![]() If the prize is being paid through electronic transfer, the account must be with a financial institution, such as a bank. If the total prize money is more than $5,000 and the prize-winner requests to have the entire amount paid by crossed cheque or EFT, not just the amount over $5,000, you must do so.Ī prize-winning cheque must be clearly marked with the words: Prize-winning cheque – cashing rules apply. electronic funds transfer (EFT) to a nominated account - if those means are available.crossed cheque made payable to the prize winner.If a person claims a prize of more than $5,000, the amount that exceeds $5,000 must be paid within 48 hours in one of two ways: ![]()
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