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AIB Cheque to Clear taken Five Working Day

  • 20-12-2019 11:25am
    #1
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭


    I lodged a cheque yesterday Thursday 19th with AIB. Teller said for it to clear it will take five working days.

    Over the Christmas period that is 30th December.

    Why is this farcical allowed?


Comments

  • #2
    Fracture
    Registered Users, Registered Users 2 Posts: 1,046 ✭✭✭Fracture


    YFlyer wrote: »
    I lodged a cheque yesterday Thursday 19th with AIB. Teller said for it to clear it will take five working days.

    Over the Christmas period that is 30th December.

    Why is this farcical allowed?

    I'd guess and say it's to tackle fraud.


  • #3
    GerardKeating
    Registered Users, Registered Users 2 Posts: 7,806 ✭✭✭GerardKeating


    YFlyer wrote: »
    Why is this farcical allowed?

    What are you calling farcical ? the clearing time for the cheque, or the fact that someone gave you a cheque?


  • #4
    ELM327
    Registered Users, Registered Users 2 Posts: 22,639 ✭✭✭✭ELM327


    whats a cheque?
    Answers on a facsimile or to be sent by aeromail to the prussian consulate in siam.


  • #5
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭YFlyer


    Fracture wrote: »
    I'd guess and say it's to tackle fraud.

    So they may say.


  • #6
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭YFlyer


    GerardKeating wrote: »
    What are you calling farcical ? the clearing time for the cheque, or the fact that someone gave you a cheque?

    The clearing time.


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  • #7
    antix80
    Registered Users, Registered Users 2 Posts: 2,419 ✭✭✭antix80


    YFlyer wrote: »
    I lodged a cheque yesterday Thursday 19th with AIB. Teller said for it to clear it will take five working days.

    It sounds reasonable to me.
    No idea why you chose to accept payment in the form of a cheque. Surely cash or bank transfer would be more efficient?


  • #8
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭YFlyer


    ELM327 wrote: »
    whats a cheque?
    Answers on a facsimile or to be sent by aeromail to the prussian consulate in siam.

    Came from a credit union. They still exist as well :)


  • #9
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭YFlyer


    antix80 wrote: »
    It sounds reasonable to me.
    No idea why you chose to accept payment in the form of a cheque. Surely cash or bank transfer would be more efficient?

    It was a gift from a relative.


  • #10
    splinter65
    Registered Users, Registered Users 2 Posts: 9,420 ✭✭✭splinter65


    YFlyer wrote: »
    Came from a credit union. They still exist as well :)

    The Credit Union will pay out either in cash or cheque.
    Edited to add:
    Saw your last post. Sure what can you do?


  • #11
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭YFlyer


    splinter65 wrote: »
    The Credit Union will pay out either in cash or cheque.
    Edited to add:
    Saw your last post. Sure what can you do?

    Lay low, I guess :)


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  • #12
    amber2
    Registered Users, Registered Users 2 Posts: 1,618 ✭✭✭amber2


    Clearing time when dealing with the same institution that the cheque is drawn on is usually 3 days but you will be given a timeframe of 3 to 5 working days just as a matter of course. You will get value for your cheque straight away as long as your account is not a relatively new account & has operated well, ie no unpaids or going overdrawn. If it’s a relatives cheque I’m guessing you don’t need to worry about it coming back unpaid for any reason.


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