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Can you cancel a bank cheque?

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2 replies to this topic

#1 Gumbette

Posted 15 December 2012 - 06:39 PM

We're going to a meeting next week, and if all goes well, we need to hand over a substantial amount of money at the end of it. If I draw a bank cheque beforehand and then the discussion goes sour, can I take the cheque back to the bank and re-deposit the funds back into my account?

#2 Hedgoth

Posted 15 December 2012 - 06:50 PM

Yes, i have done this recently with our bank. I just said the sale didn't go through and they put the money back into my account when i returned the cheque.

#3 4*shining*stars

Posted 15 December 2012 - 07:07 PM

It may cost you for the bank to buy the cheque back.

When I got from from the Commonwealth, their charge was $25 to buy it back original.gif

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