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Cheques

  • 16-08-2013 6:48pm
    #1
    Dtp79
    Closed Accounts Posts: 2,097 ✭✭✭


    Lodged an AIB cheque Monday and its Friday now and it still hasn't cleared yet. Why in this day and age of technology and such does it take 5 days for such a simple thing


Comments

  • #2
    ROVER
    Registered Users, Registered Users 2 Posts: 430 ✭✭ROVER


    Dtp79 wrote: »
    Lodged an AIB cheque Monday and its Friday now and it still hasn't cleared yet. Why in this day and age of technology and such does it take 5 days for such a simple thing

    Cheques are a very slow method of transferring cash. It's an ancient process next time ask for a cash transfer. I think cheques will be phased out within the next three years.


  • #3
    Dtp79
    Closed Accounts Posts: 2,097 ✭✭✭Dtp79


    ROVER wrote: »
    Cheques are a very slow method of transferring cash. It's an ancient process next time ask for a cash transfer. I think cheques will be phased out within the next three years.

    Hopefully they will! I rarely write cheques any more but receive a lot!


  • #4
    Bank of Ireland: Tara
    Closed Accounts Posts: 2,346 ✭✭✭Bank of Ireland: Tara


    Hi Dtp79,

    All cheques and drafts are subject to clearing. If the item is drawn on a BOI account, it will clear within three working days. Cheques and drafts drawn on other Irish banks take five working days to clear. 

    One option that may suit you, would be to request an electronic credit transfer which would not be subject to a clearing process. Transfers between EU banks are received after one working day, provided the transfer is sent before the sending bank's cut off time.

    Thanks
    Tara


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