1. Join Now

    AVForums.com uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Banking Query.

Discussion in 'General Chat' started by mjn, Jun 2, 2005.

  1. mjn

    mjn
    Distinguished Member

    Joined:
    May 24, 2001
    Messages:
    17,973
    Products Owned:
    0
    Products Wanted:
    0
    Trophy Points:
    166
    Location:
    Herts, England
    Ratings:
    +4,942
    I put a € cheque in to my bank account on Saturday, logged on today, and i noticed that my cheque hadn't shown as "lodged". I phoned the bank, and they're telling me that it can take upto 28 working days for the cheque to clear!!

    This cannot be right, but the bank are insisting this is correct!
     
  2. Astaroth

    Astaroth
    Active Member

    Joined:
    Jun 22, 2004
    Messages:
    2,258
    Products Owned:
    0
    Products Wanted:
    1
    Trophy Points:
    63
    Location:
    London
    Ratings:
    +101
    What is the country of origin for the bank account the cheque is being drawn from?

    I do not know the norm for these things but with ROI cheques I used to get it would take on average 10 working days to clear
     
  3. mjn

    mjn
    Distinguished Member

    Joined:
    May 24, 2001
    Messages:
    17,973
    Products Owned:
    0
    Products Wanted:
    0
    Trophy Points:
    166
    Location:
    Herts, England
    Ratings:
    +4,942
    The € cheque is from ROI!

    So i'm guessing it's going to take around 10 days then. Plus its from the tax office, so its hardly going to bounce is it!
     
  4. too_laid_back

    too_laid_back
    Standard Member

    Joined:
    Sep 30, 2002
    Messages:
    38
    Products Owned:
    0
    Products Wanted:
    0
    Trophy Points:
    8
    Location:
    Essex
    Ratings:
    +1
    Thats crazy :suicide: I put an one in on Tues... into Barclays.. and they have already credited my account :clap:
    Thats how banking should be :thumbsup:
     
  5. w3dal

    w3dal
    Well-known Member

    Joined:
    Aug 4, 2002
    Messages:
    4,893
    Products Owned:
    0
    Products Wanted:
    0
    Trophy Points:
    136
    Location:
    Chelmsford, Essex
    Ratings:
    +533
    cheques can sometimes take upto 5 working days.

    I reckon it will show up tomorrow or saturday fella.

    Dal
     
  6. johndon

    johndon
    Active Member

    Joined:
    Feb 3, 2002
    Messages:
    1,928
    Products Owned:
    0
    Products Wanted:
    0
    Trophy Points:
    48
    Ratings:
    +89
    Credited and cleared are two different things.

    For example, if I pay a cheque drawn on a UK bank branch into Lloyds TSB on Monday, it shows as credited to my account immediately. However, the funds are not cleared for withdrawal from a cashpoint until Friday although, technically, they are cleared after midday on Thursday. This can be different though if the cheque is drawn on the same branch it gets paid into.

    John
     
  7. smelly

    smelly
    Active Member

    Joined:
    Oct 16, 2004
    Messages:
    1,598
    Products Owned:
    0
    Products Wanted:
    0
    Trophy Points:
    66
    Location:
    Bristol
    Ratings:
    +102
    Actually any LTSB cheque paid into another LTSB account will show up as cash on the same day as its an OLRT (On Line Real Time Banking) system. Not sure whether any other banks are the same nowadays. Also not sure on ROI - its been years since I've worked in a branch :rolleyes: As for the fact that its a tax cheque - its not only whether there is enough money in the account that they have to check, its also whether the cheuqe has been stolen. Although have to agree that nowadays they could do all of this a bit quicker....
     
  8. John

    John
    Moderator

    Joined:
    Dec 13, 2002
    Messages:
    10,968
    Products Owned:
    1
    Products Wanted:
    0
    Trophy Points:
    166
    Ratings:
    +2,659
    Had to do this about 2 years ago with the halifax , took about 28days iirc , had to fill in a special banking slip rather than just straight into the account . Had (still have ) a Barclays Acc , they told me the same .

    JS
     

Share This Page

Loading...