Hello: Recently, I received a refund from a company (in the UK). Because of physical infirmity and lack of transport, It is extremely difficult for me to go out, so my wife, being taken near to a Post Office by our son in his car, offered to pay it into her account, then give me the money in cash. It was a "Company Cheque", with the name of the company in big letters printed on the cheque. I signed it on the reverse, and thought that that would be OK. My wife placed the cheque in the envelope provided by the Post Office, and handed it over the counter.
A day or two later, the cheque was returned with a letter saying that the name of the payee, and the name of the bank account, did not match and that it could not be paid in.
I was under the impression that my endorsement would make the cheque payable to an account that was different than my own. Did the bank fail to see my signature, or what? Would my wife have been able to use the cheque as a "Pay Bearer" cheque, if she had simply tried to obtain cash for it over the counter?
With thanks in advance, for any helpful replies,
L.L.
A day or two later, the cheque was returned with a letter saying that the name of the payee, and the name of the bank account, did not match and that it could not be paid in.
I was under the impression that my endorsement would make the cheque payable to an account that was different than my own. Did the bank fail to see my signature, or what? Would my wife have been able to use the cheque as a "Pay Bearer" cheque, if she had simply tried to obtain cash for it over the counter?
With thanks in advance, for any helpful replies,
L.L.