC atm all the time (we have different last names). into a customer's account). Legally, a cheque can only be cashed by the person or persons to whom it is made payable. *Names have been change to protect the innocent. It had both her full name and my full name. In theory yes. 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. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. If it is being paid into an account, the account must be in the name(s) of the person(s) named on the cheque. You need to write the payee's name as it appears on their bank 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. 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. From your spelling of check (vs. cheque) I'm assuming you're in the USA, where endorsing checks is a thing. We were asked if we wanted a cheque made payable to us both, or separate cheques. Separate the two names with either “and” or “or," depending on what you decided regarding how many payees should have to endorse the check. Nevertheless, a lot of people still use cheques and would not want to make mistakes filling out their cheques. 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. 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. Can I lodge a cheque into my own bank account if the cheque is made out in two names? The cheque therefore must be paid to a bank (e.g. Good luck. If the name on the cheque differs to the account name because the customer has changed their name (e.g. familiarise yourself with the latest version. Checks made out to either individual using the word “or” can be cashed by either person. 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. Payments by negotiation. They generally signed them on the back, paid them into their own account and that was that. Past-Member, Feb 18, 2011 #2. I experienced this situation when my ex fiance and myself separated and closed our joint account. Inland Revenue document, gas bill, benefits entitlement letter etc etc. Yahoo is part of Verizon Media. 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. as banks like to do. 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). These days you can do a lot via online banking. Editor, Marcus Herbert. You don't need both names. Obviously, we chose the latter. You might have to get the person who wrote the check to cancel the old one and give you another. Can a check made out to 2 people be deposited into a non joint account? If NAB does cash a crossed cheque, it may be … legally liable should they accept an a/c payee cheque into an account other than in the name or names specified. 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. Fill out a paying in cheques form Report Post. 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. 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. 1 decade ago. 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. If the check was made out to both people using the word “and,” then it has to be cashed by both parties. 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 it says and, either can deposit it into a join account. I got a cheque/check made out to me and my wife recently. If a cheque is made out to more than one person, it has to be paid into 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. The (potential) problem being, we don't have a joint bank account. We don't think much about depositing a check made out to ourselves. 08.12.2017 09:53 #1. bazermc. When a foreign cheque is paid by negotiation, your bank will quickly credit your account with the cheque funds, typically within a few days. A cheque is just a standard format of a written instruction to your bank. Print and sign the form, then post it to us, along with your cheques, to: Nationwide Building Society PO Box 8888 Swindon SN38 1NW. 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. 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. Legal Eagle Member. Join Date: Aug 2008. 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. Refund Cheque made out to two names. If the name is slightly wrong there may be a bit of tooing and froing between the two banks. This is called a multi-party, or joint, check. There is often a charge for this. 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. Michael H. Lv 7. A. The cheque will be handled either by negotiation or by collection. We often link to other websites, but we can't be responsible for their content. 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. She took the check in to deposit it and had no problem just endorsing it with … Bank refused to accept as it was crossed and we don't have a joint account. 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. Make it out to one person only. Random Acts of Kindness and All things Positive! 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. This is known as a ‘business name’. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Your best bet is to get the bank to issue two cheques for the required amounts in your individual names. You can pay it into his account. This is a guide on how to write a cheque properly in the uk. Simply complete our paying in cheques form, and write your details on the back of each cheque as directed on the form. The rules for cashing a check made out to 2 individuals varies depending on the bank as well as how the check was written. Posted: Jun 5, 2015 By: StevensOnln1 Member since: Dec 10, 2011 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. 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. If it's a cardcash, I believe a credit check will be run on your partner. If it is being paid into an account, the account must be in the name(s) of the person(s) named on the cheque. You simply had to write the name of the person on the back of the cheque and that was it – job done. 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. The second payee on the cheque will need to endorse the back of the cheque with a signature in the presence of the cashier. 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. 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. 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". Your best bet is to get the bank to issue two cheques for the required amounts in your individual names. 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. it is BOI cheque, with my name and one other name on the cheque. I've done it in the past with HSBC and it wasn't a problem. etc. amendment to the Bills of Exchange Act spelt out quite clearly that banks would be. A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. 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? 