Cheque Clearance

senordingdong

Is this the right forum?

Yesterday I lodged a cheque in the same bank (but not the same branch) that it came from. How long should I have to wait for it to clear?
Does the amount being lodged affect this?

Hitchhiker's Guide to...

depends on the bank ...

they normally say three working days, but most banks will allow the cheque to be cashed within 24 hours, even with cheques that aren't from that bank. Check (no pun intended) with your cash card in the morning and you should be able to take cash out - but default is three working days

the only delay is when the cheque is from a bank that isn't in the central clearance system (i.e. non BOI, AIB, NIB, and the bank that took over the TSB).

An Post takes a phenomenal 10 working days to clear cheques ... public servants!

senordingdong

24hours?
Are you sure?

Hitchhiker's Guide to...

works for me in Ulster Bank ... (even when cashing a cheque that is non-Ulster Bank)

... although three days is the default time

senordingdong

Yeah you were right.
I'm surprised.
Thanks.

Hitchhiker's Guide to...

always glad to be of help!