Cheques drawn on İşbank London Sample Clauses

Cheques drawn on İşbank London. Where you pay in to your account a cheque drawn on us (i.e., we are the paying bank), we will show it in your account and allow you to use it immediately. We will pay interest on it (where appropriate) or use it to reduce the interest that you pay on the day that we receive it.

Cheques drawn on İşbank London. Where you pay in to your account a cheque drawn on us (i.e., we are the paying bank), we will show it in your account and allow you to use it immediately. We will pay interest on it (where appropriate) or use it to reduce the interest that you pay on the day that we receive it. Foreign cheques paid into your account By 'foreign cheques' we mean cheques drawn in a foreign currency or cheques in sterling paid out of an account at a bank abroad i.e. in locations other than in the UK, the Isle of Man, Gibraltar or the Channel Islands. If you want us to obtain payment for you of a foreign cheque, you must 'endorse' the cheque by signing your name on the back, (this means we will have 'recourse' against you as well as anyone else that has signed or endorsed it should it be returned unpaid). Your signature must match the way your name appears on the front of the cheque (for example, if the cheque is payable to "Mr X Xxxx" you need to sign the cheque as "Mr X Xxxx") or, if you are an Authorised Person, then your signature must match that on the Authorised Person list provided by the company. When you pay a foreign cheque into your account, the processing times applicable for dealing with UK cheques do not apply and we may decide or agree, although we are not obliged to do so, to 'negotiate' or 'collect' the cheque. If we decide to negotiate the cheque, we will buy it from you by paying you the amount of the cheque or the sterling equivalent on the Working Day after we receive it. We will then obtain payment from the paying bank. If we decide to collect the cheque, we may send it on your behalf direct to the paying bank or we may pass the foreign cheque through the appropriate clearance system in the country where the foreign cheque needs to be presented for payment. We may use an agent to do this. We will pay the amount of the cheque or the sterling equivalent into your account on the day we get payment from the paying bank. The time that this takes will vary depending on the paying bank or its country. For further information you may contact us, our contact details are set out at clause 27.. Due to difficulties that occur from time to time with foreign cheques drawn on banks abroad, for example exchange restrictions, we may not always be able to negotiate or collect foreign cheques for you. The Uniform Rules for Collections, as published by the International Chamber of Commerce from time to time, also apply to any negotiation or collection of foreign cheques or o...