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Up To Date Business
Up To Date Business
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at a cheque drawn to order and then indorsed in blank by the payee is really payable to bearer, and if the paying teller is satisfied that the payee's signature is genuine he will not likely hesitate to cash the cheque. In England all cheques apparently properly indorsed are paid without identification.
[Illustration: A cheque drawn so as to insure payment to proper party.]
In drawing a cheque in favour of a person not likely to be well known in banking circles, write his address or his business after his name on the face of the cheque. For instance, if you should send a cheque to John Brown, St. Louis, it might possibly fall into the hands of the wrong John Brown; but if you write the cheque in favour of "John Brown, 246 West Avenue, St. Louis," it is more than likely that the right person will collect it.
If you wish to get a cheque cashed where you are unknown, and it is not convenient for a friend who has an account at the bank to go with you for the purpose of identification, ask him
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FEATURED AUTHOR - 'The Plotting Shed' (see her blog http://www.intheplottingshed.com/) was Alex Martin's first writing space at the bottom of her Welsh garden. Now she splits her time between Wales and France and plot wherever she is. She still wanders aimlessly in the countryside with her dog and her dreams and she can still be found typing away with imaginary friends whispering in her ear, but these days she has the joy of seeing her stories published and the treasured feedback from readers who've enjoyed them.