Lloyds to Lloyds cheques

Mikeyorks

Dagobert wrote: »

TSB to TSB cheque process must be quicker than external.

Only where it's treated as a 'house' cheque. And that is normally categorised as a cheque drawn on an account within the same Branch - not the same Bank.

But I can't explain the 'instant' clearance.

Dagobert

Mikeyorks, I know that's what it should be according to the T&Cs.

It is definitely a different branch and a business cheque.

Obviously, I have no idea what information the phoneline staff can see.
Now, thinking about the information I was given regarding an external cheque paid in to-day, I think the advisor was not aware of the difference between available and cleared. I was told this external cheque would clear next Wednesday. That's day 4 of the 2-4-6 clearing cycle and when it becomes available.

Maybe their system shows availability, just like the online system.

rb10

Mikeyorks wrote: »

Only where it's treated as a 'house' cheque. And that is normally categorised as a cheque drawn on an account within the same Branch - not the same Bank.

That depends on the bank ... Halifax will (on request) treat a cheque from any other Halifax or Bank of Scotland personal account as cleared funds, regardless of the branch that the account is held at.

Mikeyorks

I've never 'requested' it. But Halifax have always cleared other Halifax cheques via my account on the standard 2-4-6 timeframe.

Others have reported instant clearance on these forums, over the years, for a variety of Banks. But the only generally accepted method of instant cheque clearance (ever since Town Clearing disappeared in 1995) is via a 'house' cheque.

Dagobert

How do you know whether funds have cleared (6) as opposed to been made available (4)?

All the bank online interfaces I am familiar with show balance and available balance, not cleared funds.