Re: Sorry Bank Clearing Times Again!!!



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

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