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| *Loan,banking and credit>>>bank account |
If I don't have a bank account, can i pay a cheque which has been made out to me in a friends account? |
If I don't have a bank account, can i pay a cheque which has been made out to me in a friends account? Most cheques have account payee or account payee only written on them. You'll see it written side on. at right angles to the rest of the writing. If this is the case it is telling you that it HAS to go into an account of that name - You may get away with paying it into someone in the families account with the same initial and surname and they could give you the cash. Option 2 - Open a bank account... You'll need to eventually as these days you can't live without one. Option 3 go back the person who gave you the cheque and ask for the cash or another cheque in someones name you can trust to cash it for you......... If on the other hand it hasn't got account payee on you just need to sign the cheque on the back...... (But most of them have these days) There is nothing like good old fashioned cash I say! No. Open an account. the cheque needs to be paid into an account with the same name. either open a bank account and pay in your cheque, or ask who ever wrote you the cheque to write you another one with yuor mates name on it It totally depends upon the bank you're dealing with. They will probably place a 10 day hold on the funds in your friend's account to ensure that the check had cleared the originator's bank. Why don't you have a bank account? Even a savings account is better than nothing. no No it has to have the account holders name on. You can cash it at a post office or a cheque cashing place, if you have a driving license or passport. You do not need to open an account. Just go to the bank the check is drawn on and cash it there. If it is from XYZ bank go to XYZ bank, sign the back and they will have to honor it. They may charge you a fee. I did this all of the time with my first job. I had no account but I just took my check to the bank it was drawn on and they had to cash it. |
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