Cash or bankers cheque?

[madmondeo]

is a bankers cheque guarannteed to clear? if a bank prints out a cheque from somebodys account with a name of who it is addressed to is the cheque definitly going to clear? is it quicker to clear than a personal cheque? or should i just accept pound notes??

;-)

[Vagrant]

A bankers draft or a building society counter cheque cannot bounce.
"a bank prints out a cheque from somebodys account with a name of who it is addressed to" sounds like a scam to me - I could put one of my cheques through a printer and do that!
I'm not a banking expert, but as far as I recall, on the few occasions I've used a bankers draft, the cheque doesn't appear to come from me - it appears to come from the bank itself.

[madmondeo]

yeah very helpful. wonder if u could make it look like one from NatWest too.

[dzug2]

It's no quicker to clear. It will not bounce - unless it's a forgery.

Cash can be forgeries too BTW.

[Vagrant]

madmondeo - I was trying to give constructive advice - a bank doesn't print out a cheque from somebody's account - that's the whole point - it doesn't look like a personal cheque - it's from the bank itself, not an individual.

[boxtops]

I believe - and I am sure the last time I used one, this was so - that you have to pay for a Banker's Draft. As others say, it's a cheque from the bank issuing it, not from your account, it's an extra not a normal transaction. It is guaranteed to pay. When you say "the bank prints out the cheque" that sounds like when I go to my bank with my passbook and say "please can I draw out a cheque made out to Tesco" - that's not a banker's draft, it's a counter cheque.

[buildersmate]

It WILL cost for a banker's draft. Usually about £20.