Paidtoplease

If I have to submit 12 months of blank cheques should I :-

a) Enter the amount monthly to be paid
b) Sign the cheque

I would not be paying by cheque (out of this account) but by cash each month from another account

shakh your bootie

if you enter the amount to be paid it is, ipso facto, not a blank cheque...

if you don't sign the cheque then it is pretty useless anyway.

Paidtoplease

But if you leave it open then are you not potentially opening up a chance of abuse if the cheque gets into the wrong hands ???

shakh your bootie

take a deep breath and start from the begining and let's figure out why it is you need to consider giving strangers pages from you chequebook...

lionheart

You certainly wouldn't catch me giving anybody outside my direct family one blank cheque let alone twelve of them...don't you normally just post-date them individually so they can only be cashed when the relevent month end is reached?

Paidtoplease

Okay, are you sitting comfortably ???

Car Hire company, if I take out years lease (much cheaper) then although I pay cash monthly they wish me to pre date 12 cheques, Cheque book is from a different account (which I don't use often) but then again I guess I could transfer my wages into that one and pay monthly by cheque so in the end all would be okay if the cheques were pre dated, set amount entered and signed....

Really shouldn't have asked this question, should I ???

jvr20

i suppose a standing order or internet payment every month is out of the question?

Paidtoplease

Didn't even think the banks done them here, I was told they didn't, hense why they ask for the cheques.

shakh your bootie

Well I guess it is no different than writing out cheques for bank loans. Fill in the a/c payee as the car hire company, and the amount and sign the cheque.

You can always cancel the cheques later if needs be.

Eeyore

The banks certainly do them - we've got several standing orders on our account - but I guess the car hire company may not accept them?

Meow

You can do standing orders, but not direct debits.

Dago

Just another angle - if they do try and cash a cheque and there is no money in the account then this may be a criminal offence and you can be in deep shit.

My advice is to give them the predated cheques if you must and let them use them. Seems simpler. Even more so is standing order.

Or a taxi.

Dago

I recall a case where someone tried to settle his tax bill by writing a cheque on a cow. I suspect that you ought to get 12 camels...

IndieG

Standing Order - not recommended unless it is an account to account transfer within the same bank, otherwise you'd end up paying 60-80 dhs for each wire transfer.

Best to write out post dated cheques for the exact amount and date, and make sure you're account is funded on that date.

Do NOT give a hire company a blank cheque!

Robbies

write the 12 cheques in full; so 12 different dates (each month of the lease), payee filled in, value written in full text & numeric, and signed.

Then rather than giving the lease company cash, pay the cash each month into the bank account where the cheques are from each month. Saves giving cheques that may not be used.

That way the company could only get 12 cheques worth out of you, not 12 months cash and a cheque you forgot to cancel (which there will be a charge for anyway)