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Post dating cheques uk

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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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Cheques are paper items which are physically transferred between banks at the same time as the electronic data is processed.In this guide, we’ll explain the process and show you what’s happening in each stage. In this example, our cheque is paid in on a Monday.After you pay in a sterling cheque at any HSBC branch in the UK, you can be certain that your funds will be available within six working days. T 2 is the day interest, if applicable, will be earned. T 3 is the day the funds are available for you to withdraw or use in another transaction. Please note, if you withdraw or use the funds at this point, it would be at your own risk as the cheque could still bounce.Once you are registered, we look forward to introducing you to Online Banking, including the exciting enhancements we're working on now.Find out more Ever wondered why it takes a while for money to appear in your account when you deposit a cheque?Sorry, our 'Virtual assistant' only works if you have javascript enabled.

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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.