Post dating cheques uk
Therefore it’s advisable to wait until after 9am the following morning to be certain that the money is yours - in this example, on Wednesday.
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The physical cheque is then sent to the bank on which it is drawn.
Day 3The paying bank debits the payer's bank account with the amount of the cheque on the morning of day 3.
This is because all UK banks and building societies must meet the requirements of a cheque clearing process. If the cheque bounces, those funds will be debited.
T 6 is the final day that your cheque could bounce. Please bear in mind our end-of-day processing means that any cheque reversal transactions may not be visible on your account until the start of the next day.
Day 1 When a cheque is paid into an account (at the collecting bank) it is sent to the bank's clearing centre at the end of the working day.