In message , Tim
wrote
"RobertL" wrote
So what will they do with the crossed cheque from the premium bonds?

NS&I don't give you crossed cheques from premium bonds...

Although they are called warrants (NS&I state that they are like
cheques) they are crossed with the words "ACCOUNT PAYEE ONLY"

The accompanying slip says
" Please sign the warrant and pay it into your bank as soon as possible"
No other method for payment is specified!
--
Alan
news2009 {at} admac {dot} myzen {dot} co {dot} uk

On Mon, 15 Jun 2009 22:00:22 +0100, Alan
wrote:

In message , Tim
wrote
"RobertL" wrote
So what will they do with the crossed cheque from the premium bonds?

NS&I don't give you crossed cheques from premium bonds...

Although they are called warrants (NS&I state that they are like
cheques) they are crossed with the words "ACCOUNT PAYEE ONLY"

The accompanying slip says
" Please sign the warrant and pay it into your bank as soon as possible"
No other method for payment is specified!
So going back to your original point about security... if they're not
crossed, there's no security. And if they are, well, I guess you can
still "open the crossing" by signing across it. Or am I getting
confused in my old age?

"RobertL" wrote
So what will they do with the crossed cheque from the premium bonds?

"Tim" wrote
NS&I don't give you crossed cheques from premium bonds...

"Alan" wrote
Although they are called warrants (NS&I state that they are like cheques)
they are crossed with the words "ACCOUNT PAYEE ONLY"

Exactly ... they are crossed warrants, *not* crossed cheques...

Tim wrote:

"RobertL" wrote
So what will they do with the crossed cheque from the premium bonds?

"Tim" wrote
NS&I don't give you crossed cheques from premium bonds...

"Alan" wrote
Although they are called warrants (NS&I state that they are like cheques)
they are crossed with the words "ACCOUNT PAYEE ONLY"

Exactly ... they are crossed warrants, *not* crossed cheques...

Is there a difference other than in name? They are described as
"like cheques", but in what way(s) are they unlike cheques?

If they are capable of being cashed directly (as someone up-thread
claimed could be done, for example by people who don't have a bank
account), this would seem to imply that the crossing on the warrant
is ineffective.

"tim....." wrote in message
...

"Derek F" wrote in message
...

"Tiddy Ogg" wrote in message
...
On Fri, 12 Jun 2009 11:00:50 +0100, Allan
wrote:


Well, why not listen to this. Stop wasting paper and postage, make the
prize payments more secure, and start paying prizes via BACS.

It might surprise you, but there are still people who do not, or will
not, have a bank account. And they'll use the recent shenanigans as
evidence that their decision is a wise one.

How do they cash their Premium Bond Cheques?

They're not cheques, they are warrants (whatever that actually means). As
the other poster says, the Post Office will pay out cash on them. The
last time I tried, they do this in return for an unchecked signature so
possibly they are "pay to bearer" instruments.

tim

You did not have to prove your identity?
Derek

"Derek F" wrote in message
...

"tim....." wrote in message
...

"Derek F" wrote in message
...

"Tiddy Ogg" wrote in message
...
On Fri, 12 Jun 2009 11:00:50 +0100, Allan
wrote:


Well, why not listen to this. Stop wasting paper and postage, make the
prize payments more secure, and start paying prizes via BACS.

It might surprise you, but there are still people who do not, or will
not, have a bank account. And they'll use the recent shenanigans as
evidence that their decision is a wise one.

How do they cash their Premium Bond Cheques?

They're not cheques, they are warrants (whatever that actually means).
As the other poster says, the Post Office will pay out cash on them. The
last time I tried, they do this in return for an unchecked signature so
possibly they are "pay to bearer" instruments.

tim

You did not have to prove your identity?

It's ages since I took one into a post office, so no!

tim