do cheques over a certain ammount take longer to clear?

[piggynose]

i ask, because i´m still waiting for a cheque which is over 6grand to clear since wednesday(23may)

thanx in advance

[excelsior-1]

i'm not sure. . however, if the usual time is three days, then today is the third day - and weekends do not count - so monday will be the third day.

(my educated assumption)

[Kathyan]

Yes, it's counted in working days. I think it also depends on who you bank with.

[EvianBaby]

The amount shouldn't matter but most cheques take 5 working days to clear. It should be clear on Tuesday.

[EDDIE51]

If you didn't bank the cheque until Wednesday afternoon then the first day will be Thursday so it will not car until Tuesday 29th. You have to bank the cheque before 11 am for the day of deposit to count as the first clearing day.
I bank with Barclays and a cheque clears on the 5th working day. So if I had put the cheque into my account on Wednesday 23rd to would not clear untill Tuesday 29th.

[piggynose]

thanx folks, i´ll have to wait + see

[EDDIE51]

Yes piggy it will be in your bank Tuesday morning.

[twix123]

I don't know about current practice, but when I was in banking it was possible to have a cheque 'Specialed' when it would be cleared within 24 hours, although the customer would have to pay for the service. This was useful for large amounts if you wanted the funds as soon as possible !

[piggynose]

it cleared on monday morning(28may) at 11am.
thanx

[Old_Geezer]

It takes as long as those swindling banks think you will tolerate them having the money to invest but it not being in anyone's account. It all being computerised there can now be no excuse for it taking more than a few milliseconds. I'm fairly sure the amount isn't a factor. Glad it has now cleared for you.