personal cheque

[kikicatfood]

I've just sold a property and would like to share the profit received with a relative. The money is in my bank. Can I write a personal cheque for a large amount of money (a good few thousand)? or do I have to go to the bank in person to get it arranged?

[jno]

you should be able to write a cheque for all the money you have, but as a security measure - for your own security - the bank will want to be certain a big cheque is not some sort of con. Phone them and ask what their practice is.

[Taylortax]

Unless you're going to hand it to your relative in person, i would go for a transfer rather than a cheque. Our wonderful Post Office have an unerring ability to lose the most important stuff, whilst still delivering all the dross. Don't forget the Inheritance tax laws as well - stay out of the way of buses and axemen for seven years, or Gordon Brown will want his share too!

[whiffey]

I would set them up as a contact in internet banking, then you can transfer money directly from your account to theirs.

It would be a good idea to message the bank (which you can also do via internet banking) a few days in advance to tell them that you are soon to be transferring a very large amount of money to that payee.

[Skyline D]

Or alternately, and far more simply, YES you can write a cheque for whatever you like as long as you have the money in your account to cover it.