I don't know if this is on topic, apologies if not. I recently got a cheque (ELPS call it a 'warrant') from the Equitable Life Payment Scheme (lucky me!) and sent it off to my bank. But the bank returned it saying it is crossed 'A/C PAYEE' which prevents it being payed into any account other than the one named. I'm assuming that it's because the cheque does not show my first initial, which I very rarely use.
I know I'll have to 'phone them, but am already expecting to be bounced
around a bit, since ELPS already say in the accompanying paperwork that
they can't discuss individual cases on the 'phone. I'm also a little
worried because the cheque says it's only valid for three months.
I was wondering if anyone had had anything similar happen to them, and
what the outcome might be?
- posted 6 years ago