Settlor check to start trust isn’t honored

[risingsun]

i would do a bit more digging there….try and contact bank again and ask why and how to remedy…. or ask mark himself. cheers, good luck and let us know how you go.

[SE.Founder]

Hi Rising Sun. May I suggest rather than airing frustration publically, that you come to us at Solutions Empowerment to inform us about the bounced cheque, as three other members did – all win a 2 day period of ech other.

We wourselves were unaware BCU no longer honoured its own cheques after 24.05.24. BCU certainly didn’t tell us. We are aware though no cheque books would be issued by them after 1 May 2024. However, even cheques drafted prior to 1 May 2024 were not honoured after 24 May 2024, despite funds being within the SE account.

If blame needs to be directed somewhere, perhaps its the Banks or the legislators in government who drafted legislation to remove cheques from the marketplace.

I hope this assists you in clarification of why the cheque was dishonoured. Regards Mark, SE Founder

[risingsun]

hi…agreed….matters like that shouldnt be asked publically…but just for clarification, the original post was not mine…..i was simply responding to whomever posed the question… with either ask the bank or yourself why there seemed to be an issue…anyway, hopefully, its all been resolved..cheers

[morag-janet-of-the-hill-family]

The original post was Posted by
zappbranigan on July 12, 2024 at 10:39 am not Rising sun.

[Christopher]

that issue has been resolved, but I still don’t have an answer to the particular question, I guess it’s only academic now though.

[Bonez]

I haven’t cashed in the cheque for my trust yet so probably good to know this now rather than be confused as to why it may have bounced back, still waiting on the bank to call me to let me know the account is ready to use, they told me would be last week so maybe a follow up call is in order