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Can you cancel a bank cheque?
2 replies to this topic
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?
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.
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
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