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How long does it take to clear a cheque paid into my account?

April 26, 2017Cheque clear my account paid

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How long does it take to clear a cheque paid into my account?

2 Answers

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For cheques paid into your account, our normal practice is to allow withdrawals 4 bank working days after it has been paid in, provided we have no reason to think that it has not cleared, or might not clear. If we allow you to make a withdrawal against a cheque after 4 bank working days, this is no guarantee that the cheque has been cleared. If the cheque is not cleared, you will have to repay us the amount of the withdrawal.

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• As we are not members of the Cheque and Credit Clearing Company we require seven working days after the day of deposit before money can be withdrawn against a cheque deposited with the Society or its branch agents. Interest will, however, be earned on cheques from the day after deposit.