How long do the Halifax take to process a cheque?

lovesabargain123

I haven't had a cheque in years but received one yesterday. If I put it in my Halifax account how long will it take to clear? I've tried googling and looking on the Halifax site but it's safe to say I'm a rubbish searcher lol
Thanks x

pmduk

I think it varies depending on the account you pay it into. Current accounts follow the 2-4-6 rule, but savings acounts used to take longer

dr_adidas01

lovesabargain123 wrote: »

I haven't had a cheque in years but received one yesterday. If I put it in my Halifax account how long will it take to clear? I've tried googling and looking on the Halifax site but it's safe to say I'm a rubbish searcher lol
Thanks x

3 to 5 working days it, its all in your account terms and conditions!!!

HoneyAndLemon

4 working days, not including day of deposit. i.e. if you deposit it at the counter on a monday, funds are available on the friday.

bunny71

pmduk wrote: »

I think it varies depending on the account you pay it into. Current accounts follow the 2-4-6 rule, but savings acounts used to take longer

This^.

The 2-4-6 rule has been in place for five years and still most people don't seem to be aware of it. Basically, allow six working days as it's only after that that you can be guaranteed the cheque won't bounce (unless you've been involved in fraud).

See http://www.chequeandcredit.co.uk/cheque_and_credit_clearing/cheque_clearing_timescales_(2-4-6)/

pinkdalek

You can withdraw on it after 4 working days from it being credited to your account, however if you are uncertain of the true fate allow 6 working days for clearance.