customers urged to follow cheque-writing guidelines by Finance News Bulletin

Published: 20/02/07

Consumers are being urged to become conscious of best practice concerning how they write out chequesTo safeguard against fraud, banks and building societies now advocate that extra details like the name or account particulars of the beneficiary of the cheque should be addedThe changes, announced last December, are future to create it absolutely clear who should benefit from the funds and assist prevent fraudsters paying in stolen chequesCommenting on the changes, Ian Mullen, chief executive of the British Bankers' friendship (BBA), said it was "vital that the industry continues to make life for the illegal as difficult as possible"

"The new measures are simple, but provide additional safety when a cheque is made payable to an institution such as a bank or structure society and follow good practice guidance that is included in the banking code," he addedconditions of use Advertising Resources Product guides push releases

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