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Cheque given to child with no bank account

54 replies

LoveIndubitably · 03/12/2024 18:56

I have primary age DC and they don't have their own bank accounts. (I have a savings account for them in my name). A relative has kindly sent a cheque as a gift to one of them, in the DC's name. Is there any way of paying this in without opening an account for them? (I suspect not but thought it worth asking!)

There aren't any bank branches local to us any more as they've all closed down within the last couple of years.

OP posts:
CRbear · 04/12/2024 07:56

CRbear · 04/12/2024 07:53

You can transfer cheques to others by writing something specific on the back of it- pretty sure it includes the word bequeath or something haha.

i won’t be opening children’s bank accounts for savings I’ve made for them in their names- I don’t want them having unfettered access to the money when they’re old enough.

Found it - you write “Pay the order of” followed by your name to sign it over to you.

healthybychristmas · 04/12/2024 08:03

Surely you can't do that on someone else's cheque? It's up to them to do it on their own cheque.

CRbear · 04/12/2024 08:05

healthybychristmas · 04/12/2024 08:03

Surely you can't do that on someone else's cheque? It's up to them to do it on their own cheque.

We used to do it all the time as kids- to our parents who then gave us cash . Late 90s to mid 2000s. Cheques are so old fashioned I can’t imagine much has changed!

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dementedpixie · 04/12/2024 08:08

CRbear · 04/12/2024 07:56

Found it - you write “Pay the order of” followed by your name to sign it over to you.

You cant if it is a crossed cheque. It has to go into a bank account that matches the name on the cheque

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