3 day clearance tactics

Walletwatch

koru wrote:

Carrying cash around doesn't seem a good answer to me. The interest saving is not worth the risk. For instance, at 5% interest, one day of interest on £10,000 is about £1.40.

For bigger sums, it would be better to pay for CHAPS same day transfer or special cheque presentation, rather than walk around with that much cash.

I don't disagree, but in my case, I work in Canary Wharf, and moving cash from one bank to another is literally walking five to ten steps from one branch to another, they're all so clustered together, so I don't really mind the risk...