to redeem

[Roadster]

I'm not sure in which context the verb to redeem is used.
Can we say: The cheque was redeemed by the bank?

 

[BobK]

You redeem a voucher or coupon.

In England a bank clears a cheque. What happens to a check in the USA is a matter way above my paygrade. ;-)

b

 

[Rover_KE]

I'm not sure in which context the verb 'to redeem' is used.

Click here to read 1,800 examples of 'redeem' used in a variety of contexts, Roadster.

To read more, change the headword to 'redeemed', redeemable' or 'redeemer'.

HINT: Bookmark that site for future reference.

 

[Matthew Wai]

The Longman Dictionary reads "honour a cheque"── quoted from http://www.ldoceonline.com/dictionary/honour_2 Definition #5

 

[bhaisahab]

The Longman Dictionary reads "honour a cheque"── quoted from http://www.ldoceonline.com/dictionary/honour_2 Definition #5

Yes. That is possible, too.

 

[MikeNewYork]

I don't believe I have heard of a bank "redeeming" a check in the US. They cash checks or deposit checks.

 

[SoothingDave]

And the checks "clear."

 

[Matthew Wai]

I don't believe I have heard of a bank "redeeming" a check in the US.

Is it possible that a bank cashier goes to another bank to redeem a check issued by the latter?

 

[SoothingDave]

It's all electronic now. Bank A sends images of the checks it has drawn on Bank B. Bank B sends the images they have of checks drawn on Bank A. When the banks verify all images are proper and funded, they settle the differences between the two banks.

 

[Tdol]

The Longman Dictionary reads "honour a cheque"── quoted from http://www.ldoceonline.com/dictionary/honour_2 Definition #5

It is possible, but I hear it used mostly in the negative, when a cheque bounces.

 

[BobK]

It's all electronic now. Bank A sends images of the checks it has drawn on Bank B. Bank B sends the images they have of checks drawn on Bank A. When the banks verify all images are proper and funded, they settle the differences between the two banks.

Maybe so in the USA. In the UK I think they still use carrier pigeons. [At least, that's the way it seems - it takes nearly a week to clear a cheque.]

b

 

[SoothingDave]

Debits to your account go out instantaneously.

Credits take time to clear.

 

[Roman55]

I am not a teacher.

In France they have a great system. Debits to your account go out before they are made!