We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Depositing a Cheque into Nationwide Current Account

Hi
I paid a cheque into my nationwide account today, first time in a long time I have received a cheque. I have been reading that cheques clear a lot faster now. It says that the funds will become available by 23:59 tomorrow at the latest. Anybody had any experience with paying in cheques and what time have you roughly been able to access the funds from that cheque?

Thank you

John

Comments

  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    Yes they have ben clearing a lot faster lately. If you have been told that the funds will be available by 23:59 tomorrow at the latest I can see no reason to doubt this information if it was given to you by a reliable source..
  • Hi thanks for your replies. I guess what I really want to know is if anyone has experience of paying them in and at what time they actually were able to withdraw the money form the cheque. I know it says BY 23:59 but wondering at what time others had been able to use the money. Thanks.
  • Murmansk
    Murmansk Posts: 1,011 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Well I've had experience of paying in cheques to my Halifax account via their phone app - they usually clear next day, sometimes as soon as about 10am, so I'd imagine yours could certainly clear before 11.59 the next day.

    As I understand it when you pay in via a branch the cheque goes into the same system as mine does when I use my phone app so you should benefit from the speed of the system too.
  • johnboy84 wrote: »
    Hi thanks for your replies. I guess what I really want to know is if anyone has experience of paying them in and at what time they actually were able to withdraw the money form the cheque. I know it says BY 23:59 but wondering at what time others had been able to use the money. Thanks.



    Three cheques paid into Nationwide Branch, funds were available by midday the following day, didnt check earlier than that.
  • MovingForwards
    MovingForwards Posts: 17,110 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Mine have always been 2 days after the cheque was paid in after midday. But they show in pending when paid in.
    Mortgage started 2020, aiming to clear it in 2026.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 346.5K Banking & Borrowing
  • 251.3K Reduce Debt & Boost Income
  • 451.3K Spending & Discounts
  • 238.7K Work, Benefits & Business
  • 614K Mortgages, Homes & Bills
  • 174.7K Life & Family
  • 251.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.