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When do Cheques Clear
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Jonners132
Posts: 6 Forumite

I recently paid a cheque into my Nat West Personal account on line. A few days later the cheque had cleared and my account had been credited. I acted on it being cleared. A full day later Nat West reversed the payment and debited my account. Can they do this?
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Yes. Cheque could have been stopped at the other bank, either by who wrote it or it was a stolen cheque book.Life in the slow lane1
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Jonners132 said:I recently paid a cheque into my Nat West Personal account on line. A few days later the cheque had cleared and my account had been credited. I acted on it being cleared. A full day later Nat West reversed the payment and debited my account. Can they do this?
How many days exactly did they take to debit your account back?
How much was the cheque for - was it from a private account or a company?0 -
It was for £825 from a personal account. I paid it in on a Saturday ( photo of cheque via App).It cleared on the following Monday and the money was available in my account. It was then reversed on the Tuesday. By then I had committed the funds. The cheque was Nat West and it was paid into my Nat West account.0
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retiredbanker1 said:Jonners132 said:I recently paid a cheque into my Nat West Personal account on line. A few days later the cheque had cleared and my account had been credited. I acted on it being cleared. A full day later Nat West reversed the payment and debited my account. Can they do this?
How many days exactly did they take to debit your account back?
How much was the cheque for - was it from a private account or a company?born_again said:Yes. Cheque could have been stopped at the other bank, either by who wrote it or it was a stolen cheque book.0 -
According to https://www.natwest.com/support-centre/help-with-your-product/cheques/how-long-does-it-take-for-a-cheque-to-clear-in-my-account.html a cheque paid in on the weekend (or Monday before 15:30) does not clear until Tuesday.
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Jonners132 said:0
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Hoenir said:Jonners132 said:0
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How did they know the payee was originally blank?1
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I feel you have been unlucky. Normally cheques over £1000 are manually checked - whether it is a digital copy or the original.
They did take the funds from you within timescales so no complaint can be made.
Get the drawer to transfer the funds to you?0 -
boingy said:How did they know the payee was originally blank?0
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