Don't mean to change the subject matter but something Neil mentioned earlier in the thread
It is certainley going to make me get cheques guarenteed in the future.
Putting card numbers on the back of a cheque, does it only gaurantee it for a certain amount.....if at all.
Only ask as I had one a few weeks ago in excess of £200 which went "boing" despite me taking & writing the card number on the back when she offered it. Now sorted and had a new cheque with apologies from the customer.
But have since had others offer their card details with cheque payment and thought to myself its pointless anyway. Am I right
It only guarantees the cheque to the amount shown in the hologram on the reverse of the card. Usually £100, but can be more.
I've also heard that you should write the number on yourself (don't ask me how the bank really know who does it), just what I'd heard though.
Cheque card guarantee values are for £50, £100 or £250.
The card number must be written on the back of the cheque by the payee to make it valid not the payer.
If bill comes to more than the value of the guarantee card then, if you think it's appropriate, take more than one cheque in payment. And the really important thing if you do this is to NOT pay all the cheques in on the same day but pay them in over as many days as you have cheques. This is because the rules of the cheque crd guarnatee scheme say that a payer may only issue one cheque per day to the same payee.
So if your bill is for say £230 and the card guarantee cheques for £100 then you would take 3 cheques off the client for amounts of £100, £100 and £30 and then pay in one cheque a day over at leaast 3 days. In this way you will GUARANTEE payment.
Mark
Banks know if the payer has written the number on the back through experience. Some payees won't take a card number eg. paying a bill like gas or TV license. Therefore if there is a number on the back it must have been put there by the payer. Other clues are that the number will have been written with the same pen and the bank will cheque to compare the handwriting of the front of the cheque with the handwriting of the number written on the back.
Think this covers all the questions raised about cheque guarantee cards.
Rog