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How long does it take to clear a cheque?

Our man in Havana · 2004-10-16 13:09:33

How long does it take to clear a cheque? My friend lodged a cheque for 10k to PTSB on friday. They claim it takes 5 days to clear it. Its a BOI cheque from a very reputable building firm well known. Is this normal or are PTSB taking the p*ss? Now he wrote me a cheque today. If i lodge it before the original cheque has gone…

16-10-2004 1:09pm

#1

Our man in Havana

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How long does it take to clear a cheque? My friend lodged a cheque for 10k to PTSB on friday. They claim it takes 5 days to clear it. Its a BOI cheque from a very reputable building firm well known. Is this normal or are PTSB taking the p*ss?

Now he wrote me a cheque today. If i lodge it before the original cheque has gone thru the hoops will my cheque bounce? I also bank with PTSB also. I assume my cheque will also go thru the 5 day hoops?

BTW when he lodged the 10k it was showing in his balance but not available.

Any advice on how to proceed?

Thanks
007

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Comments

#2 16-10-2004 5:23pm

Victor

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5 days, unless it's the branch it is drawn on (it's adifferent bank though).

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