A cheque clearing question

Legacy_user

I put a cheque into my bank account on Saturday (14th), hoping it would clear so that i could pay £500 into my A&L account on the 20th but it hasnt cleared yet. Does anyone know how many days it takes to clear before i ring India.:mad:

Edinburghlass_2

Generally 4 working days Judi so I would say probably not until tomorrow.

System

Edinburghlass wrote:

Generally 4 working days Judi so I would say probably not until tomorrow.

Thats just what MrJudi said, thanks i was a bit unsure though being a weekend.

jonesMUFCforever

LTSB pay in monday available friday (includes cheques paid in from saturday as they are held in branch over weekend and sent off with monday's work)

techno_geek

I don't think A&L is a "clearing bank" so it generally takes an extra 1-2 days for cheques to clear because it has to go through an extra "level" of processing

inmypocketnottheirs

techno_geek wrote:

I don't think A&L is a "clearing bank" so it generally takes an extra 1-2 days for cheques to clear because it has to go through an extra "level" of processing

So they say!

regularsaver1

Halifax are not cleraring bank but still available on 4th day for current accounts

pennylane99

regularsaver1 wrote:

Halifax are not cleraring bank but still available on 4th day for current accounts

my Halifax account takes 7 days to clear cheques....

Mikeyorks

pennylane99 wrote:

my Halifax account takes 7 days to clear cheques....

Not if it's a current account it doesn't. If it takes a stated 7 days to clear then you must be paying it into a Savings account.

I don't think A&L is a "clearing bank" so it generally takes an extra 1-2 days for cheques to clear because it has to go through an extra "level" of processing

A lot of banks don't do their own 'Clearing' as it's a highly specialised job and with an increasing need to invest in high spec / cost hardware and software. So they clear via a Clearing House .... but are still mandated to stick to APACS regulated clearance times. So ... regret the extra 1 - 2 days is simply not true.

Mikeyorks

Judi wrote:

Thats just what MrJudi said, thanks i was a bit unsure though being a weekend.

Yes - it wouldn't leave the Branch for Clearing until close of business Mon night. And possibly later, with the odd Bank, if you put it in an ATM??

regularsaver1

pennylane99 wrote:

my Halifax account takes 7 days to clear cheques....

You either have a savings account or a easy cash / card cash (basic) not current account