quick bank question

[courtg9000]

proabaly the wrong place but

At what time during the day is a cheque deemed to have cleared?

[XMES RUS]

12 midnight on the 3rd working day but Im happy to be nuked into orbit by a bank person.

[courtg9000]

thanks

[nlldavies]

Alliance and Leicester - Any time they feel like it!!

[courtg9000]

nlldavies said:

Alliance and Leicester - Any time they feel like it!!

sounds the same as HSBC

[2 sMoKiN bArReLs]

XMES RUS said:

12 midnight on the 3rd working day but Im happy to be nuked into orbit by a bank person.

...for interest purposes, it then takes a further day to be "fully" cleared (and drawable)

Edited by 2 sMoKiN bArReLs on Wednesday 2nd December 18:59

[2 sMoKiN bArReLs]

i.e. bank on Monday, fully cleared on Friday

[audi321]

If paid in on Monday, it will clear for 'fate' on Friday at 12 noon (i.e. unless it's a fraud - it's cleared, end of)

[Leebo77]

It's close of business of day 6... ...assuming this is a UK drawn GBP cheque.

Link to cheque and credit clearing:

http://www.chequeandcredit.co.uk/246/-/page/113/