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British Bank Draft Clearing time?

  • 19-02-2011 10:59am
    #1
    filmbuffboy
    Closed Accounts Posts: 894 ✭✭✭


    I Lodged a Bank Draft that my sister sent me from London on Monday and it still hasnt cleared. Does anyone know how much longer it should take? I could do with the funds! Cheers for the replies!


Comments

  • #2
    Rebel1977
    Registered Users, Registered Users 2 Posts: 802 ✭✭✭Rebel1977


    filmbuffboy wrote: »
    I Lodged a Bank Draft that my sister sent me from London on Monday and it still hasnt cleared. Does anyone know how much longer it should take? I could do with the funds! Cheers for the replies!

    As it's English it be like a cheque I would think about 10-14 working days, check with your bank when you lodged


  • #3
    filmbuffboy
    Closed Accounts Posts: 894 ✭✭✭filmbuffboy


    I asked the teller when lodging and she said she couldnt give me an exact timeframe! BUt thanks for the reply!


  • #4
    Rebel1977
    Registered Users, Registered Users 2 Posts: 802 ✭✭✭Rebel1977


    filmbuffboy wrote: »
    I asked the teller when lodging and she said she couldnt give me an exact timeframe! BUt thanks for the reply!

    They should know these things especialy if he/she work in foreign exchange


  • #5
    ANXIOUS
    Registered Users, Registered Users 2 Posts: 3,095 ✭✭✭ANXIOUS


    Im pretty sure its 20 working days.


  • #6
    filmbuffboy
    Closed Accounts Posts: 894 ✭✭✭filmbuffboy


    20 DAYS! eek! that sucks.... but thanks for the heads up! :D


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  • #7
    sarahlulu
    Registered Users, Registered Users 2 Posts: 295 ✭✭sarahlulu


    It can take up to 20 days for the chq to be full cleared (ie for there to be no chance of the draft being returned unpaid) however, you will most likely be able to draw the funds after 5 working days.


  • #8
    delos
    Registered Users, Registered Users 2 Posts: 404 ✭✭delos


    It depends completely on the bank / branch. I can draw on the funds straight away. Having said that it is usually only a couple of hundred at the most. If I went in with 10k they might treat it a little differently.


  • #9
    filmbuffboy
    Closed Accounts Posts: 894 ✭✭✭filmbuffboy


    Thanks for the replies! Ill have to wait and sit it out....


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