Cheque Cashing: delegation

Cheque Cashing: delegation

Cheque Cashing: delegation

When you cash a check personally becomes a problem, we can take advantage of the Delegation of the institution in which it commissioned someone else to replace us. We must, however, comply with certain rules. Here we go.

Built by delegation

To cash a check we can follow the usual rules specified by the Banks, but also benefit from the Delegation of the institution that allows us to "delegate" a person different from us just to cash a check made out to us. This is a very useful opportunity made available to banking institutions from which we can free ourselves from the obligation to bring us into a branch to deposit the check and collect the cash or turn them to our account. An alternative to cash a check: Let us see better.

Changing a check Delegation

Before you cash a check by the Delegation of the institution, it is important to go into a branch to discuss a five charge of that possibility. Although this is a practice allowed by all the banks, it should specify how each can provide different modes of application. Certainly will be required to travel to branch with:

The personal data of our current account holders

Data on our account

The personal data of the person for whom we want to make the Delegation

Each bank has specific forms to be filled out which will be our duty to affix the signature and, in some cases specified by each Bank, including the signature of the person in charge. A word of advice: Choose someone close to you, such as a relative or an employee.

The change at the door

We see, then, how can we cash the check through the delegation at any door of our Bank.

1. With regard to the compilation of the check: specify the amount of data on the recipient, who always remains our current account holders.

2. Cheques are "debt" that attributes, in this case, the right to us receiving a cash sum of money "through" the person in charge.

3. The delegate must go to an institution where our door was filed "proxy" and where you can change the allowance in cash or paid into account current.

4. Attention to the time limit to cash a check: 8 days are the maximum term if we execute the collection in the same municipality in which there has been issued, 15 days if they cashed in a different community. Besides these terms, the allowance may be "revoked" by the person who issued it.

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