Re: Sorry Bank Clearing Times Again!!!


"Peter Lynch" <pete@xxxxxxxxxxx> wrote in message
news:slrners819.o47.pete@xxxxxxxxxxxxxx
On Mon, 29 Jan 2007 15:15:23 -0000, Ken wrote:

<whitely525@xxxxxxxxxxx> wrote in message
news:1170081602.611930.151520@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


On 29 Jan, 14:26, "Ken" <Reply to NG only> wrote:
"Andrew MacPherson" <andrew....@xxxxxxxxxxxxxxxxxxxxxxx> wrote in
messagenews:memo.20070129141922.4248B@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Reply to NG only (Ken) wrote:

Any comfort for when I can breathe a sigh of relief?

About six months I think. :-) Last I heard, cheques can be
"uncleared"
under certain circumstances for a long time after the initial
clearing.

There are changes due, but I'm not sure when. Hopefully you won't
have
cause to find out though.

Andrew McPSo when my bank tells me that the money has been taken from
the cheque
payees account and has been transferred to my account how can it take
longer
than the four working days they have told me. What point am I missing
or
do
I need to keep on tranquilisers for six months until it is certain??

Get it in writing from your bank. It should focus their minds, rather
than
having one of their ignorant members of staff just telling you
anything to
get rid of you.

It is most unlikely the bank could come back to you, but the legal
right
appears to exist. APACs advise is to only accept cheques from people
you trust. Completely useless advice, of course.



Ken

The cheque is from an old established and large firm of solicitors.
However
I need to be sure because I have a separate dispute with them which I can
escalate but only when I know the payment is sure. Whilst this second
dispute is over a much smaller amount (hundred and not thousands) as far
as
I am concerned it is still money they owe me and I would rather have it
than
write it off.

Ken

Just out of interest, would it be possible in these circumstances
to ask for payment in cash (yes a bag full of twenties)?
You could probably undertake the whole transaction in the bank,
with the solicitor withdrawing the cash, handing it to you and
you then paying it back in over the "counter".
I recognise there are monkey laundering rules around now, that
make these things harder - but not impossible

Pete

Good "lateral" thinking. However I doubt the solicitor would of agreed and
they are 300 miles away making a long trip if he had agreed!!!
Ken


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