cantona92 Registered User
#1

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)???

jonnycivic Flaming Ban Hammer Titan
#2

3-5 working days!! Might be quicker for a business tho!!

#3

A cheque lodged in a bank generally takes 5 working days to be cleared and credited to the account it was lodged into.

humanji Registered User
#4

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.

Bard Registered User
#5

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!

Debbio69 Registered User
#6

from what i have experienced, it can take 5-7 working days

cantona92 Registered User
#7

So if its lodged by the bank on Monday and it takes say three days it'd clear on Thursday? or wednesday?

josh68 Registered User
#8

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

Senna Registered User
#9

FFS, what Pub still takes cheques????

LizT Same same but different
#10

josh68 said:
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.

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