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Whenever I have written a cheque I have always crossed it with "not negotiable" to protect the cheque. To me this means that the cheque can only be banked at a financial institution and deposited into only the account named on the cheque. However, recently a Condominium Cooperation wouldn't accept a cheque marked "not negotiable" for a security deposit saying that the cheque is "void" because I crossed it and they wouldn't be able to bank this should they need to. When I explained what "not negotiable" means they still refused the cheque but still couldn't explain to me why. I would like to know does writing "not negotiable" make a cheque "void" and are they correct in saying they would be unable to bank it? I'm confused as this is the first I've heard of this...
June 14, 2016 08:55:29 AM
In reply to Noreen, Toronto
Thank you for dropping by TD Helps, Noreen.
You have reached the TD Bank in the United States. Seeing that you're writing in from Toronto, Canada, we think you might be trying to connect with our friends, up to the North at TD Canada Trust. If so, we invite you to re-submit your inquiry on their TD Helps page here: http://go.td.com/1Ymzfmu. Our affiliate will be glad to respond once it is received.
We thank you again for writing in today, Noreen. Cheers!
LiShu R, Mount Laurel
June 14, 2016 08:55:55 AM
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