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cancelling a cheque

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souldriver | 18:59 Fri 28th Jul 2006 | Business & Finance
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If i cancell a cheque, what happensnext. i have had to cancel a cheque for �00 that was deposite on something. on my statement online i have been charged �10 for this and it says cheque cancelled. When the payee trys to cash the cheque will they get told that it has bounced or something. I have never had to do this before, thanks in advance.
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should have said cheque was for �500
Have you cancelled the order? Is the company aware that you have cancelled the cheque?

They will be told the cheque has been cancelled - if you have not informed them you may be in breach of contract.
The payee will pay the cheque into their account as normal and then a few days latter it will 'bounce' and they will have the cheque returned to them by their bank with the reason 'Payment Stopped' or 'Paymnt Coutermanded By order of Drawer'.

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cancelling a cheque

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