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How long before I can use my cheque?

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  • 26-11-2007 1:15pm
    #1
    opinionated
    Closed Accounts Posts: 228 ✭✭


    I will have a cheque coming in in the next few days and I was wondering how long would it take before it would be active in my account? Which bank would be quickest?


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    #2
    JohnCleary
    Registered Users Posts: 10,210 ✭✭✭✭JohnCleary


    Go to the bank it was issued from and cash it, it's the quickest way


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    #3
    dlambirl
    Registered Users Posts: 2,062 ✭✭✭dlambirl


    Your best bet would be to get it cashed at the bank which issued it unless its crossed with &Co or Account Payee only, then you'll have to lodge it in your own account first and wait for it to clear?


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    #4
    Goldenquick
    Registered Users Posts: 228 ✭✭Goldenquick


    With N.I. it usually takes 7 working days.


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    #5
    sgt.bilko
    Registered Users Posts: 456 ✭✭sgt.bilko


    could be wrong but afaik banks will not cash a cheque these days. you have to lodge, then withdraw.

    Usually, the norm is 3 working days for a cheque to clear.


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    #6
    JohnCleary
    Registered Users Posts: 10,210 ✭✭✭✭JohnCleary


    sgt.bilko wrote: »
    could be wrong but afaik banks will not cash a cheque these days. you have to lodge, then withdraw.

    Usually, the norm is 3 working days for a cheque to clear.


    Never had a problem with it provided:
    I went to the bank it was issued from
    It was made out in my name
    I had ID


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    #7
    jor el
    Closed Accounts Posts: 16,713 ✭✭✭✭jor el


    JohnCleary wrote: »
    Never had a problem with it provided:
    I went to the bank it was issued from
    It was made out in my name
    I had ID

    Some banks will require you to have an account in that branch too.

    If you're in good standing with your bank then most will allow you to draw down on an uncleared cheque. This means that the balance will show as if the cheque has cleared, even though it hasn't. If anything happens with the cheque (bounce etc) then the funds will be taken back from your account, possibly leaving you overdrawn.


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