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Lodging cheque

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  • 30-07-2018 10:27am
    #1
    frogstar
    Registered Users Posts: 709 ✭✭✭


    Hi

    I have a cheque payable to me and my husband. It is account payee only.

    We don't have a joint account and have both signed the back of cheque as OK to pay.

    Can I lodge this to my BOI account? Will there be an issue? We don't plan on having a joint account so we do not have any other way of lodging cheque. Will be lodging through machine at branch

    Thanks!


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    #2
    Bank of Ireland: Darren
    Closed Accounts Posts: 991 ✭✭✭Bank of Ireland: Darren


    frogstar wrote: »
    Hi

    I have a cheque payable to me and my husband. It is account payee only.

    We don't have a joint account and have both signed the back of cheque as OK to pay.

    Can I lodge this to my BOI account? Will there be an issue? We don't plan on having a joint account so we do not have any other way of lodging cheque. Will be lodging through machine at branch

    Thanks!

    Hi there,

    Thanks for getting in touch with us here.
    If the cheque says account payee only on it, it would have to be lodged into a joint account in both of your names as it cannot be endorsed. If you don't plan on getting a joint account between you, I'd ask you to get in contact with the issuer of the cheque and they should be able to re-issue a cheque either in one of your names or without "Account payee only" on it so it can then be endorsed and lodged into one of your sole accounts.

    Thanks again,
    Darren.


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    #3
    frogstar
    Registered Users Posts: 709 ✭✭✭frogstar


    Thanks for reply but no option to get cheque redrawn so I'll have to open a joint account with boi just to lodge and close down once cleared

    Seems like a waste of time for all involved esp if my husband will be there when lodging


  • Options
    #4
    Bank of Ireland: Alison
    Closed Accounts Posts: 1,060 ✭✭✭Bank of Ireland: Alison


    Thanks frogstar for coming back to us.

    A new joint account can be opened online here - https://personalbanking.bankofireland.com/bank/current-accounts/personal-current-account/how-to-apply/

    We're sorry the issuer of the cheque is unable to arrange it in sole name for you. The conditions on the cheque 'account payee only' restrict us from allowing the cheque to be endorsed.

    Many Thanks
    Alison


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