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Cheques clearing?
sciter
Posts: 13 Forumite
Hi, I have sent a cheque to someone, and it is for £30. I currently have £20.92 AVAILABLE, but my balance is 33.91 because there is a payment pending into my account for £12.99 - will the cheque come out ok or will it bounce?
Thanks!
Thanks!
0
Comments
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It will depend on what the policy of your bank is on such matters. Some banks will honour the check, some banks will not honour the cheque. If I were you I would pay in cash to the current ac ASAP to avoid the expense (and embarrasment) of having a cheque bounce.God save the King!
I'll save Winston Churchill, Jane Austen, J. M. W. Turner and Alan Turing.0 -
Depends when exactly the recipient presents the cheque for one thing. If they present it more or less immediately, then see Chadsman's answer. However, they may wait a week, a month......will the cheque come out ok or will it bounce?0
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