It was a business cheque. Popped into one of my suppliers to pick up some bits and get an outstanding on my account, for which I wrote a cheque (a shade over £500) and gave it to them. Logged into online banking yesterday evening and it had already gone from my account?

How bloody quick was that? 😯

Leaving your account isn’t the same as cleared, its now floating round in the lost depths of the banking system. Exactly why this is, in the 21st century, no one is entirely sure.

It most likely won’t appear in the other account and be spendable for a few days yet.

It has cleared your account so the bank has it to play with. Your supplier will see it but cannot draw against it as the bank continues to play with it.

Ohh, and they also charge you for the privilege.

Yeah. Just thought it was a bit quick for it to exit my account. I guess they must be with the same bank.

No – it might not be in their account (although it equally might be), they have just taken it from yours.

Many years ago when i worked in a bank i seem to recall you could pay extra to have a cheque clear the same day (it was a tenner back them).

They may be desperate for the cash flow and paid to have it clear straight away? I assume it can still be done.

, its now floating round in the lost depths of the banking system. Exactly why this is, in the 21st century, no one is entirely sure.

the bank staff take off all their clothes and roll around in our money (from uncleared cheques) at breaktimes. Ask anyone who works in a bank if this is true and they act all furtive…

express check clearance…………….we do it with iffy customers… 8)

we do it with iffy customers

You know what ton, that’s what I thought 😯 …but I’ve been buying from them for years and years and never bounced a cheque (though I’m not always inside the 30 days thing 😉 )

it is always the ones you least expect…….. 😉

it is always the ones you least expect……..

Just as well it’s not you ton, you’d probably already have been round to duff me up…with your rep 8)

no mate, i let em use 90 days…………..if they arn’t earning they can’t pay………..and they need stock to earn.

dd……….how wrong have you got me………. 😆

Express clearance gets you the money the next working day, not the same day, as their bank would need to post the cheque to your bank so that they can check that it’s genuine (signature etc, and make sure you’ve got the money to pay it), it’s more likely that they bank at the same branch/sort code as you do, in which case the cheque doesn’t need to go to clearing. At least that was the case when I was a bank manager 5 years ago.