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DrNo
So I'm expecting a cheque to come tomorrow with tax rebate, and I could really do with the money ASAP.

How does cheque cashing work in places like Cash Converters, and how much do they take from the total?
SpursRiot2012
Not too much. I cashed a 1200 cheque at The Money Shop a while ago and they took like 35.
Stephanie
The rates are actually pretty decent, the higher the cheque amount.

Just make sure you take relevant identification with you, because they DO do checks on the cheques.

I worked for a cheque cashing company, you're going to need photo ID, address ID and keep the cheque attached to the letter that it comes with if possible.

If it's for a very large amount, they probably won't give you all of the cash the same day. They'll put it on special clearance and give you the money when it clears, to protect themselves against fraud.
vanhalen2007
I work for a cheque cashing company, a HPMG cheque will take little more than 5/10 mins if the staff are good, just make sure you ID is good! Also, the higher the cheque the less is taken as a percentage, so the higher the better! Also, if you are going to The Money Shop, get a 2.99% leaflet from yellow pages before you go, so even a 1000 cheque will only cost you 30ish
DrNo
I've got no photo ID at the moment, but will a birth certificate pass?
Stephanie
Probably not, as it doesn't prove who you are does it?

If you look at it from their point of view, anyone could get anyone's birth certificate and pretend it's theirs.

air_raid
Most Financial Services companys don't take birth certificate for Name ID unless you are under 18.

If you haven't got an in-date and valid passport or driving licence, many will accept a HMRC notice of Tax Coding less than twelve months old, a letter from a government benefits agency confirming an amount of benefit to be paid less than twelve months old, or a debit or credit card with an accompanying statement less than three months old, or even (God forbid) a valid UK firearms certificate.

If you haven't got a passport or driving licence mind, ring them to see what they will take. Then get a passport. Doesn't matter if you don't want to travel, its ID that everyone accepts, for the next ten years.
vanhalen2007
DrNo, if you go to the Money Shop mate, they've got other ways of ID'ng you outside of needing a Passport or a Driving Licence
simonworden
Although I am not certain on this for HMRC cheques you may be able to obtain the money in 24 hours by cashing it normally into your back account. Like a building society cheque. I had a cheque from the DVLA which I placed into a 24 hour deposit machine on Sunday and it was in my bank the day after.

If you have no valid photo ID this is probably your best punt
Chris B
If ID is a problem, there are always online payday lenders. Wonga, MyPayday and so on. You'll probably pay more like 25-30 per hundred though.
vanhalen2007
QUOTE (simonworden @ Sep 21 2011, 11:44) *
Although I am not certain on this for HMRC cheques you may be able to obtain the money in 24 hours by cashing it normally into your back account. Like a building society cheque. I had a cheque from the DVLA which I placed into a 24 hour deposit machine on Sunday and it was in my bank the day after.

If you have no valid photo ID this is probably your best punt




Hiya mate, it will show up as funds, but not cleared funds, so not able to access. HMRC is a government cheque so takes usual 5 working days to clear, they also cant be put on express clearance with your bank either
air_raid
QUOTE (simonworden @ Sep 21 2011, 11:44) *
Although I am not certain on this for HMRC cheques you may be able to obtain the money in 24 hours by cashing it normally into your back account. Like a building society cheque.


FYI, corporate cheques issued by a building society sometimes go through the usual clearance cycle even if paid into an account held by the same company (depending on the company) because even though it's "one of ours" doesn't mean the company can guarantee it a) hasn't been stopped or b) isn't a fake.

I've recently handled a fake corporate cheque and it was damn convincing. Only recognizing the branch prefix as a place 60 miles south of the address of the bloke that gave it to the customer gave it away that it might be dodgy.

Cheques are such a pile of shit, you have no way of knowing the signature on the cheque is the signature of the account holder, and when one is returned as fraudulent the poor bugger that has been the victim of receiving a fake cheque can sometimes receive a charge for the cheque being returned unpaid, plus depending how near the wire they are on the balance it might cause unauthorised overdraft fee or bounced direct debits, all because of some other wanker defrauding them. I can see why the banking system wanted done away with them - but then housebound biddies afraid of using their debit cards over the 'phone or 'net kicked off.
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