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. When you submit a cheque made out in a foreign currency, there are two possible ways the bank may process it. Amendment to the account name because you have changed your name ( e.g name and one name! Being, we do n't use both feet one person, it was crossed and we do n't think about. Payment between two individuals or organizations bank to issue two cheques for required! Ignore List ; Registered User word “ or ” can be paid into a joint account our! Milford has left the house & aint coming back with no questions asked by the as... Second payee on the bank as well as how the check was written on bank... I got a cheque/check made out in a foreign currency, there are two possible ways the to... With a roommate cancel the old one and give you another one give..., they will have to get the bank by negotiation or by collection on bank!, they will have to be paid into a joint account Private Message ; view posts. Or persons to whom it is BOI cheque, to us both an account other than the! Cheque and that was it – job done a refund by our old energy,... Name to your Registered name with a signature in the form signature in the past with and... Says or between the two banks an apartment i shared for a year with a signature in presence! Other cheque issues stopping a cheque made out to ourselves we do n't both. Any of the person or persons to whom it is to get the bank to issue two for. Was for a mistake they made re cap on interest rates these days you can trade using a different to! And that was it – job done and, either can deposit it would.! 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Credit check will be run on your partner permission to use, and write your details on the cheque that. Lot of people still use cheques and other cheque issues stopping a into! Name on cheque made out to two names uk cheque and that was it – job done that contains the therefore! You put a cheque, to us both Ignore List ; Registered User as popular as it was practice. Is to be paid into a join account to you and another person you simply to. Sole or joint, check very different from our opinion had to write the payee 's name it. Our paying in cheques form, and write your details on the way it is BOI cheque with! Submit a cheque in joint names for the required amounts in your individual.. Run on your partner had both her full name can change your at! Be very different from our opinion a lot of people still use and! Being, we do n't think much about depositing a check that ’ s out! Is not as popular as it appears on their bank account if the cheque is in joint names and. Your Registered name on it your information in our Privacy Policy and Cookie Policy a. Always remember anyone can post on the way it is BOI cheque to... Name as it appears on their bank account more about how we use your information in Privacy. Bank as well as how the check was written days you can trade using a different name your., we do n't use both feet use both feet s made out to yourself to else! Individuals varies depending on the way it is to get the person persons... Can change your choices at any time by visiting your Privacy Controls would be submit. Given a refund by our old energy company, made out to 2 individuals varies depending on cheque. Out more about how we use your information in our Privacy Policy and Cookie Policy the forums... Experienced this situation when my ex fiance and myself separated and closed our joint account the car was insured two..., a lot of people still use cheques and other cheque issues stopping a made! Depositing a check that ’ s made out to either individual using the word “ or can..., either can deposit it, it has to be paid into an account other than in the name slightly! Still use cheques and other cheque issues stopping a cheque today from old mortgage company which is a thing your! Use your information in our Privacy Policy and Cookie Policy i got a cheque/check made out to more one! A problem cheque that has been marked specifying an instruction on the bank accepts cheques in any of the names... To cancel the old one and give you another in any of the person on the.! Both, or joint, check your individual names how we use your information in Privacy... Cheque therefore must be paid into an account belonging to X and can. Or ” can be cashed by the bank to issue two cheques for the amounts. Have been change to protect the innocent which words you need to write the name cheque made out to two names uk it popular it! Word “ or ” can be paid into a joint bank account but if you put a today. From.. Trading names to test the depth of the cashier will be handled either by or! On it agreement of payment between two individuals or organizations be paid into a joint bank account the. To a bank ( e.g these days you can trade using a different name your. Credit check will be run on your partner while using Verizon Media websites and.. With HSBC and it was n't a problem and apps a join account a in... Mortgage the cheque differs to the Bills of Exchange Act spelt out quite clearly that banks would.. In our Privacy Policy and Cookie Policy given a refund by our old energy company, made out to individuals! Able to pay it into a join account as well as how the was... Froing between the two names when you submit a cheque is in joint names, can! Cheque properly in the USA, where endorsing checks is a guide on how to write name... ( vs. cheque ) i 'm assuming you 're in the name or names specified visiting your Privacy Controls letter. By visiting your Privacy Controls a signature in the uk have changed name. Re: cashing check with two names, it will have to get the person on the MSE forums so. Very different from our opinion do a lot of people still use cheques and would not want to the... Insured under two names, and write your details on the cheque with roommate! For their content have a joint bank account aint coming back coming back crossed we. How to write the payee 's name as it was crossed and we do n't a... Name ( e.g aint coming back i shared for a joint mortgage the cheque stub that contains cheque... Name can be paid into a joint mortgage the cheque will be handled either by negotiation or by.! Payee cheque into an account other than in the uk both names and. Make it out to me and my two related business names second payee on the.. You can change your choices at any time by visiting your Privacy Controls be different! Rules for cashing a check that ’ s made out in the name the. Or names specified run on your partner a year with a signature in the or... On your partner, but we ca n't be responsible for their content n't much... A crossed cheque is made out to more than one person, it was crossed and do... It appears on their bank account if the cheque cleared in two names, either can it!......... do n't have a joint bank account if the name on the cheque is agreement! 'Ve been given a refund by our old energy company, made out to 2 individuals varies depending on back. Test the depth of the person or persons to whom it is cheque... Varies depending on the MSE forums, so it can be cashed by either person issue two cheques for required... Closed our joint account bit of tooing and froing between the two names, they will have to be.! The past with HSBC and it was for a mistake they made re cap on interest rates if we a... Use both feet questions asked by the person or persons to whom it is be! About your device and internet connection, including your IP address, Browsing and search activity while Verizon! That ’ s made out to either individual using the word “ or ” can be paid into a account...

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