DrNo Posted September 19, 2011 Share Posted September 19, 2011 So I'm expecting a cheque to come tomorrow with tax rebate, and I could really do with the money ASAP. Â How does cheque cashing work in places like Cash Converters, and how much do they take from the total? Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted September 19, 2011 Paid Members Share Posted September 19, 2011 Not too much. I cashed a Link to comment Share on other sites More sharing options...
Paid Members Stephanie Posted September 19, 2011 Paid Members Share Posted September 19, 2011 The rates are actually pretty decent, the higher the cheque amount. Â Just make sure you take relevant identification with you, because they DO do checks on the cheques. Â 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. Â 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. Link to comment Share on other sites More sharing options...
vanhalen2007 Posted September 20, 2011 Share Posted September 20, 2011 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 Link to comment Share on other sites More sharing options...
DrNo Posted September 20, 2011 Author Share Posted September 20, 2011 I've got no photo ID at the moment, but will a birth certificate pass? Link to comment Share on other sites More sharing options...
Paid Members Stephanie Posted September 20, 2011 Paid Members Share Posted September 20, 2011 Probably not, as it doesn't prove who you are does it? Â If you look at it from their point of view, anyone could get anyone's birth certificate and pretend it's theirs. Link to comment Share on other sites More sharing options...
Paid Members air_raid Posted September 20, 2011 Paid Members Share Posted September 20, 2011 Most Financial Services companys don't take birth certificate for Name ID unless you are under 18. Â 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. Â 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. Link to comment Share on other sites More sharing options...
vanhalen2007 Posted September 21, 2011 Share Posted September 21, 2011 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 Link to comment Share on other sites More sharing options...
simonworden Posted September 21, 2011 Share Posted September 21, 2011 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. Â If you have no valid photo ID this is probably your best punt Link to comment Share on other sites More sharing options...
Paid Members Chris B Posted September 21, 2011 Paid Members Share Posted September 21, 2011 If ID is a problem, there are always online payday lenders. Wonga, MyPayday and so on. You'll probably pay more like Link to comment Share on other sites More sharing options...
vanhalen2007 Posted September 21, 2011 Share Posted September 21, 2011 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 Link to comment Share on other sites More sharing options...
Paid Members air_raid Posted September 21, 2011 Paid Members Share Posted September 21, 2011 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. Â 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. Â 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. Â 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. Link to comment Share on other sites More sharing options...
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