Natwest Cheque Clearance days??

timbo86

Hi guys, i've searched the forum and there seems to be so many conflicting reports, i paid a cheque into my natwest account monday afternoon about 2.30 for £2000 can somebody confirm when i will be able to draw on the funds, ive checked this morning but nothing available so far.

Thankyou

dr_adidas01

timbo86 wrote: »

Hi guys, i've searched the forum and there seems to be so many conflicting reports, i paid a cheque into my natwest account monday afternoon about 2.30 for £2000 can somebody confirm when i will be able to draw on the funds, ive checked this morning but nothing available so far.

Thankyou

Well you didn't check the Natwest website or did a google search did you as the answer came up straight away!!!

http://www.natwest.com/personal/current-accounts/g4/cheques/clearing.ashx

p00hsticks

Rather than trawl through forums it's better (and easier) to go to the source for something like this.

http://www.natwest.com/personal/current-accounts/g4/cheques/clearing.ashx

(for future reference ,that took me about ten seconds to find by googling 'nat west cheque clearing').

You should be able to draw against the cheque tomorrow even though it could still be returned.

timbo86

Just so you all dont think im some idle so and so i did look at this however i was reading various reports on forums saying otherwise hence my post on here. But to you both thankyou and thankyou Poohsticks that was the answer i was looking for as in "should be tommorow"

stclair

You'll find cheques are clearer faster now adays.

Just bare in mind the cheque can returned unpaid up until day 6.

ladyelegance77

Just to let you know that I got a tax refund cheque in the post and I put it into my bank account on Wednesday just before noon and when I checked my account on Friday morning it had cleared!!! I was quite impressed. Hope that helps.

innovate

ladyelegance77 wrote: »

Just to let you know that I got a tax refund cheque in the post and I put it into my bank account on Wednesday just before noon and when I checked my account on Friday morning it had cleared!!! I was quite impressed. Hope that helps.

Your cheque hasn't actually cleared yet

Although funds can be withdrawn, the Cheque can still be returned unpaid up until the end of the business day T+6

Source: http://www.natwest.com/personal/current-accounts/g4/cheques/clearing.ashx

stclair wrote: »

You'll find cheques are clearer faster now adays.

Just bare in mind the cheque can returned unpaid up until day 6.

The clearance time is still the same as it was decades ago.

T+6

At close of business customer can be sure that the Cheque has been cleared

pinkdalek

I don't get many cheques nowadays, but I find with Nat West they permit me to withdraw against it after 2 working days. I know other banks are different, Halifax is 4 working days for example.

This however doesn't mean it has "cleared" through the cheque clearance cycle. For example you could withdraw against it on day 3, but it could still come back returned on day 5 causing you to go into possibly an unplanned overdraft. If you are uncertain about the cheque then best advice is to leave it in for 6 working days (a week and day, unless bank hols) to be certain. After 6 working days the cheque is cleared and can only be returned in exceptional circumstances e.g. fraud. This 6 day rule applies to all banks by the way, each bank will have its own policy on if they allow you to draw on it sooner.

Herbalus

Interesting discussion. Yesterday I paid a rather substantial cheque into Natwest from a building society (end of fixed term), and it has appeared online today. The fact that my money came from a building society means I have every confidence of the cheque clearing, but because it is 10 times the amount of my overdraft I hesitate to move it to pastures new (that grow more quickly). I might chance it at 4 days.

Living the wild life.

stclair

innovate wrote: »

Your cheque hasn't actually cleared yet

Source: http://www.natwest.com/personal/current-accounts/g4/cheques/clearing.ashx


The clearance time is still the same as it was decades ago.

Ill re-phrase that for you please accept my sincere apologies.

The funds are becoming available to withdraw quicker now a days.