0 a small plastic card that you sometimes show when you pay for something by cheque as proof that your bank will pay the money you owe --
1 → cheque card --
Individual banks are free to issue their own cheque guarantee cards providing for higher limits outside the scheme.
Most importantly, it gives power to the building society to issue cheque guarantee cards.
I have received no representations on the limits applicable to cheque guarantee cards.
They usually had to be accompanied by a cheque guarantee card in order to be accepted in payment at a point of sale.
When such cards have been utilised by banks and building societies, they have proved to be tremendously successful in reducing credit card and cheque guarantee card fraud.
The banks do not want to increase the limit because if a cheque guarantee card is stolen they would have to honour £100 instead of £50.
I should have thought that the minimum intervention which might be required would be to restore the cheque guarantee card to its original real level.
The only circumstance in which they could be so would be if a cheque guarantee card made a pre-existing relationship.
