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    • gregswhu26
    • By gregswhu26 22nd Sep 16, 4:26 PM
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    gregswhu26
    Cheque clearance time for a Barclays cheque
    • #1
    • 22nd Sep 16, 4:26 PM
    Cheque clearance time for a Barclays cheque 22nd Sep 16 at 4:26 PM
    Hi, i received a cheque today from Barclays for miss sold PPI, i took the cheque to my local Barclays and deposited it into my Barclays basic account. I know a cheque usualy takes 5 working days to clear but does anyone know if this cheque should clear sooner seeing as it is from Barclays going into a Barclays account? I did ask the cashier to put it through on the faster service but i was told that isnt available anymore.
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    • GingerFurball
    • By GingerFurball 22nd Sep 16, 4:34 PM
    • 727 Posts
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    GingerFurball
    • #2
    • 22nd Sep 16, 4:34 PM
    • #2
    • 22nd Sep 16, 4:34 PM
    4 working days.

    Banks won't clear their own cheques any faster in preparation for the enhanced clearing that's coming next year.
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    • JuicyJesus
    • By JuicyJesus 22nd Sep 16, 4:50 PM
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    JuicyJesus
    • #3
    • 22nd Sep 16, 4:50 PM
    • #3
    • 22nd Sep 16, 4:50 PM
    There also isn't a "faster service" for clearing cheques, there is only special presentation which is for certainty of fate (i.e. whether the cheque is paid or not) rather than speed. It can actually be slower than regular clearance and is in general a big waste of money.
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    • GingerFurball
    • By GingerFurball 22nd Sep 16, 5:36 PM
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    GingerFurball
    • #4
    • 22nd Sep 16, 5:36 PM
    • #4
    • 22nd Sep 16, 5:36 PM
    There also isn't a "faster service" for clearing cheques, there is only special presentation which is for certainty of fate (i.e. whether the cheque is paid or not) rather than speed. It can actually be slower than regular clearance and is in general a big waste of money.
    Originally posted by JuicyJesus
    If you paid a Bank of Scotland or Halifax personal cheque of £1,000 or less into a Bank of Scotland or Halifax account then it used to clear instantly. That's changed now.

    Other banks might have done similar with their own cheques.
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    • henm2
    • By henm2 22nd Sep 16, 7:37 PM
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    henm2
    • #5
    • 22nd Sep 16, 7:37 PM
    • #5
    • 22nd Sep 16, 7:37 PM
    Cheque clearance in the UK follows the 2,4,6 clearing system.

    You can usually draw funds against the cheque paid in after 4 working days. However be careful if you are selling something such as a car or other valuable item as it is actually up to the morning of the seventh working day before you can count on a cheque being fully paid.

    One exception to the above is if you pay a cheque in at your own bank branch , the cheque being also drawn on that branch, then that 'house' cheque will clear and be be fully paid in 1 working day. (working days counted as being Monday to Friday up to 3.30 pm. A cheque paid in after 3.30 pm will usually start the clearing process the next working day)

    And yes there never was a "faster service" for clearing cheques, just a fate of cheque 'special presentation' service which in my experience is rarely used now

    http://www.money.co.uk/current-accounts/how-does-cheque-clearing-work.htm
    Last edited by henm2; 22-09-2016 at 7:42 PM.
    • jonesMUFCforever
    • By jonesMUFCforever 22nd Sep 16, 7:42 PM
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    • #6
    • 22nd Sep 16, 7:42 PM
    • #6
    • 22nd Sep 16, 7:42 PM
    PPI cheques are normally drawn on a Head office account.
    So they will have to clear just like any other cheque.
    What goes around - comes around
    give lots and you will always receive lots
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