Adam_B
Member
Registered: 13th Dec 00
Location: Lancashire
User status: Offline
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Why the fuck does it take 7 fucking days for a cheque to clear?  i mean ffs this is the 21st century! I can download an entire film off the internet in a couple of hours, i can buy something from the other side of the world and it be here in 2 days, yet it takes 1 week for money to transfer from someons bank account into mine.
why?
rant over
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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try taking cheques off half of corsasport.
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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because the banks makes cash off it  a cheque can be cleared within one/two working days (if that) - but thats why i hate bloody cheques 
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Because the banks don't want you to use cheques so they try and piss you off so much that you won't use them anymore
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dave17
Member
Registered: 3rd Sep 02
Location: Greater London
User status: Offline
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i was thinking this the other day, its pathetic.
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Carr
Member
Registered: 1st Oct 04
Location: Leicestershire (Home) Ambleside, Lakes (Uni)
User status: Offline
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almost as bad as the echeque i accidently sent by paypal the other day instead of normal paypal. can't change it and it takes 11 days to clear.  8 or so of which are working
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Banks make alot of money out of doing this!! They do not want this to change unless they have to!!
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sukhwant
Member
Registered: 8th Sep 04
Location: Leeds
User status: Offline
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i thought it was just 5 workin days for it to clear??? i mean if u cashed it on monday morning u'll have the money by friday
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corsa_crew
Member
Registered: 9th Oct 03
Location: Stockton-on-Tees
User status: Offline
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7 seems along time , which bank u with? i'm with the halifax and u can write on cheques after just 3 days
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Dave A
USER UNDER INVESTIGATION - DO NOT TRADE
Registered: 10th Dec 03
Location: County Durham
User status: Offline
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halifax take 5 working days
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Je11ybubb1es
Member
Registered: 11th Jun 02
Location: Milton Keynes
User status: Offline
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i bank with lloyds if you pay in another lloyds cheque you can normally draw on it straight away. banks dont make any money on clearance of cheques, it costs them 36p per cheque, and if you imagine how many cheques they get... a lot of money. a lot of it is to do with fraud, i work in a fraud dept
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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i bank with natwest and when i paid a cheque in from tesco i could draw on it straight away as they are the same company
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James_DT
Member
Registered: 9th Apr 04
Location: Cambridgeshire
User status: Offline
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quote:
Originally posted by Je11ybubb1es
i bank with lloyds if you pay in another lloyds cheque you can normally draw on it straight away. banks dont make any money on clearance of cheques, it costs them 36p per cheque, and if you imagine how many cheques they get... a lot of money. a lot of it is to do with fraud, i work in a fraud dept
No, it's to do with interest from how long they hold onto it. They really do make money from it.
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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If I pay a scottish chq into my accoount clear in 3 days
If i pay a english chq into my account clear in 5 days
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Adam
Member
Registered: 1st May 01
Location: Hurstbourne Tarrant
User status: Offline
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They use the cheques overnight on the Asian stock markets, which is basically what they do with your bank account too, just as long as the same amount of money is in your account the next morning
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K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
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Natwest takes 2 days for me 
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3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
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depends on your sort-code as to how long it will take
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Teddy
Member
Registered: 19th Jul 04
Location: Northampton Drives: VW Bora 1.9TDi pd130
User status: Offline
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Yep this has happened to me - someone here bought an exhuast off me - it cleared then bounced then cleared again - very odd.
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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Why don't people just do internet transfers, I just transfered money from my account to Kindness account and it takes 3 days maximum.
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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Lloyds take 4 days or "up to"
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Half Pint
Member
Registered: 25th Mar 02
User status: Offline
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quote:
Originally posted by James_DT
quote:
Originally posted by Je11ybubb1es
i bank with lloyds if you pay in another lloyds cheque you can normally draw on it straight away. banks dont make any money on clearance of cheques, it costs them 36p per cheque, and if you imagine how many cheques they get... a lot of money. a lot of it is to do with fraud, i work in a fraud dept
No, it's to do with interest from how long they hold onto it. They really do make money from it.
they don't make any money out of holding the cheque dick!
It's purely the processses and type of cheque.
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Teddy
Member
Registered: 19th Jul 04
Location: Northampton Drives: VW Bora 1.9TDi pd130
User status: Offline
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quote:
Originally posted by Ojc
Why don't people just do internet transfers, I just transfered money from my account to Kindness account and it takes 3 days maximum.
I work in It and i dont trust dealings like that on the internet full stop its a direct interaction with the world and your personal back accounts.
All software is hackable.
I never internet deal.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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HP they will make int on the period in which the cheque is held provided it clears
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