NatWest Mobile Cheque Clearance Time

Kim_13

I deposited a cheque using NatWest’s app for the first time yesterday (afternoon, but before 6pm which appears to be the cut off) and was just wondering when I can send the funds to Regular Savers without it triggering an overdraft?

When I paid it in there was no trace of it in my balance as pending, but my balance is now previous balance + value of cheque (which it wasn’t first thing this morning.) Does this mean it’s safe to use? I looked in the deposit history and it just says posted 10th June, nothing else to say it’s cleared. I used to use Halifax for cheques before they made the Reward account pointless and there’d always be a green tick in the history when the funds were available.

It might be that it’s ready now but I just wanted to check as less than 24 hours seems very quick even with the faster clearances these days.

Thanks

flaneurs_lobster

Most cheques I pay in this way show as credited to my current account balance within 24 hours, albeit that's probably 10 a year, max.

Your bank will assume that it will clear and credit regardless, unless it is for a very significant amount (that will vary according to the account usage history) when they will wait for the full 2-3 day clear.

There is always a mechanism for ANY deposit to be reversed.

UKX69

https://forums.moneysavingexpert.com/discussion/6672093/natwest-mobile-cheque-clearance-time

I deposited by NatWest app a little while back and I think it was still showing as you say for 2 days before reverting to normal. I think 48 hours is normal with them now.

gt94sss2

https://forums.moneysavingexpert.com/discussion/6672093/natwest-mobile-cheque-clearance-time

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