Recalling a cheque

[John MacK]

I've seen it said a few times, that receiving payment by cheque is not as secure as you expect, as a cheque can be recalled by the issuer even after it has been paid into your account and the funds have cleared.

Is this true?

And if it is true how would it work if the funds were transfered or spent?

[anonymous-user]

Hi

This should help you http://www.chequeandcredit.co.uk/information/-/pag...

P

Edited by anonymous-user on Tuesday 13th October 11:36

[John MacK]

So according to that, after 6 days it is all yours, nothing the sending party can do to get it back without your permission.

Thanks for that.

[anonymous-user]

Nope, as long as how you got the cheque off them wasnt fraudulent that is

Edited by anonymous-user on Tuesday 13th October 12:37

[Ungarsee]

If in doubt ask your bank to 'special' it. This doesn't clear it any quicker but it gets a definite answer from the payer's bank as to whether there are funds available and all is well

[2 sMoKiN bArReLs]

Ungarsee said:

If in doubt ask your bank to 'special' it. This doesn't clear it any quicker but it gets a definite answer from the payer's bank as to whether there are funds available and all is well

do they still do that?