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Pay "Cash"

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Raj | 23:45 Mon 26th Feb 2007 | Business & Finance
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If a cheque is made payable to "cash", what does that mean?
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Avatar Image auzzie
It means that you go to the cashier at the bank, hand the cheque over to the cashier and you will get the value thereof in cash. If it is a substantial amount, ID might be needed.
00:00 Tue 27th Feb 2007
Avatar Image dancecaller
I thought you couldn't do that now because of money laundering regs.
15:00 Tue 27th Feb 2007
Avatar Image auzzie
We do it for wages, but having said that ,we have used the same bank for years!
20:36 Tue 27th Feb 2007
Avatar Image spudqueen
If it is your cheque then that is how you draw money out of your account at the bank counter.
21:02 Tue 27th Feb 2007

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