Subject:
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Clearing cheques
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Newsgroups:
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lugnet.general
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Date:
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Sun, 10 Oct 1999 19:24:22 GMT
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Viewed:
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341 times
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Quick question - I wondered what most people
do about waiting for cheques from other people to clear.
I've picked from somewhere the impression that the
done thing is to wait two weeks and assume the
cheque has cleared if you haven't heard from your bank
by then. I checked up with my bank a week ago and
they told me that if a cheque hasn't cleared they will
know within 4 working days and will write to me
immediately - which would seem to suggest I should
know within 5-6 working days. So two weeks seems
a fair time to me to wait that allows a safety margin for postal
delays etc. Actually waiting for bank statements isn't
really feasible as I only get those once a month and I
don't want to keep people waiting that long.
What do other people think is reasonable?
Simon
http://www.SimonRobinson.com
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Message has 3 Replies:
 | | Re: Clearing cheques
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| <Snip> (...) if you live in the US, most banks let you use MS Money or Quicken to check on the current account. (...) Matt #$%^ Vacum cleaners Matt@rapturesoft.hypermart.net (25 years ago, 10-Oct-99, to lugnet.general)
| | | Re: Clearing cheques
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| (...) Karen worked at a bank for a while, and she tells me that banks should know within two days if a check is bad. (25 years ago, 10-Oct-99, to lugnet.general)
| | | Re: Clearing cheques
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| Simon Robinson <simon@simonrobinson.com> wrote in message news:010801bf136c$35...sco.net... (...) If you are talking about depositing US$ checks into UK banks then to be totally sure you have to wait weeks or even months. Barclays will credit my (...) (25 years ago, 11-Oct-99, to lugnet.general)
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