Quote:
Originally Posted by Sundae
...
Also, it takes 5 working days for a check to clear into my account. Even Government cheques ie from HM Tax Office! ...
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In the days before electronification of all transactions it used to take three business days for a cheque to clear.
Quote:
Originally Posted by infinite monkey
This I don't get. With instant electronic everything they should be able to see cleared checks right away. I think it's a ploy by banks to eke a little more interest off the money.
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I
know it's a ploy by banks to use our money to make even more profit for themselves
.