If I use my cheque garantee card without any money init at the time will the company still get paid and then the bank charges me
2006-10-10 19:20:00 · 8 answers · asked by ? 1 in Business & Finance ➔ Credit
dont think they will get paid and am sure you will get charged.
2006-10-10 19:41:57 · answer #1 · answered by ♥Scottish♥Ƹ̵̡Ӝ̵̨̄Ʒ♥Fairy♥ 7 · 0⤊ 1⤋
The company you are making the cheque out to will be paid up to the limit of the gaurantee on the card e.g. £50 or £100, if the check exceeds that I think it may bounce. Your bank will charge you however if you go into a non-agreed overdraft. Keep in mind if you are paying by cheque you will have a few days to pay some dosh into your account to cover the amount.
If you have no dosh - I would suggest mugging somone, selling drugs or perhaps an organ. Sperm donation also pays!
2006-10-11 03:03:15 · answer #2 · answered by biscoback 1 · 0⤊ 1⤋
No. The company wont get paid, and you will be charged up to £35 for a bounced cheque.
2006-10-11 03:19:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Depends on the bank. HSBC went through a period where it would not honour cheque guarantee cards if there was nothing in the bank. They got away with it because of a small print clause. I believe this has now stopped, but banks will charge you if you go over your (overdraft) limit using a guarantee card.
2006-10-11 03:03:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes - the card guarantees payment by the vbank unless the beneficiary hasn't taken appropriate steps to record the card no. etc on the back of the cheque.
2006-10-11 02:46:21 · answer #5 · answered by MIKE D 2 · 0⤊ 0⤋
im quite sure that unless u have money in your account by the time the cheque clears the company wont get paid.
which is why a lot of places (where i live) are not accepting cheques any longer.
if you have no money dont buy something lol :)
MJ
2006-10-11 02:32:58 · answer #6 · answered by mj_junkie86 3 · 0⤊ 0⤋
yes u can use it no problem but if u got money going in shortly after u wont get charged.
2006-10-11 02:29:20 · answer #7 · answered by textkitten 3 · 0⤊ 0⤋
Someone recently asked this and said they wanted to 'screw the bank'. If that is your goal, YOU are the one that will be 'screwed'.
2006-10-11 05:27:09 · answer #8 · answered by STEVEN F 7 · 0⤊ 0⤋