Common use of Cheque payments Clause in Contracts

Cheque payments. a) When we receive a cheque that you have written we will take the money from your account on the same day. We usually receive cheques a few days after you have written them. However, the exact timing will depend upon when the person you gave it to pays it into their account. If the recipient requests special presentation of your cheque from their bank it is likely to be debited from your account on the following Working Day after it was paid in by the recipient. b) It is your responsibility to ensure that there are always sufficient available funds in your account to cover any cheques you have written. Available funds include the available balance of any overdraft, which we have given you on your account. c) You may be able to stop a cheque that you have written (apart from a guaranteed cheque) as long as the cheque has not already been paid by contacting us with details of the cheque number, the account on which the cheque is drawn, the name of the payee, the amount and date of the cheque, and similar details of any replacement cheque. We may charge you for trying to stop a cheque, whether or not we succeed. d) We cannot stop a counter cheque or bankers' draft that you have asked us to draw on your behalf. e) You should always date a cheque; as undated cheques are likely to be returned with a request to include a date. f) You may not ask us to pay a cheque later than when we receive it by writing a future date on it. We will not be liable if we pay the cheque before that future date. g) We do not have to pay any cheques issued on your account which are received for payment when they are more than six months old, but we may do so. h) If someone asks you to replace a cheque it is your responsibility to ask for the old cheque back, and to destroy it, or to ask us to stop the old cheque, before you write a new one. If you do not do this there is a risk that both the old and replacement cheques will be paid from your account. i) If you send a cheque through the post, it will help to prevent fraud if you clearly write the name of the person you are paying the cheque to and put extra information about them on the cheque. You should draw a line through unused space on the cheque so unauthorised people cannot add extra numbers or names. j) You should only write cheques in the currency of your account. If you need to make a payment in a currency other than the currency of your account, we will advise you on the best way to do so. k) If it is necessary to make amendments to a cheque you are writing, these should be made clear by crossing through the error and signing the correction. l) When writing a cheque, you must take all reasonable precautions to prevent anyone else altering it or making a forgery including (but not limited to) using black ink which cannot be erased to write the cheque, never leaving a gap between words or figures and never signing a cheque before you use it. You may be liable for cheques which have been altered or signed by someone else if you have not taken all reasonable steps to prevent anyone from doing this and/or if you have not notified us of any actual or suspected event in accordance with clause 9.8m) below. m) If your cheques are lost or stolen, or if you think that someone has signed one of your cheques without your permission, you must tell us as soon as you can. n) We will keep original cheques paid from your account or copies for at least six years unless we have already returned these to you.

Cheque payments. a) When we receive a cheque that you have written we will take the money from your account on the same day. We usually receive cheques a few days after you have written them. However, the exact timing will depend upon when the person you gave it to pays it into their account. If the recipient requests special presentation (special presentation being a process whereby the cheque is presented directly to us as your branch) of your cheque from their his or her bank it is likely to be debited from your account on the following Working Day after it was paid in by the recipient. b) It is your responsibility to ensure that there are always sufficient available funds in your account to cover any cheques you have written. Available funds include the available balance of any overdraft, which we have given you on your account. c) You may be able to stop a cheque that you have written (apart from a guaranteed cheque) as long as the cheque has not already been paid by contacting us with details of the cheque number, the account on which the cheque is drawn, the name of the payee, the amount and date of the cheque, and similar details of any replacement cheque. We may charge you for trying to stop a cheque, whether or not we succeed. d) We cannot stop a counter cheque or bankers' draft that you have asked us to draw on your behalf. e) You should always date a cheque; , as undated cheques are likely to be returned with a request to include a date. f) You may not ask us to pay a cheque later than when we receive it by writing a future date on it. We will not be liable if we pay the cheque before that future date. g) We do not have to pay any cheques issued on your account which are received for payment when they are more than six months old, but we may do so. h) If someone asks you to replace a cheque it is your responsibility to ask for the old cheque back, and to destroy it, or to ask us to stop the old cheque, before you write a new one. If you do not do this there is a risk that both the old and replacement cheques will be paid from your account. i) If you send a cheque through the post, it will help to prevent fraud if you clearly write the name of the person you are paying the cheque to and put extra information about them on the cheque. You should draw a line through unused space on the cheque so unauthorised people cannot add extra numbers or names. j) You should only write cheques in the currency of your account. If you need to make a payment in a currency other than the currency of your account, we will advise you on the best way to do so. k) If it is necessary to make amendments to a cheque you are writing, these should be made clear by crossing through the error and signing the correction. l) When writing a cheque, you must take all reasonable precautions to prevent anyone else altering it or making a forgery including (but not limited to) using black ink which cannot be erased to write the cheque, never leaving a gap between words or figures and never signing a cheque before you use it. You may be liable for cheques which have been altered or signed by someone else if you have not taken all reasonable steps to prevent anyone from doing this and/or if you have not notified us of any actual or suspected event in accordance with clause 9.8m) below. m) If your cheques are lost or stolen, or if you think that someone has signed one of your cheques without your permission, you must tell us as soon as you can. n) We will keep original cheques paid from your account or copies for at least six years unless we have already returned these to you.

Cheque payments. a) When we receive a cheque that you have written we will take the money from your account on the same day. We usually receive cheques a few days after you have written them. However, the exact timing will depend upon when the person you gave it to pays it into their account. If the recipient requests special presentation of your cheque from their bank it is likely to be debited from your account on the following Working Day after it was paid in by the recipient. b) . It is your responsibility to ensure that there are always sufficient available funds in your account to cover any cheques you have written. Available funds include the available balance of any overdraft, which we have given you on your account. c) . You may be able to stop a cheque that you have written (apart from a guaranteed cheque) as long as the cheque has not already been paid by contacting us with details of the cheque number, the account on which the cheque is drawn, the name of the payee, the amount and date of the cheque, and similar details of any replacement cheque. We may charge you for trying to stop a cheque, whether or not we succeed. d) . We cannot stop a counter cheque or bankers' draft that you have asked us to draw on your behalf. e) . You should always date a cheque; as undated cheques are likely to be returned with a request to include a date. f) . You may not ask us to pay a cheque later than when we receive it by writing a future date on it. We will not be liable if we pay the cheque before that future date. g) . We do not have to pay any cheques issued on your account which are received for payment when they are more than six months old, but we may do so. h) . If someone asks you to replace a cheque it is your responsibility to ask for the old cheque back, and to destroy it, or to ask us to stop the old cheque, before you write a new one. If you do not do this there is a risk that both the old and replacement cheques will be paid from your account. i) . If you send a cheque through the post, it will help to prevent fraud if you clearly write the name of the person you are paying the cheque to and put extra information about them on the cheque. You should draw a line through unused space on the cheque so unauthorised people cannot add extra numbers or names. j) . You should only write cheques in the currency of your account. If you need to make a payment in a currency other than the currency of your account, we will advise you on the best way to do so. k) . If it is necessary to make amendments to a cheque you are writing, these should be made clear by crossing through the error and signing the correction. l) . When writing a cheque, you must take all reasonable precautions to prevent anyone else altering it or making a forgery including (but not limited to) using black ink which cannot be erased to write the cheque, never leaving a gap between words or figures and never signing a cheque before you use it. You may be liable for cheques which have been altered or signed by someone else if you have not taken all reasonable steps to prevent anyone from doing this and/or if you have not notified us of any actual or suspected event in accordance with clause 9.8m9.m) below. m) . If your cheques are lost or stolen, or if you think that someone has signed one of your cheques without your permission, you must tell us as soon as you can. n) . We will keep original cheques paid from your account or copies for at least six years unless we have already returned these to you.