Common use of Cheque Clause in Contracts

Cheque. All cheques deposited must be made payable to the Account Holder. Endorsed third party cheques will generally not be accepted, although We reserve the right in Our absolute discretion to accept a third party cheque. If We accept a third party cheque We do so subject to You indemnifying Us in accordance with these Terms and Conditions. The amount stated on a cheque received by Us shall not be deemed to have been paid to or received by Us and no withdrawals or transfers of funds may be made against it until the amount of the cheque has been unconditionally credited to Our Account. Generally this takes three working days for Australian dollar cheque deposits. Cheques should be drawn in favour of the ‘Account Holder name’ and should be either: posted to the following address for banking on Your behalf; BOQ Specialist PO Box 2539 Sydney NSW 2001 or deposited at any BOQ or NAB branch as follows: Account Name: Name of Your Account with BOQ Specialist Bank Name: BOQ Specialist BSB: 951-200 Account Number: Your BOQ Specialist Account Number Please always advise Us of any cheque deposits made directly into the account to expedite processing. Travellers cheques and bank drafts are not permissible.

Cheque. All cheques deposited must be made payable to the Account Holder. Endorsed third party cheques will generally not be accepted, although We reserve the right in Our absolute discretion to accept a third party cheque. If We accept a third party cheque We do so subject to You indemnifying Us in accordance with these Terms and Conditions. The amount stated on a cheque received by Us shall not be deemed to have been paid to or received by Us and no withdrawals or transfers of funds may be made against it until the amount of the cheque has been unconditionally credited to Our Account. Generally this takes three working days for Australian dollar cheque deposits. Cheques should be drawn in favour of the ‘Account Holder name’ and should be either: posted to the following address for banking on Your behalf; BOQ Specialist PO Box 2539 Sydney NSW 2001 or deposited at any BOQ or NAB ANZ branch as follows: Account Name: Name of Your Account with BOQ Specialist Bank Name: BOQ Specialist BSB: 951-200 Account Number: Your BOQ Specialist Account Number Please always advise Us of any cheque deposits made directly into the account to expedite processing. Travellers cheques and bank drafts are not permissible.