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a question about cheques
Posted:
08 Sep 2014, 19:20
by meriad
I received a cheque today from the pet insurance company - made out to my name. I'd like to pay it into my credit card account which is a BarclayCard - can I do that or does the cheque have to be made out to BarclayCard? Anyone know
Re: a question about cheques
Posted:
08 Sep 2014, 19:28
by Gal
I think you'll need to bank it Meri as it is made out to you. If you have enough finds in your account you could pay the B/Card bill and the cheque will clear in about 5-7 days.
Re: a question about cheques
Posted:
08 Sep 2014, 19:32
by Kaz
What Gal said, I think
xx
Re: a question about cheques
Posted:
08 Sep 2014, 19:34
by Workingman
Ria, from what I remember a cheque is 'money' and if it is in your name it is yours to do with as you please. However, it has to 'clear' and that can take ?days. Once it has cleared you should be able to pay/transfer it to your Barclaycard account or take it as cash and then pay in to Barclaycard.
Re: a question about cheques
Posted:
08 Sep 2014, 19:39
by meriad
Thanks all - I'll take it to my usual bank tomorrow and deposit it there.
Re: a question about cheques
Posted:
08 Sep 2014, 21:16
by saundra
Put it into your bank and if you have enough cash in your account
Draw the cash out and pay your credit card Hope that's right