The Forrest City times. [volume] (Forrest City, Ark.) 1871-1919, 1901-08-23
ENGLISH BANKING cus7o,--
tice That Are Like ana rae
Unlike Ours

Bankers adopt various ,vs.
marking dishonored ehects ms OF
done in such manner that HIT 10y u is
10 whom they are returned M. soh
cusably protest that the banl-as,s eA'
swer is unintelligible to him an
(refer to drawer are the Iett.r.SD u.
are most often written upon a 1 a'
honored check by a banker and .t us
meaning is that the drawer has no .-s'
money standing TO his credi, - we
the check he has given. saws the se'
don Mail. 'Ne Lon
y. > mot sufficiently implies thatn.
drawer has some money standir. ne
his credit, but not enough to NEE. - %
check which the banker has !,
marked. y banker never sta... AA
amount of the deficiency. nor ~, vac
If asked by the presenter. oiya az
idea of what sum is STANDING - -.
customers credit, as the payee ~, IN
he supplied with this inforno,; ~
could pay in the sum wanted. and w
represent the dishonored ehecl, - leA
the banker would be bound - I'M mn
il. uof
In Scotland the presentation =,
check entities the payee or boIder -
lien upon any smaller sum that NJ
be standing to the drawers credit
In the eye of the law vour baDLo.,
liable upon any forged check which -
may have debited to your accom-.
For forged Endorsements. bo,roras
the paying banker is not liable 81,
is therefore most important thai w.
should receive an acknowledgment .,
all checks dispatched by you thronsh
the post from the persons to wbam
you send them. In sending cbaoL.
through the post it is always well ;.
remember that bona-tde holder ubo
gives value for a stolen check nrov;a.
ed II IS not tainted with forgery "a,
sue you. whereas, if the words "no,
negotiable" be written across tbs
check, he cannot.
Many people have somewhat bazv
notions about out-of-date checks vet
the matter is quite simple. The draw.
er does not cease to be liable upon the
instrument until six years after the
date thereupon. though most bankers
would probably decline to paw check
that had been outstanding more than
six months. The drawer NAV claim
damages from the payee If he can
prove that he has suffered loss
through his delay.
If banker return a customers
check when his account il realityisin
funds the customer can bring an ac.
ton against his banker for damages
and. adds Mr.. Warren. the banker
generally prefers to settle such case
privately.
Tie question IS often asked What
balance should a customer keep witha
bank IN order to entitic him to have
his accounts conducted free Of
charge"
This IS answered as follows: "a
small account in the provinces, upon
which an average balance Of $50 is
kept. will be conducted free. and 49,
It does not appear customary to debit
such accounts in London with any
commission provided a credit balance
of from & GO to 500 be maintained.
If, therefore. your account be of this
description and you find debit Of
IS. Cd. or IS. in your bank book, by all
means decline to pay it, for it may as
well be stated at once that joint
stock bank official often considers the
nature of the customer as well as the
nature OF the account. and that he
will, if he thinks you look juggins'
debit your account with a few shillings
at the end OF each half year.