urgent question

Muscle750

Can someone please tell me if a building society cheque clears straight away it actually said on the cheque bankers draft It was a Halifax cheque from my ISA paid into Nat west who are telling me that it willtake 4 days, trouble is on monday there are SO payments going into the acct for £300 yet i have £500 of DD coming out thats why i paid a cheque in of £500 if id of had brain engaged obviously cash would been better, Ive spoke on the phone to Nat west and they told me to phone back tomorrow as their systems close down at 6pm on a saturday and see if i can cancel the DD or force them throu as i have impending credits of £800. Certainly causing me some stress after i had my card declined this afternoon

lippy1923

Your cheque will not clear straight away
Are you not able to cancel the DD online?

coldhandoff

lippy1923 wrote: »

Are you not able to cancel the DD online?

He isn't registered for internet banking which is why they said they couldn't access his account.

OP - if you sign up for internet banking you should get instant access to your account. If you can see the direct debits you can cancel them and recall the payments. Otherwise you could call and ask the dds to be returned.

Muscle750

I am reg for internet banking

Ultrasonic

Muscle750 wrote: »

Ive spoke on the phone to Nat west and they told me to phone back tomorrow as their systems close down at 6pm on a saturday and see if i can cancel the DD or force them throu as i have impending credits of £800. Certainly causing me some stress after i had my card declined this afternoon

Just phone NatWest again tomorrow as they've suggested and I expect they'll be able to sort this OK for you. Don't stress about it now. I wouldn't start cancelling DDs yourself with your online banking.

MoneySaverLog

Could you ask for a temporary overdraft to cover it whilst it clears?

Mikeyorks

Muscle750 wrote: »

Can someone please tell me if a building society cheque clears straight away

No - it won't do that unless, exceptionally you've paid it in to the same Bank / branch it was drawn on.

And you can't cancel DDs due out on Monday at this stage. The file of debits is already with the Bank for processing.

Get them to give you an extended / temporary overdraft for a couple of days.