Bank Charges

[CarinaB]

How much does it cost to cancel a cheque?

[dzug]

It depends on your bank.

�10 is one charge I've seen

[Oneeyedvic]

I assume you know that you can't cancel a cheque if you guaranteed it with a card.

It also does not cost to cancel a cheque book if you have (for exmaple) lost it.

If you need to cancel a cheque for another reason, then I would contact your bank for a cost. Most have 24 hour lines nowadays.

[Buenchico]

I recently had to look at several banks' websites to answer another question on AB. It quickly became apparent that most charges are common to all the major banks. I've just checked the website for the Royal Bank of Scotland and, as Dzug suggests, the charge is �10 (unless the cheque was lost or stolen).

OneEyedVic is, of course, correct in stating that you can't stop a cheque which was supported by presentation of a cheque card.

Chris

[stevie21]

If you've sent a cheque through the post or handed it to a mate and guaranteed it then you can cancel it. The guarantee bit only comes into play if it's done, for example, in a shop and it's the shop that do the guaranteeing.

Beyond that, ask your bank how much. That's much easier, quicker and more accurate than asking here. With some banks it costs nothing, with others, apparently a tenner.