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Cash on cheque

Western Pomise · 2017-06-23 10:42:26

Is a cheque ok to lodge to your account if it is made out as 'cash' on the name part?

23-06-2017 11:42am

#1

Western Pomise

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Is a cheque ok to lodge to your account if it is made out as 'cash' on the name part?

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#2 23-06-2017 4:32pm

Toots

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Yes

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#3 23-06-2017 5:10pm

coylemj

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Toots wrote: »

Yes

+1 'Cash' is effectively the same as 'Bearer' and means that anyone can lodge it to their account.

Which also means that if you can find someone (like a bookie or a publican) to cash it for you, they can lodge it as well.

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