2013年5月22日 · The courts have held that the words “not negotiable” on a crossed cheque are a danger signal and is the equivalent to saying “take care: this cheque may be stolen”. It has also been said that when notated with the words “not negotiable”, the drawer of the cheque intends that the person to whom it is handed or sent to should apply ...

2014年8月5日 · Not negotiable does not mean it can't be cashed. While technically correct, Section 54 states that. A crossing of a cheque has effect as a direction by the drawer to the drawee institution not to pay the cheque otherwise than to a financial institution . meaning that it would have to be cashed at a different bank to the bank the cheque was ...

2015年11月25日 · I just tried to present a bank cheque made payable to my middle name and surname (I usually go by my middle name). Our financial institution refused to accept. I wrote and suggested they could speak with the person who paid the cheque to me. They continued to refuse to accept. It cost the person who paid us $10 to have a bank cheque issued.

2016年6月14日 · If it has two parallel transverse lines with or without 'not negotiable/acc payee only', this has effect as telling the drawee bank not to pay but to deposit to a bank account. A bank that pays a crossed cheque over the counter is liable to the true owner under the tort of conversion / money had and received. Bank cheques are usually crossed.

2018年12月1日 · If this happens regularly ask the drawer to leave the cheque open, ie not marked not negotiable. sorry, whether a cheque is open or order or not negotiable has nothing to do with whether the bank will consider it a matter of clear or unclear funds. That is only to do with whomever can negotiate the cheque.

2015年8月12日 · Despite what the bank manager will tell you about what is on the face of the cheque, e.g. not negotiable, you can endorse any cheque to any other person. There is specific provision in the Banking Act with this. I had this issue with my bank and had to show the bank manager the legislation.

2011年12月30日 · An open cheque is a cheque who's payee is either you or cash and that doesn't have the crossed/not negotiable. Just to confuse things directly after the payee bit there is 2x words 'or bearer'. If this is not crossed out and the cheque is open that means that anyone can cash/bank it, not just the payee.

2021年1月20日 · We used to get the non account holder to authorize and sign the back of the cheque to the single party account but you used to bank it at the branch. Didn't really bother the bank much even with 'Not negotiable account payee only' although simple 'Not negotiable' could be paid into any account. ie not converted to cash over the counter.

2011年8月22日 · They wanted to charge me $15 to cash a $180 cheque which I thought was high ($10 was the max I would pay). The worker did a pretending to be shocked expression when I refused. It seems as though the bank was also unable to cash it immediately (even though it was the same bank) as it was a "not negotiable" cheque so I'll have to wait.

2010年3月15日 · It is not a bank cheque, and besides – the way to handle it is the same. Take it to your bank and bank it to your account. Make sure you have identification that proves your first name/surname. TBH for a $39 cheque, the banks really won't care and will just process it.