A question on cheques

tranmereforever

My OH has written out a cheque for someone that was put into the bank today, she doesnt have as much as she first thought in there now ( bad I know), if I was to put money into the bank in cash on Wednesday would it be okay or would it bounce? (its the day I get paid)

Also out of interest at what stage on the 2nd day does the payment get taken out? (to clear on the third day), if say I had a chaps payment going into the account on the 2nd day would it clear it or would it bounce as its done at 9am on the 2nd day?

Night-owl_6

Hi

If you pay in the money first thing Wednesday you should be fine but be warned, if the cheque fails to clear your wife is in for a big fee, £35!

The best way to stop this happening is for your wife to contact her bank and ask for a temp overdraft and explain your reasons.

It should be fine but be careful next time as the £35 fee is rarely waived by banks as it isnt the same as a failed direct debit, the cheque was written very shortly before payments to taken meaning you have made a legal contract in terms to promise the funds are in the account.

alleybabes

tranmereforever wrote: »

My OH has written out a cheque for someone that was put into the bank today, she doesnt have as much as she first thought in there now ( bad I know), if I was to put money into the bank in cash on Wednesday would it be okay or would it bounce? (its the day I get paid)

Also out of interest at what stage on the 2nd day does the payment get taken out? (to clear on the third day), if say I had a chaps payment going into the account on the 2nd day would it clear it or would it bounce as its done at 9am on the 2nd day?[/quote

who do you bank with?

tranmereforever

I bank with Barclays, my OH is with Nationwide