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cashing a bank draft

  • 23-11-2012 11:43PM
    #1
    oceanman
    Registered Users, Registered Users 2 Posts: 1,793 ✭✭✭


    im closeing my bank account and was hoping to get my savings in cash, turns out the bank in question will only pay out by draft, no cash!
    is there somewhere i can get this cashed without opening another bank account? its a reasonably large sum i guess.
    thanks for any advise.


Comments

  • #2
    Bank of Ireland: Pat
    Closed Accounts Posts: 354 ✭✭Bank of Ireland: Pat


    Hi oceanman,

    Thanks for your query. It is Bank of Ireland procedure that bank drafts must be lodged to accounts as they are considered crossed cheques. You would need to hold an account with us to lodge the cheque into.

    It may be possible to cash the draft in another bank or possibly a credit union, however, you will need to check with the individual institutions yourself as we cannot comment on other banks procedures.

    Sorry we could not be of more help.

    Thanks
    Pat


  • #3
    goldenhoarde
    Registered Users, Registered Users 2 Posts: 876 ✭✭✭goldenhoarde


    oceanman wrote: »
    im closeing my bank account and was hoping to get my savings in cash, turns out the bank in question will only pay out by draft, no cash!
    is there somewhere i can get this cashed without opening another bank account? its a reasonably large sum i guess.
    thanks for any advise.

    Why not get the savings paid in before the account closes and then make arrangemnets with the bank to withdraw in cash. then close the account?


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