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personal cheque

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kikicatfood | 09:31 Mon 14th Jul 2008 | Business & Finance
4 Answers
I've just sold a property and would like to share the profit received with a relative. The money is in my bank. Can I write a personal cheque for a large amount of money (a good few thousand)? or do I have to go to the bank in person to get it arranged?
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you should be able to write a cheque for all the money you have, but as a security measure - for your own security - the bank will want to be certain a big cheque is not some sort of con. Phone them and ask what their practice is.
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I would set them up as a contact in internet banking, then you can transfer money directly from your account to theirs.

It would be a good idea to message the bank (which you can also do via internet banking) a few days in advance to tell them that you are soon to be transferring a very large amount of money to that payee.
Or alternately, and far more simply, YES you can write a cheque for whatever you like as long as you have the money in your account to cover it.

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