How long does it take to clear a cheque on my account?
Interest is earned from the fourth business day and the funds are available for withdrawal from the fifth business day. 11. How do I close my AK Account(s)? We can close your account(s) providing we receive a written instruction from you requesting closure of the account(s). 12. Could the minimum 1.00 cheque that I send towards initial deposit be of any bank? To ensure a high level of security, the minimum 1.00 cheque deposit we receive from you must match the current account details of the nominated account on the Account Application Form. The pre-printed name on the cheque must match the name in which the AK Savings Account is held, and the cheque must be drawn on a personal account. 13. How much time does it take to transfer funds between my AK Savings Account & my nominated current account? It normally takes three to four working days to transfer funds between your AK Savings Account and your nominated account. 14. Will I receive a statement? We will post you a monthly statement as
