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3 day clearance tactics
Comments
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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...It's always the grass that suffers, irrespective of whether the elephants are fighting or making love !!!0
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