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- I have a stand at a show coming up in june, and will be able to accept only cash and cheques. I can't quite remember when accepting cheques what to look for and how to cover yourself if the cheque bounces - is it just the card number and expiry date that you write on the back of cheque?
Any info would be great thanks!20 May '07 - 7.03pm
- It should be sufficient to write the card number (usually four sets of four digits) on the back of the cheque, but don't forget the following points:
Check the card - it should have a hologram of Shakespeare's head along with the maximum amount it will guarantee, usually somewhere between £50 and £250. If the cheque is for more than that, it won't guarantee payment.
The bank sort code (six numbers written in groups of two) and the account number (usually eight or nine numbers) should also match that on the cheque. The card will also have an expiry date, so check that it's still valid.
Check the customer has written the date and payee correctly. Also check that they have signed the cheque and that the signature on the cheque is at least similar to the signature on the card!22 May '07 - 11.18pm
