Coutts cheque bounced - what now?
Discussion
This morning my bank informed me that a cheque I received from a customer has bounced. The cheque was only for £80 and drawn on a Coutts account.One of my drivers only accepted it because it was Coutts. I remember seeing that he had written a card number on the back (which surprised me because I thought Coutts didn't issue cheque guarantee cards - i.e. if you bank here you don't need them)
Anyhow, the cheque is winging it's way back to me. I thought if the cheque was backed by a card it had to be honoured? I have an address for this bloke's brother and phone number which I will be trying to contact with regards to the unpaid cheque - this is where the bloke travelled to.
Anything else I can do?
Anyhow, the cheque is winging it's way back to me. I thought if the cheque was backed by a card it had to be honoured? I have an address for this bloke's brother and phone number which I will be trying to contact with regards to the unpaid cheque - this is where the bloke travelled to.
Anything else I can do?
Coutts is a bank like any other, just with a (supposedly) higher service level. They still issue cheque guarantee cards like everyone else, the only difference being that the guarantee level is £250 rather than the £100 or £50 that is the norm elsewhere, IIRC. Like you, I was under the impression that a guaranteed cheque could not be bounced.
964Cup said:
Coutts is a bank like any other, just with a (supposedly) higher service level. They still issue cheque guarantee cards like everyone else, the only difference being that the guarantee level is £250 rather than the £100 or £50 that is the norm elsewhere, IIRC. Like you, I was under the impression that a guaranteed cheque could not be bounced.
Even £250 guarantees are quite common, my card guarantees my cheques to £250; I bank with a "normal" bank and I am not a millionaire.Gassing Station | Business | Top of Page | What's New | My Stuff