Reply to: Cheque please- finally you can rely on a cheque

[lilelvis2000]

Considering that half the time it is the banks that cock up, this is a good thing. one more inch towards the 21st century for the banks.

[SueEllen]

How very dare you!

Sorry

[NotAllThere]

The banks won't lose money on this one. They'll simply increase their charges/lower interest.

[SueEllen]

Surely the key bit is that you were a victim of fraud rather than a knowing party to it? If the cheque clears and then proves fraudulent, as long as you are the victim, then you should still be fine.

Yeah after a year or so arguing with the bank.

[TheFaQQer]

DimPrawn is wrong again and TonyEnglish's thoughts are right.

If you go to the apacs pages about this http://www.apacs.org.uk/07_11_26.html - there is a little asterisk at the end of the press release stating:
"Unless they are a knowing party to a fraud"

So if the banks think the cheque is fraudenlent you don't get your money. So being cynical if the cheque bounces you are going to have to fight with the bank to get your money.

Surely the key bit is that you were a victim of fraud rather than a knowing party to it? If the cheque clears and then proves fraudulent, as long as you are the victim, then you should still be fine.

[DimPrawn]

DimPrawn is wrong again and TonyEnglish's thoughts are right.

If you go to the apacs pages about this http://www.apacs.org.uk/07_11_26.html - there is a little asterisk at the end of the press release stating:
"Unless they are a knowing party to a fraud"

So if the banks think the cheque is fraudenlent you don't get your money. So being cynical if the cheque bounces you are going to have to fight with the bank to get your money.

How very dare you!

[SueEllen]

DimPrawn is wrong again and TonyEnglish's thoughts are right.

If you go to the apacs pages about this http://www.apacs.org.uk/07_11_26.html - there is a little asterisk at the end of the press release stating:
"Unless they are a knowing party to a fraud"

So if the banks think the cheque is fraudenlent you don't get your money. So being cynical if the cheque bounces you are going to have to fight with the bank to get your money.

[Spacecadet]

What's a Bank Manager?

the one with 5 gold stars on his badge

[BoredBloke]

I thought there were some well known scams out there where the banks protected themselves based on this aspect of cheques. The ones where a person agrees to cash a cheque and split it X to the sender and Y for himself. Then the original cheque is stopped leaving the person who cashes the cheque out of pocket. If the cheque value can no longer be withdrawn, surely this would leave the banks open to this type of scam.

[PerlOfWisdom]

You open a company called the Ar*e Tickler's Fagg*t Fan Club.

You take an advert in the back page of some gay mag, advertising the latest in arse-intruding dildos, sell it a bit with, er... I dunno, "does what no other dildo can do until now", latest and greatest in sexual technology. Guaranteed results or money back, all that bollocks.

These dills cost twenty-five each; a snip for all the pleasure they are going to give the recipients.

They send a cheque to the company name, nothing offensive, er, Bobbie's Bits or something, for twenty-five. You put these in the bank for two weeks and let them clear.

Now this is the clever bit. Then you send back the cheques for twenty-five pounds from the real company name, Ar*e Tickler's Fagg*t Fan Club, saying sorry, we couldn't get the supply from America, they have sold out.

Now you see how many of the people cash those cheques; not a single soul, because who wants his bank manager to know he tickles arses when he is not paying in cheques!

What's a Bank Manager?

[DimPrawn]

You open a company called the Ar*e Tickler's Fagg*t Fan Club.

You take an advert in the back page of some gay mag, advertising the latest in arse-intruding dildos, sell it a bit with, er... I dunno, "does what no other dildo can do until now", latest and greatest in sexual technology. Guaranteed results or money back, all that bollocks.

These dills cost twenty-five each; a snip for all the pleasure they are going to give the recipients.

They send a cheque to the company name, nothing offensive, er, Bobbie's Bits or something, for twenty-five. You put these in the bank for two weeks and let them clear.

Now this is the clever bit. Then you send back the cheques for twenty-five pounds from the real company name, Ar*e Tickler's Fagg*t Fan Club, saying sorry, we couldn't get the supply from America, they have sold out.

Now you see how many of the people cash those cheques; not a single soul, because who wants his bank manager to know he tickles arses when he is not paying in cheques!

Baggy says can he have two please?

[Swiss Tony]

Yep

[TheFaQQer]

Lock, Stock?

[Swiss Tony]

Plan B

You open a company called the Ar*e Tickler's Fagg*t Fan Club.

You take an advert in the back page of some gay mag, advertising the latest in arse-intruding dildos, sell it a bit with, er... I dunno, "does what no other dildo can do until now", latest and greatest in sexual technology. Guaranteed results or money back, all that bollocks.

These dills cost twenty-five each; a snip for all the pleasure they are going to give the recipients.

They send a cheque to the company name, nothing offensive, er, Bobbie's Bits or something, for twenty-five. You put these in the bank for two weeks and let them clear.

Now this is the clever bit. Then you send back the cheques for twenty-five pounds from the real company name, Ar*e Tickler's Fagg*t Fan Club, saying sorry, we couldn't get the supply from America, they have sold out.

Now you see how many of the people cash those cheques; not a single soul, because who wants his bank manager to know he tickles arses when he is not paying in cheques!

[DimPrawn]

For that very reason.

You can accept a cheque, give the product or service and 1 week, 1 month, 1 year, 5 years down the line the bank can take the money back. Cheques NEVER fully clear. Ever.

But that's going to change.