paid cash into bank on friday, still not cleared!

MARSHALLC

i went to the barclays bank after work on friday at about 4.45 to pay in some money £1000 cash and £200 in cheques, i needed to make a payment over the phone that very night with my debit card, when i got home i tried to make the payment but i was unable to as it was insufficient funds! I PAID IN CASH! i went to the branch of barclays saturday morning to find out what had happened and was told because i had paid it in after 4.30pm on a friday it wouldnt show until monday ITS CASH surely it should be instant. - its now Monday checked my account still not there after spending 45 mins in a queue on the telephone told that because i paid the cash in with cheques it will not show until tomorrow, i am abosolutley funming and concerned i have been banking with Barclays for 20 years, im self employed and am constantly paying in cash and cheques i never heard so much rubbish. please can anyone give me advice. thanx

rb10

This is a curious thing that some banks like to do. I know Natwest do it too (they may not be the only ones), although I think their cut-off time is 3.30. And if you pay in cash and cheques, you have to wait for the cheques to be available before they'll let you have the cash ... very strange.

Not all banks work this way though. If I pay cash into my Halifax account at any time, whether early or late, or at a weekend, it will be available instantly.

This odd way of doing things means it can be quicker to pay cash into another bank (one that counts cash as cleared funds instantly), then transfer it by FP over to Natwest/Barclays, where it will be available straight away.

shop-to-drop

HSBC the cash goes in instantly even on a saturday. We often go in on saturday and put cash in via atm we then go to the mini statement machine and it already shows, that's minutes later. Consider moving banks if this is a real issue for you I would lodge a complaint to your branch anyway.

How frustrating for you!

cifpower

I know with Halifax if you pay in both cheques and cash the cash is available immediately and the cheques are processed seperately

Lokolo

shop-to-drop wrote: »

HSBC the cash goes in instantly even on a saturday. We often go in on saturday and put cash in via atm we then go to the mini statement machine and it already shows, that's minutes later. Consider moving banks if this is a real issue for you I would lodge a complaint to your branch anyway.

How frustrating for you!

HSBC ftw :T

shop-to-drop

Lokolo wrote: »

HSBC ftw :T

What's ftw mean Lokolo?

Thanks

cifpower

FTW = for the win

its a facebooky myspacey thing

BruceyBonus

shop-to-drop wrote: »

HSBC the cash goes in instantly even on a saturday. We often go in on saturday and put cash in via atm we then go to the mini statement machine and it already shows, that's minutes later. Consider moving banks if this is a real issue for you I would lodge a complaint to your branch anyway.

How frustrating for you!

But if you go to the counter and use one paying in slip for cash and cheques, it only shows on the next working day. So always, either a) use the paying in machine or b) use two paying in slips.

Lokolo

When I pay in branch at the cashiers desk it goes through instantly with HSBC even with a mixture

I guess the cashiers think I'm fit so do it there and then

ShelfStacker_3

shop-to-drop wrote: »

HSBC the cash goes in instantly even on a saturday.

Sadly not true. If you're using the envelope deposits it won't be instant (especially not on a Saturday) and if you paid in with a cheque the funds would be available the working day after, making the OP no better off.

BruceyBonus

ShelfStacker wrote: »

Sadly not true. If you're using the envelope deposits it won't be instant (especially not on a Saturday) and if you paid in with a cheque the funds would be available the working day after, making the OP no better off.

If you use the machines that count the cash and print a receipt showing the total then these are credited instantly - even on Sunday in my local branch.