Cheque Cashing
 

As many as six million people in this country use cheque cashing services,
There are many reasons why this service is so popular, but the two main categories are:

1. No bank account
2. The need to cash a cheque on the spot

Some 7% of the population have no bank or building society account. It was to
provide a service to these people that Nutan Jewellers started cashing cheques. Banks charge around £15 to special clear a cheque, but it still takes up to two days to clear. The customer has made two journeys to the bank and is still not in possession of their cash.

 

We provide a professional service where our customer is able to cash a
Cheque, quickly and with the minimum of fuss.

THIRD-PARTY CHEQUE CASHING

Bring your third-party a/c payee wages, tax rebates, insurance pay-outs, housing benefit, giros, compensations, etc. All cheques must be dated within the last 28 days - Housing benefit and other Government cheques within the last 7 days. At our option, we may require cheques for larger amounts to be cleared through the bank before paying out the cash. In these cases there will be a Special Clearance Fee of £15.00 payable in advance to cover the bank charges. We do NOT cash on the spot private cheques in your favour. With a minimum of three documents of identification - containing at least one signature and another with proof of address - please be advised that we also require that you have your photograph stored in our database. We will verify the cheque, check the ID. And you will be told the cash you will receive against the cheque. You will be asked to provide personal details for our cheque cashing database, sign a declaration on the back of the cheque, and your cash will be presented immediately. Once on our system, you won’t have to provide any document of I'D. And you will find further transactions take a fraction of the time to set you up on our database.

Commission Charge which varies according to the amount of the cheque.

Operational requirements
Vender must be over 18 years of age.
Three forms of identification must be produced i.e.: see list below.

Payday Advance

If you are in full time employment and you run out of money before payday, then our shop advisers may be able to help you by giving you a cash advance against personal cheque. In order to use this service, you must have a bank or building society account, plus a cheque book and a valid cheque guarantee card. Take your cheque book into our shop, and write out a cheque made payable to our self. We will cash one cheque per day up to your Cheque Card limit, minus a service charge 5 to 10% depends on how many days we are holding your cheque and no registration or handling charge. In addition, we will not present your cheque to our bank until the day requested by yourself up to a maximum of 31 days, giving time for wages/ cheques to clear in your account.

Examples:

If holding cheque up to a month (30/31 days) £50.00 cheque would pay out £45.00,
£100.00 cheque would pay out £90.00 (with £100 Cheque card)

List of IDs