From: john boyle 
Newsgroups: uk.finance
Subject: Re: Money mule (type of scam)
Date: Tue, 16 Aug 2005 00:25:17 +0100

In message <3mcie5F163sblU1@individual.net>, Tumbleweed 
 writes
>John, just to clarify, will asking 'is it paid' involve the bank contacting
>the originator (via the originating bank I suppose as the recieving bank
>wouldnt know the details)? Or might they take a chance depending upon the
>value (and in effect then agree to carry the risk of it subsequently being
>fraudulent?)

I dont know what you mean by 'originator'. If you mean 'drawer' i.e. the 
person upon whose account it is drawn, then the answer is no. If you 
mean 'drawee' i.e. the bank upon which it is drawn then the answer is 
'yes'. In both cases I assume your use of the word 'bank' means the 
collecting bank., i.e. the one at which the cheque was paid in.'
>
>In either case, do you think bank staff are generally aware of this?

Undoubtedly not.

>Mine
>(Barclays) didnt suggest it as an option when I asked them a few weeks ago
>about a cheque. I'm presuming its a high cost option for them so making it
>well known this facility exists wouldnt necessarily be a 'good thing'.

You are right. It isnt a 'profit centre'. Teaching cashiers about it 
would take at least 10 or even 11 minutes in training time and it isnt 
considered to be worth the expense.
>

-- 
John Boyle