Have arranged my own DMP with Creditors, and am still running my own current accounts for both my business and personal.
This is probably a stupid question, but since one the companies that I work with is not going to pay me on time this month, and they will be 3 days late, I am not going to have the funds in my account on the day I should have.
So, what I want to know is when you write a cheque, say for fuel or supermarket etc., and you use a cheque guarantee card, does the system check that funds are actually in your account (think this is what it does with Switch??) or does it just print the cheque?
It is just that I notice in Sainsbury's that even if I pay by cheque, and I use my cheque book a lot since I keep better track of spending like this, that on the machine that you would put your switch card, it will say processing, and am assuming this means checking funds?
Sorry this is so long winded, just don't want to have to write a cheque for fuel or something the day before money is in account and get refused!!