2006-09-26 05:12:49 · 15 answers · asked by Annie 1 in Business & Finance ➔ Personal Finance
Cheques never clear, they are made availble to you. However if you need the disclaimer here it is:
"You should allow at least 4 working days before using money from a cheque you have paid"
Sometimes the funds will show up immediately if you pay it in your home branch but not always. But usually in up to 4 working days! But can still come back unpaid!!
2006-09-26 05:26:12 · answer #1 · answered by Mr Y! Answers 3 · 0⤊ 0⤋
Nat West do not use on line real time systems so it can take up to 4 days. Lloyds tsb is the only UK bank that has real time banking so in house cheques are cleared the same day
2006-09-26 06:31:48 · answer #2 · answered by swoodleybird 3 · 0⤊ 0⤋
3 days
2006-09-26 05:16:57 · answer #3 · answered by Denise W 4 · 0⤊ 1⤋
This would normally be 3-5 working days.
2006-09-26 23:15:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can draw on it from a machine (but not at the counter??) after 3 days, but it doesn't actually clear for 6 days.
2006-09-26 06:35:38 · answer #5 · answered by bambam 5 · 0⤊ 0⤋
Technically it is instant, but they have what is known as standing/waiting days, this can vary from 1-7 working days. This is so they can earn interest on it without passing it on to you. See moneysaver.com
2006-09-26 05:26:36 · answer #6 · answered by psychoticgenius 6 · 1⤊ 0⤋
Hi Annie,
If both accounts are at the same branch then it should be same day clearance.
If not it should take the standard three working days!
Hope that helps
2006-09-26 06:16:14 · answer #7 · answered by lisxxx72 1 · 0⤊ 0⤋
It can be as much as 7 days if it means that they can hit you with a charge in some way or other. THERE IS A BETTER WAY: Close your account and move to another bank!!!!
Before it is tooooo late.
You have been warned.
2006-09-26 05:25:14 · answer #8 · answered by Anonymous · 0⤊ 1⤋
I think its 4 working days,
2006-09-26 05:24:28 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Anything up to five days and in the meantime the bastards are earning interest on YOUR money. Think about it!
2006-09-26 05:27:34 · answer #10 · answered by Anonymous · 0⤊ 0⤋