Hi I need to write a cheque and give it to college tomorrow for my course. I don't have a cheque book so I have to use my sisters. I have transferred the money into her account just now. What I wanted help with, was, will the money be in her account now and will the cheque clear alright as Ive just put it into her account?Im scared itl bounce if the college cash it straightaway I need to give the cheque to start my college course!
2007-09-11 03:43:40 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If you and your sister's accounts are at the same Building Society or Bank, an on-line transfer may be processed 'same day' (before about 4pm, if eg. Halifax or Alliance & Leicester) or next day (eg Barclays)
Ask your sister to check her balance tomorrow.
An on-line transfer between accounts held at different Banks (for example HSBC to RBS) should go through in the next 3 to 5 days.
A Cheque will take at least 5 days to be processed after it's presented, but knowing some places, it may not even be presented untill end of week / end of month ...
2007-09-11 04:46:35 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
any cash put into a bank should be cleared straight away as for cheques they can take a week to clear so just because you hand it in tomorrow it will take a few days also allow the college to actually lodge the cheques into the bank .
2007-09-11 03:53:02 · answer #2 · answered by Nutty Girl 7 · 0⤊ 0⤋
this is not any longer criminal for one individual to apply yet somebody else economic enterprise account. in case you forgery her signature, you have in simple terms finished a criminal offense. it may be criminal for her to write the verify from her account. extremely of you shifting funds into her account, you need to have long gone to the economic enterprise and offered a CASHIER'S verify from the economic enterprise, that's greater powerful than a funds ORDER, then taken that to the faculty. interior america of a, whilst funds is going into an account, you are able to no longer use all of it until the money getting into has cleared the banking device so the banks comprehend that's a valid pass. this could take numerous days, now and back a week. So if a million, you place funds on your sister account ... that should take 3-8 days to sparkling. 2. college cashes verify on your sister account ... that should take 3-8 days to sparkling. If the faculty verify clears speedier than the deposit to sister account, then this is going to bounce, and you and your sister (that's her account) are in huge worry. that's mentioned as FRAUD. this type of gamble is definitely stupid and why economic desires like this could not be left to the final minute.
2016-11-14 22:48:45 · answer #3 · answered by ? 4 · 0⤊ 0⤋
The bank probably has an automated phone line to check the balance. Look online if you don't have the number for it. If the college runs it as a debit, it will try to deduct right away. Just call the bank or have your sister do it.
2007-09-11 03:53:16 · answer #4 · answered by Smurfette 5 · 0⤊ 0⤋