Certainly needs more clarity?
It is not our experience when paying by bank cheque for a vehicle, or with solicitors and property transactions. The funds were debited from our account when the bank cheque was drawn. They were transferred to the bank to the value of the cheque.
Banks do have procedures for putting a halt on a bank cheque. A more complex situation.
Although NAB has this to say which suggests the bank will honour a bank cheque presented if it is rightfully acquired, whether or not NAB has been paid for the bank cheque by the customer.
