Question about cheque?Please offer advice,thanks!

xxthunder SG

I have a cheque issued to me by DBS bank with a chop not negotiable payable to account payee only.the amount is $240.

I am told that I cannot cash out this cheque due to the chop not negotiable payable to account payee only.I can only use it to open an account if I top up the difference to make it $500.

The problem is I don have the money to do so.Does any one know of any banks that I can open an account with $200.Can I do so since the cheque being issued is by DBS with the chop not negotiable payable to account payee only.

I need the cash to settle my finanical commitment,please offer your kindly advice.Thanks!

allentyb SG

have you tried asking a POSB bank?

have you called 1800 111-1111

Darkness_hacker99 SG

You don't have a bank a/c??

JasonC SG

is the cheque made out to your name?
You can clear the cheque with the bank you have an account with, provided the name of the account tallies with the name on your cheque

xxthunder SG

No,cause too poor to maintain one.

^tamago^ SG

and now u have gotten urself in a pit. Neutral

all BBA's in singapore require $500 to make a deposit. u might consider asking a fren to help u deposit, or ask the person who wrote it to write a non-crossed cheque.

X-men SG

you die die have to bank in the cheque to your account if the payee name is yours.

if no name but only the chop.. then it has to be bank in.

if only payee is "CASH" then it can be cash out.

pqr SG

May bank just need S$200 to open...

contact maybank for more details

menoob SG

www.fairpriceplus.com

no minimum deposit needed

pqr SG

oh ya...that is good too !