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Large Cheque Deposit

  • 12-03-2017 4:13pm
    #1
    cake356
    Registered Users Posts: 8 ✭


    Hey All
    I am in receipt of a very large cheque due to my house being sold , just out of curiosity do you have to notify the bank by phone that i will be making a large deposit via cheque or can you just walk in with ID and becomes like any other cheque deposit


Comments

  • #2
    myshirt
    Registered Users, Registered Users 2 Posts: 5,245 ✭✭✭myshirt


    I lodged €1M in 2 cheques at the counter, albeit this was 15 years ago. Just make sure you have a photocopy of the cheque and that you hold onto the receipt.


  • #3
    cake356
    Registered Users Posts: 8 ✭cake356


    Cheers mate


  • #4
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    No, a cheque has no risk for them. They might question it ie money laundering rules etc


  • #5
    DMcL1971
    Registered Users, Registered Users 2 Posts: 1,444 ✭✭✭DMcL1971


    You don't have to give any notice to deposit a cheque. You might be thinking of when making a withdrawal. Banks don't like to have too much cash lying around, so if you need more than a couple of thousand you need to give them advance notice.

    Banks are very slow processing cheques these days. Expect to wait at least a week before the money appears in your account.


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