cheque is showing as cashed on my online banking but >>>>>

jakemuk

ok i paid a cheque the to someone to buy somethign

its showing up as cashed on my bank website has been for 2 days know


i bank with lloyds they bank with yorkshire

she just got a mini statement and its not showing up as clear

whats happend she reckons her bank may hold it naother account for a few days any ideas ????????

YorkshireBoy

Pay a cheque in to Yorkshire Bank on the Monday and it'll be Friday before it's cleared. ie, they take 3 working days, not including the day of deposit and day of clearance.

jakemuk

but the money has left my lloydstsb account ??????? so where has my money gone

KTF

Its in 'the system' earning interest for the bank no doubt.

jakemuk

though as much grrrrrrrr

virgin_moneysaver

cheque banked on a monday, clearing house on tuesday, payers bank on wednesday, they can late return it on thursday, sent in post so reaches payees bank friday, so payees bank can't say the funds are technically cleared until following monday - most banks will let you withdraw funds on the Friday but the cheque can still come back after that as if it has been returned we all now what the post is like - the Great British Banking System at its best - antiquated or what?!

YorkshireBoy

virgin_moneysaver wrote:

...so payees bank can't say the funds are technically cleared until following monday.

I'm not sure what you mean about "technically" cleared, because any cheques I pay in on Monday show as cleared on Friday morning on Yorkshire Banks internet banking site. If they're telling me online (so technically, "in writing") it's cleared on Friday, then that's good enough for me.

virgin_moneysaver

YorkshireBoy wrote:

I'm not sure what you mean about "technically" cleared, because any cheques I pay in on Monday show as cleared on Friday morning on Yorkshire Banks internet banking site. If they're telling me online (so technically, "in writing") it's cleared on Friday, then that's good enough for me.

its because of the post thing - they'll let you take the funds on the morning of the 5th day but if the cheque has been bounced by the payers bank & its got held up in the post, once the receiving bank has rec'd it they can still debit your account with the said amount even though you may have withdrawn the funds on the 5th day