Re: clearing a cheque from a US bank




"uknewsfan" <uknewsfan@xxxxxxx> wrote in message
news:m8j433tff38jrtcchifsgjj2alapb2v58r@xxxxxxxxxx
On Fri, 27 Apr 2007 18:01:24 +0100, "Eric Jones"
<ejones999@xxxxxxxxxxxxxx> wrote:


"NC" <ginger_neil@xxxxxxxxxxx> wrote in message
news:1177667178.799125.22070@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Anyone know how long it may take to clear a substantial cheque sent
from US bank ? Do they have speedy clearing sytsems, or quite the
opposite + lots of hoops to jump through to enable the money to be
moved out of the US ?

If at all possible do not accept a cheque.Ask for a wire payment
(international moneymover) which will clear when put in your account.
A cheque Collection can take 4 to 6 weeks!


A week when I did it,ie in the good old days when I used to clear a few
hundred quid a month from Barnes and Noble afiliate programme

If it took a week, that wasnt proper clearing, in effect the bank took a
chance on it, and it could have been reversed later. As a previous poster
said, 6 weeks or so for it to be finalised.

--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com


.



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