If you owe the existing bank or building society any money and you wish to close the account, you may still be sued for the money you owe if you don’t pay it when you close the account. If there are changes to the terms and conditions of your account, you can close the account at any time up to 60 days from the day you were told about the changes. The information should be given to you in a way which is easy for you to understand. Once you’ve opened your account, the bank or building society should tell you about any changes to terms and conditions at least two months before the changes are made. When you open an account with a bank or building society and use their services, you are entering into a contract with them. A bank or building society can refuse to open an account for you.

If something has gone wrong with a cheque or banker’s draft, then you can make a complaint to the Financial Ombudsman Service (FOS). A post-dated cheque is one with a future pay-in date on it. To avoid problems with out-of-date cheques, make sure you pay in all cheques you’re given bookkeeping for startups as soon as possible. If the person writing the cheque doesn’t have enough money, or is committing fraud, the cheque might not be paid and will ‘bounce’. There is usually a limit to the size and number of cheques you can pay, such as a maximum cheque size of £500-£1,000 per day.

How to pay in a cheque

If you have written a cheque to a third party and it still hasn’t debited your account 6 months later, you can choose to contact us to stop the cheque. We reserve the right not to pay a cheque that is older than 6 months (from the date written on the front of the cheque). All registration services are provided from Bristol Register Office. You’ll need to ask whoever wrote the cheque to issue you a new one. That way you have all the details you need when you speak with them. The left-hand side needs to be left unmarked so we can process the cheque.

You must pay a cheque into your Nationwide account within 6 months from the date on it, as we may not be able to collect funds after then. Even though the cheque is legally valid for up to 6 years, the bank or building society the cheque is drawn on may not release the funds after 6 months. After that, you may need to ask the person or organisation that gave you the cheque to give you a new one. All rights of Old Loans Inn in such Intellectual Property Rights are hereby reserved. The services contained on this Web Site may be supplied on a commercial basis on payment to Old Loans Inn or its service or product suppliers of its charges from time to time.

Find out the estimated build year of a property using just the address.

So if you must work with cheques, the best thing you can do
to avoid any issues is to set a routine. We’re committed to providing you with a quality service, so calls may be recorded or monitored for training purposes and to help us develop our services. It’s important to keep the cheque stub that contains the cheque details and reference. Money usually clears on the next day, Monday to Friday, but can take longer over the weekend or on public holidays. Writing cheques is simple and safe, as long as you get the basics right.

However, if you’re bankrupt or have a poor credit rating, you may be able to open a basic bank account. Not all basic bank accounts can be accessed at the Post Office. If you want to do this, check with the bank before you open a basic bank account.