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AngloScot | 00:25 Thu 14th Oct 2004 | Business & Finance
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Why do they take so long to go through?
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So that the banks can collect interest on them while they 'clear'.
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In this day and age there is no excuse for it taking 3 days.  The interest theory still stands.  Thieving gits.
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On this interest theory - who exactly pays the bank this interest? Is it the Bank of England that pay Barclays etc. interest? Do you just mean that for 3 days Barclays don't have to pay their customer interest on the cheque?

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