Keep the cheque stub that contains the details and reference. So, if you pay in a cheque on a weekday before our cut-off time you will be able to withdraw the funds by Payee name You need to write the payee's name as it appears on their bank account.
You can pay anyone with a cheque, if they accept it.
If you are paying a company you should check exactly how you should write their business' name on the cheque - this information is likely to be on your bill, statement or invoice. When should you use one?
Currently this could take days This will change once imaging comes in and you will no longer see cheques paid in as pending, but when it has cleared.
This new approach allows you to withdraw money much sooner than you do currently. For this reason, they do not bounce because of a lack of funds.
This signature must match the signature on record with your bank, or your cheque will bounce. You can post date your cheque by writing a date in the future, this will prevent the recipient from cashing it until that date. Out-of-date cheque rejections Banks usually reject cheques that are older than six months.