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An Post - 10-12 WORKING Days for a cheque to clear ?

vicwatson · 2016-05-24 09:09:33

Lodged an Ulster bank cheque to An Post savings account yesterday and girl told me it'll take 10-12 WORKING days to clear. In this day and age with SEPA and all the rest how the heck....10-12 working days What's the process here after I hand the cheque over to the post office worker ????

24-05-2016 10:09am

#1

vicwatson

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Lodged an Ulster bank cheque to An Post savings account yesterday and girl told me it'll take 10-12 WORKING days to clear.

In this day and age with SEPA and all the rest how the heck....10-12 working days

What's the process here after I hand the cheque over to the post office worker ????

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Comments

#2 24-05-2016 1:39pm

JTMan

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SEPA deadlines apply to electronic transfers only. There is no equivalent for cheques.

An Post (who are not a bank) need to send the cheque to a bank and then get the proceeds cleared which typically takes 5 business days.

10-12 seems excessive, An Post might just be covering themselves.

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#3 24-05-2016 8:57pm

Nervous Wreck

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A better question would be "In this day and age with SEPA," why is anyone issuing any payments via cheque?

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