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Thread ID: 136569	2014-03-17 04:19:00	When can you cancel a cheque?	Nomad (952)	PC World Chat

Post ID	Timestamp	Content	User
1370429	2014-03-17 04:19:00	Does anyone know when one can cancel a cheque? Is it just 1 or 2 days after the person presents the cheque to their bank? Not myself directly but some people having issues with a a painter. Painting is quite expensive so we were just going to get someone we know to fix some timber and do the painting ourselves. Then someone rang us and dropped his 20k to 7k price. We didn't want top quality, the people were into their ages and thought since it wasn't expensive just let them to do it. After the scaffolding was organised thru a firm, one of the window was fixed thru one of his contacts. He begins the prep work and paint - he ask for a cheque and we gave it to him which he presented to the bank the same day. The people living there said that they (2 people) arrive on site for an hour or two and when the landlord leaves they pretty much leave too. 2 days after he says he is almost done and wanted the rest of the payment. They gave him the 2nd cheque but not the full amount which will be done at the end. They go and check the work, they only wanted a small part of the roof to be painted but it hasn't been done yet, the 1/2 of the weatherboards is still bare. For the other 1/2. He used a spray gun and there patches where one part looks darker than the others. He only put masking tape on the window which is still there after a few days, also there are paint sprayed onto the window glasa and onto the neighbours building. He was there on the Friday, and wasn't there on the weekend, said he would be in today (Monday) but he wasn't. We were able to cancel the 2nd cheque the next business day when they notified the bank but not the first cheque.	Nomad (952)
1370430	2014-03-17 05:16:00	Most banks say it takes 3-5 working days for a cheque to clear, which means Monday-Friday, the weekends are not counted as business days. You should be able to cancel in that time. Once its cleared and the person paid you cant cancel it. www.bankomb.org.nz (www.bankomb.org.nz)	wainuitech (129)
1370431	2014-03-17 05:31:00	Geez nomad, is this the one you were asking about on geekzone? As stated there, pay peanuts get monkeys	plod (107)
1370432	2014-03-17 09:51:00	Unless the payee has requested a special answer (fast clearance), as wainuitech states, you have up to five days to put a stop on the cheque (which will cost the payer). Don't muck about - get in as fast as youcan	johcar (6283)
1370433	2014-03-17 17:50:00	Geez, you see this on Fair Go all the time. NEVER pay the person upfront. Why did they??	pctek (84)
1370434	2014-03-17 20:09:00	They were able to cancel the 2nd but not the 1st cheque. He said he needed money for the timber that he was replacing .. the 2nd cheque he said he is nearly done and but they gave him a cheque in sucessions (not the full amount). The guy was someone that their own friend knows. Initially he asked for $20k which is the rough going market rate it seems, they found it expensive but he came back to the property and offered to drop the price down to 7k. They already bought the paint themselves. Was planning to do the work DIY. But thought given their age it would be less labour intensive for others to do it. They weren't looking for a real pro job, just a good enough DIY job to save the elbor grease. Initially, someone else they know is busy working on a commercial property - this other person was going to replace the timber and then they were going to paint it themselves.	Nomad (952)
1370435	2014-03-17 20:32:00	Hindsight is a fine thing, BUT alarm Bells should have gone off when there was drop in price form 20K to 7K for the same job?? If 20 K was the going rate then maybe a little bit cheaper but not by that much.	wainuitech (129)
1370436	2014-03-17 21:01:00	In that situation (contractor says he hasn't got the cash to buy the materials up front) I'd go buy the materials myself and supervise their use. Labour can be paid in progress instalments, subject to quality of work. That way you can toss them off the site at short notice and lose bugger all. I'd never pay up front, and when we did a major rebuild we had retentions which were only transferred once everything was finished to the required standard. Their money is probably gone, conmen have no conscience. Cheers Billy 8-{)	Billy T (70)
1370437	2014-03-18 00:47:00	In that situation (contractor says he hasn't got the cash to buy the materials up front) I'd go buy the materials myself +1 Husband has had maintenance payments. However the way that works, the job goes on and on, he buys loads of stuff, not all at once, eventually he needs some money, so we write the invoice out for the first lot of materials used, no labour at this point, not the later on materials, and get paid for that bit. Then when the job is done, have the total - more materials listed, minus off the already paid for stuff, then add the labour on at the end. See? itemised, not paying it all....	pctek (84)
1370438	2014-03-18 01:58:00	As someone mentioned "FairGo" would have a picnic with this one. $20,000 down to $7,000 is definitely a "rip-off" as there must surely be a margin of profit in the $7,000 now given for the revised cost. Lurking.	Lurking (218)
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