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Cheque/Warrant. Different?
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Graham Harrison
Dec 30, 2011, 2:35:02 PM12/30/11
to
I receive a dividend from a Canadian company. For their own reasons they
cannot/will not pay me via BACS so I receive what I've always thought of and
treated as a cheque. The document is drawn on a UK bank, in GBP, with
sort-code, account number, cheque number and I pay it in to my bank just
like any other cheque. So I've always worked on the basis "It walks like a
duck, quacks like a duck etc..."
A new cheque appeared today and I noticed it had the following wording on it
(small print!). It may well have been there on previous cheques and I
never noticed it:
"If not presented within TWELVE MONTHS this warrant must be returned for
verification."
So what, if anything, is the difference between a warrant and a cheque or is
one a form of the other?
cannot/will not pay me via BACS so I receive what I've always thought of and
treated as a cheque. The document is drawn on a UK bank, in GBP, with
sort-code, account number, cheque number and I pay it in to my bank just
like any other cheque. So I've always worked on the basis "It walks like a
duck, quacks like a duck etc..."
A new cheque appeared today and I noticed it had the following wording on it
(small print!). It may well have been there on previous cheques and I
never noticed it:
"If not presented within TWELVE MONTHS this warrant must be returned for
verification."
So what, if anything, is the difference between a warrant and a cheque or is
one a form of the other?
Owain
Dec 30, 2011, 3:10:01 PM12/30/11
to
On Dec 30, 7:35 pm, "Graham Harrison" wrote:
> "If not presented within TWELVE MONTHS this warrant must be returned for
> verification."
> So what, if anything, is the difference between a warrant and a cheque or is
> one a form of the other?
According to wikipedia (I know, I know ...)
> "If not presented within TWELVE MONTHS this warrant must be returned for
> verification."
> So what, if anything, is the difference between a warrant and a cheque or is
> one a form of the other?
Warrants look like cheques and clear through the banking system like
cheques, but are not drawn against cleared funds in a deposit account.
A cheque differs from a warrant in that the warrant is not necessarily
payable on demand and may not be negotiable.
Owain
Andy Burns
Dec 30, 2011, 2:50:02 PM12/30/11
to
Graham Harrison wrote:
> A new cheque appeared today and I noticed it had the following wording
> on it (small print!). It may well have been there on previous cheques
> and I never noticed it:
>
> "If not presented within TWELVE MONTHS this warrant must be returned for
> verification."
I thought a normal UK cheque had an expiry period of 6 months?
> A new cheque appeared today and I noticed it had the following wording
> on it (small print!). It may well have been there on previous cheques
> and I never noticed it:
>
> "If not presented within TWELVE MONTHS this warrant must be returned for
> verification."
the Omrud
Dec 30, 2011, 6:35:01 PM12/30/11
to
the feeling that UK dividends used to say the same thing.
--
David
Graham Harrison
Jan 2, 2012, 3:35:02 PM1/2/12
to
"Owain" <spuorg...@gowanhill.com> wrote in message
news:71c3e71a-0cb8-456e...@p42g2000vbt.googlegroups.com...
Thank you.
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