1. Home
  2. UK Finance Discussions
  3. cheque clearance

cheque clearance

Hi,

How long does it take for funds to come out of a account?

I.E. pay cheque in bank say HSBC on Monday (before 3pm) will the funds come out of the account (Halifax) on Tuesday or Wednesday?

Thanks

Reply to
Associates
Loading thread data ...

Thursday is most likely.

Reply to
Sergeant Bilko

That would be nice - but I would expect to see the funds disappear from my Halifax account Tuesday to reappear in my HSBC account as cleared funds Thursday or Friday. Afterall isn't this how banks make money on funds while in clearing?

Reply to
Wireless Reader

In message , Associates writes

Wednesday.

Reply to
john boyle

In message , Sergeant Bilko writes

No, Wednesday is most likely for main stream clearers, or are you adding a day because the drawee is Halifax?

Reply to
john boyle

hi, the cash for that cheque has come out today... thanks for the help

Reply to
Associates

In message , Associates writes

How much did I win?

Reply to
john boyle

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.