HSBC Cheque Procedure

Mar-tan

Hello,

I have a quick question about HSBC's cheque paying in procedures. I paid a cheque in at my local branch today from the iland revenue, while i know a cheque takes 5 days to clear should the cheque have showed up anywhere on my interent banking?

Just a little worried as when i paid it in the lady behind the counter seemd to just put it and the paying in s;ip to one side!

Thanks in advance:D

Lokolo

What time?

I find it shows the next day from what I can remember....

Mar-tan

I paid it in at about 13:30 during my lunch break! So does the cheque usually show on internet banking before it clears?

Lokolo

Yes.

But the available balance won't update for a few days.

So it will have for example:

Balance: £1000
Available Balance: £200

If it was a £800 cheque for example

Mar-tan

Oh ok thanks! My account shows nothing think i should be worried? Think i may be being a little anxious!

mickeyt

Hi, If you pay a cheque into a HSBC branch, the cheque will show up over night as all cheques are sent to a central site to be processed, but will still show and count as being paid in today, so should clear on Tuesday.

Hope this helps

Lokolo

mickeyt wrote: »

Hi, If you pay a cheque into a HSBC branch, the cheque will show up over night as all cheques are sent to a central site to be processed, but will still show and count as being paid in today, so should clear on Tuesday.

Hope this helps

^^ there you go.

So the counter woman just leaves it on the side as there was most probably others waiting. They just do it when its closed etc. easier then.

So it will update tomorrow I reckon.

I know this is what happens when it goes into the cheque paying in machines (but as it was HMRC I know you can't put it in the machines. I tried for about 15minutes with an assistant telling me it would work no doubt about it. I told him to sod off and I was going to pay it in with a person in the end)

Mar-tan

That explains it, Thanks for the replies!

brightonman123

since when did chqs take FIVE (working?) days to clear..?

gt94sss2

Lokolo wrote: »

as it was HMRC I know you can't put it in the machines. I tried for about 15minutes with an assistant telling me it would work no doubt about it.

Do you mean using the cheque deposit machines which scan the cheque on the receipt?

I've managed to use those to pay in 'large' cheques including the last one I got from HMRC - you just have to be careful as to where you place the paying in slip on top..

Not that I receive many cheques now

Regards
Sunil

rb10

brightonman123 wrote: »

since when did chqs take FIVE (working?) days to clear..?

For the true definition of the term 'clear' (i.e. the date past which the bank can no longer debit your account if the cheque is returned unpaid, unless you are a knowing party to fraud), then it's at the end of the sixth working day.

However, as has been said above, banks must pay interest on it from Day 2 (although some will do this earlier, e.g. Halifax count it for interest purposes on current accounts from Day 0), and make it available to withdraw from current accounts by Day 4 (again, this is a maximum, so Halifax, for example, let you withdraw from Day 3).