Common use of Cheques Clause in Contracts

Cheques. If you are an Accountholder, the following provisions apply in respect of cheques: (a) Payments from your Account (i) Cheques issued by you on your Account will normally be received by us two or three Business Days after they are lodged at the recipient’s bank. Such cheques will usually be processed on the day they are received by us. However, if your cheques are presented for payment through a Post Office, funds will be taken from your Account on the day they are received by us; (ii) Cheques will not normally be returned to you. Cheques issued by you, or copies of the cheques, will normally be held by us for six years following payment. We will provide details of them on request. The charge for this will be detailed in our Brochures; (iii) If a cheque issued by you is post-dated when presented to us, or if it is more than six months old, or if the money amount in words differs from the amount in figures, we may return the cheque unpaid. However, we do not undertake to do so, and may pay the cheque instead, debiting your account. We may pay either the amount in words or the amount in figures, if they differ; (iv) If you issue a cheque you can stop payment of it, if it has not already been paid out of your Account You must inform us of the date it was written, the number of the cheque, who it was made payable to and for what amount. This must be confirmed in writing. We will then take the necessary action to comply with your instructions. There is normally a charge for this service; (v) You are responsible for costs incurred due to incorrectly written cheques. You must exercise care when making out cheques and we will not be liable for any losses arising from alterations which cannot be detected readily. You must ensure that you write cheques carefully, in order to prevent alterations and forgeries; (vi) Cheques from your euro cheque book should be written in euro only and normally for use within Ireland. A cheque presented for payment from outside of Ireland will take longer to process and may attract higher clearing charges; (vii) We must be advised as soon as possible if you realise your cheques have been lost or stolen or you think someone has issued one of your cheques without your authority; (viii) If you draw cheques, authorise or make payments without sufficient money available in the Account from which payment is to be made, allowing for any overdraft limit and for uncleared cheques and other effects, we may return the payments and make a charge for doing so.

Cheques. If you are an Accountholder, the following provisions apply in respect of cheques: (a) Payments from your Account (i) Cheques issued by you on your Account will normally be received by us two or three Business Days after they are lodged at the recipient’s bank. Such cheques will usually be processed on the day they are received by us. However, if your cheques are presented for payment through a Post Office, funds will be taken from your Account on the day they are received by us; (ii) Cheques will not normally be returned to you. Cheques issued by you, or copies of the cheques, will normally be held by us for six years following payment. We will provide details of them on request. The charge for this will be detailed in our Brochures; (iii) If a cheque issued by you is post-dated when presented to us, or if it is more than six months old, or if the money amount in words differs from the amount in figures, we may return the cheque unpaid. However, we do not undertake to do so, and may pay the cheque instead, debiting your account. We may pay either the amount in words or the amount in figures, if they differ; (iv) If you issue a cheque you can stop payment of it, if it has not already been paid out of your Account You must Youmust inform us of the date it was written, the number of the cheque, who it was made payable to and for what amount. This must be confirmed in writing. We will then take the necessary action to comply with your instructions. There is normally a charge for this service; (v) You are responsible for costs incurred due to incorrectly written cheques. You must exercise care when making out cheques and we will not be liable for any losses arising from alterations which cannot be detected readily. You must ensure that you write cheques carefully, in order to prevent alterations and forgeries; (vi) Cheques from your euro cheque book should be written in euro only and normally for use within Ireland. A cheque presented for payment from outside of Ireland will take longer to process and may attract higher clearing charges; (vii) We must be advised as soon as possible if you realise your cheques have been lost or stolen or you think someone has issued one of your cheques without your authority; (viii) If you draw cheques, authorise or make payments without sufficient money available in the Account from which payment is to be made, allowing for any overdraft limit and for uncleared cheques and other effects, we may return the payments and make a charge for doing so.