How long does it ctake for a cheque to clear? - boards.ie
Boards.ie uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more x
Thread Closed  
 
Thread Tools Search this Thread
18-05-2006, 09:49   #1
cantona92
Registered User
 
Join Date: Mar 2006
Location: Dublin
Posts: 30
How long does it ctake for a cheque to clear?

Just wondering - if i cash a cheque in a pub -say saturday - they lodge it in their bank on Monday.

When will it clear (presuming they are not the same bank as me)???
cantona92 is offline  
Advertisement
18-05-2006, 09:51   #2
jonny24ie
Registered User
 
jonny24ie's Avatar
 
Join Date: Jan 2005
Location: Longford
Posts: 6,133
3-5 working days!! Might be quicker for a business tho!!
jonny24ie is offline  
18-05-2006, 09:51   #3
mikedragon32
Closed Account
 
Join Date: May 2006
Posts: 6,424
A cheque lodged in a bank generally takes 5 working days to be cleared and credited to the account it was lodged into.
mikedragon32 is offline  
18-05-2006, 09:53   #4
humanji
Category Moderator
 
humanji's Avatar
 
Join Date: Sep 2004
Location: with ceiling cat
Posts: 17,100
I think it's 5 working days. But it can be longer if the pub doesn't bring the cheque to the bank straight away. They may do it at the end of the month for example.
humanji is offline  
18-05-2006, 10:25   #5
Bard
Registered User
 
Bard's Avatar
 
Join Date: Apr 2000
Location: Drumcondra
Posts: 11,943
Send a message via Yahoo to Bard Send a message via Skype™ to Bard
Depends.

If the pub cashes or lodges the cheque in the same bank branch as the account the cheque is drawn from then it could clear immediately. At some banks (Permanent TSB for example), they may credit the payee's account immediately on lodgement while waiting for the cheque to clear (meaning the funds don't leave the payer's account immediately).

Generally it takes 3 to 5 working days for cheques to clear and for the funds to leave the payers account.

Generally, also, it's not a good idea to write a cheque when the funds to cover the value of it aren't yet in your account!
Bard is offline  
Advertisement
18-05-2006, 10:30   #6
Debbio69
Registered User
 
Debbio69's Avatar
 
Join Date: Apr 2005
Posts: 109
from what i have experienced, it can take 5-7 working days
Debbio69 is offline  
18-05-2006, 10:41   #7
cantona92
Registered User
 
Join Date: Mar 2006
Location: Dublin
Posts: 30
So if its lodged by the bank on Monday and it takes say three days it'd clear on Thursday? or wednesday?
cantona92 is offline  
02-05-2013, 21:22   #8
josh68
Registered User
 
Join Date: Aug 2010
Location: dublin
Posts: 362
if i lodged a cheque on tuesday just gone when should it be available funds in my account it was a bank of ireland cheque lodged in an aib account
josh68 is offline  
02-05-2013, 21:24   #9
Senna
Registered User
 
Senna's Avatar
 
Join Date: Aug 2007
Posts: 6,910
FFS, what Pub still takes cheques????
Senna is offline  
Advertisement
02-05-2013, 21:26   #10
LizT
Same same but different
 
LizT's Avatar
 
Join Date: Jun 2008
Location: In the desert
Posts: 25,612
Quote:
Originally Posted by josh68 View Post
if i lodged a cheque on tuesday just gone when should it be available funds in my account it was a bank of ireland cheque lodged in an aib account
This thread is from 2006, please don't bump old threads.

Try Banking & Insurance & Pensions, please read their charter before posting.
LizT is offline  
Thread Closed

Thread Tools Search this Thread
Search this Thread:

Advanced Search