2006-12-15 04:09:07 · 10 answers · asked by sonicredultra 1 in Business & Finance ➔ Personal Finance
It can be up to 5 working days for it to be processed, that's what the banks say to allow. It depends who you are paying and if they take it to the bank in time - chances are it'll be by next Friday, but it could be after Christmas at this stage. The best way to pay for things this time of year when everything's a bit crazy with holidays is by internet banking if you have it.
A postal order might be better if you're worried about when the money'll come out if you can't do internet banking though.
2006-12-15 04:15:25 · answer #1 · answered by SilverSongster 4 · 0⤊ 0⤋
It depends on when the person you gave the cheque to banks it and where they bank it.
If they bank the cheque on Monday I would expect it to hit your account on Wednesday.
But if they bank the cheque on Monday at Yyou account holding bank & branch then the cheque will hit your account on Tuesday.
Some Banks open late but still operate a cut off time so for example they may bank the cheque after 4.00pm on Monday and due to cut off times the cheque will be dealt with as Tuesdays banking.
There are many variables which can effect the process.
That is why in the terms and conditions of a cheque book account you agree not to issue any cheques without the funds being cleared and available in your account prior to giving cheques.
I hope this helps in some way.
2006-12-15 06:17:37 · answer #2 · answered by angie 5 · 0⤊ 0⤋
How long's a piece of string?
The cheque will debit your account the day it's presented to your bank.
If the shop banks with the same bank as you and pays the cheque in on Monday then it'll debit your account on Monday.
If the retailer is with a different bank and they pay it in Monday It'll debit your account on the Wednesday.
If they don't pay it on Monday then obviously it'll take longer, the cheque is valid for six months - if they choose to pay the cheque in in five months time then they can.
2006-12-16 09:17:39 · answer #3 · answered by phooey 4 · 0⤊ 0⤋
Never if you use someone elses cheques. Depends on when the other party puts the check into there account. No quicker than 5 days I recon.
2006-12-15 04:15:20 · answer #4 · answered by Numptey 3 · 0⤊ 0⤋
5 to 6 working days usually, it depends when they present the cheque and sometimes who they bank with
2006-12-16 02:54:32 · answer #5 · answered by Rebz 5 · 0⤊ 0⤋
With Banking being electronic now its almost instantly done SOOOO do not Kite Cheques
2006-12-15 04:26:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
As soon as the cheque is presented for payment.
2006-12-15 04:18:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It depends on the postal and bank admin durations
2006-12-15 05:29:46 · answer #8 · answered by Wise Kai 3 · 0⤊ 0⤋
apparently it takes five working days.
2006-12-15 04:19:36 · answer #9 · answered by Smiley_1714 5 · 0⤊ 0⤋
tuesday
2006-12-15 04:12:33 · answer #10 · answered by binda 3 · 0⤊ 0⤋