Are they a safe bet ?

Would you release your car having one of these in your hands or would you let it clear first ?

Cheers,

WD

 

I have done once but to be safe you should let it clear like a cheque, or do a same day bank transfer forŁ30

 

let it clear 1st mate they can still be forged and they can still be cancelled

I worked for barclays for the last 3.5yrs and this is 100% correct


best bet would be to get the cheque express cleared - usually a small fee but should be in your account the next day as long as you pay it in before 12.30

 

Yes, done a bit more digging since and waiting seems to be the safest option ...

They seem a bit pointless then - just like a normal cheque ?

 

you can also phone the issuing back to see if the draft is genuine

 

They used to be as good as cash but now you can do fund transfers etc and they are easily forged there a bit pointless

 

No mate specially presenting is the quickest way - some banks call it direct presentation service - usually about Ł15

Thats how I would do it

 

We're actively encouraged to discourage customers from doing it. It's a pain in the arse with all the forms.

 

it's just cos you PB's are lazy Dan