Cashier's cheques are perceived to be as good as cash but they are still a cheque, a misconception sometimes exploited by scam artists. Cashing a foreign bank cheque is possible, but usually very expensive.
However, a bank may refuse to honour a cheque if the post-date is noticed; otherwise, the payer has no right to take any form of legal action against the bank for letting the cheque be processed.
This delay allows the bank to ensure that the emitter of the cheque has enough funds in their account to cover the amount indicated on the cheque. This was my last payment before moving out of province. UK[ edit ] In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'.
But maybe that doesn't apply to people besides landlords. Due to this, credit cards are rather uncommon in Germany, Austria and the Netherlands, and are mostly used to give access to credit rather than as a payment mechanism. Many utilities and most credit cards will also allow customers to pay by providing bank information and having the payee draw payment from the customer's account direct debit.
The retailers will usually accept post-dated monthly cheque payment installments up to several months in advance allowing their customers to pay for expensive goods as a sort of a line of no interest credit.
The cent total can be written in numbers.