cheque 'guarantee'?

Yes, you've lost £100. Chalk it up to experience, don't do it again, and move on. Seriously.

So does that mean that a guarantee card is effectively useless?

Yes and no.

The "guarantee" works if everything else in respect of the account is in order. However, I have known a bank return "guaranteed" cheques from a long standing and respected customer who then fell on hard times and had his account suspended. So closed accounts, fraud, etc.. You've got no chance.

Furthermore, there's no point in persuing as all that time, energy and money invested as simply being spent to no avail. The police genuinely don't have time to prioritise these things, the courts award judgement against a ghost, etc..

You are talking crap!

A Cheque Guarantee Card is a guarantee from the bank that, provided the cheque has been accepted in accordance with the conditions of that card, the cheque will be honoured.

This applies even if the account is not in good order. That is the whole purpose of the card!

I believe one exception is if the cheque has been part of a larger payment - cheques written in the amount of the maximum might be assumed to be such.

Speak for youself, sunshine.

Yes, but I'm pointing out what *actually* happens, not what's

In fact, it once happened to me, many years ago. Midland Bank (now HSBC) bounced two cheques of mine, Made payable to the Inland Revenue, for £100 each and "guaranteed" with a £100 cheque guarantee card.

Think there must have been other reasons? There were not. I was in debt, the Bank had not requested the return of the guarantee card and I thought I could cover the cheques. I had entered into an "arrangement" to meet HUGE debts and was struggling. This was at the time of the late 80's / early 90's property crash. I ended up owing Midland £49k of negative equity. I paid the Inland boys in cash. The Midland basically said "sue us". The Inland were not best pleased with the Midland either, and made a complaint.

I now have other personal contacts, one of whom is a Bank Manager, and this still happens, a lot.

Don't believe me? I don't care, it's still true.

hth.

Actually there probably were. You're not allowed to settle - or the recipient allowed to accept - a debt for more than the cheque card limit by splitting it into two smaller cheques. Whether this is what was actually happening, the bank could easily have assumed it. Its almost certainly not a coincidence that your two cheques and the one that the OP referred to were all for the maximum value guaranteed by the card.

Brian

That is covered by "provided the cheque has been accepted in accordance with the conditions of that card"

Whilst not wishing to enter the argument as I really don't know who in this case is wrong or right, what I do know is that the card number has to be actually written on the reverse by the recipient (or their representative). This negates any transaction by post- perhaps this was the case in either of the two transactions quoted??

I do thanks.

So, these were cheques that were issued other than in accordance with the conditions of the card, namely;

Providing the rules are followed, a bank WILL pay a guaranteed cheque even if the account is not in order. If the rules haven't been followed, then it isn't a guaranteed cheque.

After having only had a debit card (So always keep my account in "CREDIT")

I recently applied same bank for a "credit" card (approved still waiting for it) not because I am so mad as to borrow money (living on SS). Certainly not at some mad rate like 15.9%, but because when perching goods I understand if them is faulty paying by credit cards offers a simple way to stop payment.

Are their any other advantages or disadvantages anybody knows of before I start using it?

I don't know of any /disadvantage/ of using a credit card over a debit card - except the possibility of a credit card surcharge and of spending more than you can afford.. The latter is a real risk if you, like me, comfort shop on bad days.

You do get purchase protection insurance for items worth

You do get free travel insurance with again a whole load of exclusions and conditions that mean you still need to take out real insurance.

You cannot cancel payment any more than you can with a debit card but at least it is the banks money and not yours - whilst you are fighting over whether the transaction was legit or not.

Again, as it is their money at risk, they will take a greater interest in a dispute that you have.

You do get money back on some cards. Plus various other freebies.

You do pay to get cash out of the wall or if you use the cheques that they will send you.

The only/main disadvantage is that you can so easily spend money you don't have.

I believe you are correct, and in my case the IR rep wrote the number on the cheque.

Fair enough, but these two cheques were *weeks* apart and actually, I made a mistake, they only bounced one. The IR gave them both back and demanded cash. One was bounced and the other had never been presented. I'm up to date on what goes on in banks and it still happens. Although it happened more back then, because that late 80's bubble was BIG, even for the banks to cover.

Good, keep it that way.

Nope, as I've said in another reply, I made a mistake in my recollection of what happened. There were two cheques, one was dated that day and the other was post dated. I think the second cheque was dated about 14 days later. The IR rep wrote the numbers on the back, along with my address, tax ref., etc.

The first one bounced, and that was it. He contacted me and demanded cash that day for the £200. I was in very deep stuff at the time and had played my last card.

You are talking crap! Here is the correct version...

Providing the rules are followed, a bank MIGHT pay a guaranteed cheque if the account is not in order.

hth.

I must admit, I'm a nightmare with CC's. Not that I overspend, but I don't check my statements properly. You really should...

Another friend has just finished working at the RBS after 20 years (started as a junior straight from school when it was Williams & Glynns). She has found charges, debits and all manner of problems on her *own* statements. Also, she used to tell us about some of the nightmares that go on behind the scenes, much of which has now been reported in the media. The moral is, track

The other thing to check is anything you might put on there as a standing order, direct debit or other regular payment. As an old demon.net subscriber, I remember it taking me six bloody months to get stop them debiting my card after I had closed the account. I couldn't stop them debiting so I eventually reported the card stolen and had a new one sent out. Getting them to refund the overpayments was another story. :(

My God what a carry on!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thanks for advice when Credit card comes I will cut it in 1/2 and put it in the bin.

Something besides, I have been concerned about (I am saving up to go on holiday hoping to find a rich obedient hard working loving over sexed widow.)

THIS ABOVE -- AS ALL I PUT ON uk.legal is ""REAL""!!!!!!!! (TELL THE TROUGH AND SHAM THE DEVIL MY MUM TOLD ME.)

"Now." My 105 pounds SS each week is put straight into my bank account.

What I used to do was save up a good numbers of weeks then get 50 pound notes from the post office, so to save them hidden, not altogether trusting banks.

Now from Deddington Post Office I can only get ONE 50 pound note at a time!!!!

Any suggestions how I overcome this matter and continue as before my savings ?

Living a bored life living alone with little to do (And so little money.) you can bet I check my bank statement in every, but every, detail!!!

I stop myself! from saying more!!!!!!!!!!!!!!!!!!!!

Other than to say those on the front line in banks etc. are generally trained vastly way beyond them natural ability!!!!!!!!!!!!. And are only interested in sport, sex, gossip, have little regard for the needy. (Unless shown on TV as so doing)

Grotto,

"Roger J. P. Jones" wrote

Get 20 pound notes instead, like most people would?? ;-)