Cheque clearing

[Potatoman]

Hi all - Just a quick one, can a cheque i paid into my account clear on a Saturday, ie not a "working day"?

[ICEMANSAV]

You can express clear a cheque for the next day i.e if it is paid into the account today it will be credited to your account tomorrow but this service costs extra.

[PFA]

No. Cheques paid in on saturday will show in the account as being credited on monday and takes 5 working days thereafter to clear. Rule of humb - english bank cheques 5 working days, scottish bank cheques - 7 working days and foreign cheques 2-6 weeks

[spudqueen]

NO! If there's no one 'working' (in clearing, not in your local branch), there's no one to clear the cheque!

[HARRYLOULOU]

The express clearance won't work either.  It will only confirm that it will clear but won't count as cleared funds any quicker.

[spammylou]

Some banks do a three day cycle. like HSBC. Example: pay in on Wednesday before 3.30pm, your cheque will clear for withdrawal and interest purposes Midnight Friday, therefore being available to take out on Saturday.   A chq can never guarantee to be return unpaid - believe it or not. So if you use Ebay, always allow 10 days on a chq just to cover yourself.