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Bank Cleared cheque then bounced it ??

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  • dunstonh
    dunstonh Posts: 119,763 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The may move the cheques away to another location now but they still show as cleared funds as far as ability to draw on them goes.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dunstonh wrote: »
    The may move the cheques away to another location now but they still show as cleared funds as far as ability to draw on them goes.

    I agree but LTSB run a 'live' banking system for personal accounts so if someone gives you a cheque which happens to be drawn on the same branch as you (or any branch in this case) and there is insufficent funds to pay that cheque it will not show as cleared on your account.
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