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Cheque Clearance Times

Posted by Eaf Eaf
Message 1 of 2 3,076 Views
Good Evening,

It's with disappointment; but little surprise that I write once again to call the bank out on its criminal holding practises when accepting cheque deposits.

Last Tuesday, I deposited two. 5 "business" days later (6 actual days) and neither has cleared.

(parentheses indicate umbrage taken with this term - you aren't a business, you're a criminal enterprise)

Maybe you crims will get it if I ask my questions by quoting a couple of famous criminals:

"Where's the money? When are you going to get the money? Why aren't you getting the money now? ... And so forth." - Fat Tony

"Where's the money, Lebowski? Ja, we want the money, Lebowski. You think we are kidding; making with the funny stuff? There are things you haven't been told about, Lebowski. We believe in nothing. Ja, nothing. And tomorrow, we come back and cut off your Johnson." - The Nihilists

Legislation dictates three day clearance. This needs to happen immediately. Ensure it does.

Thank you.
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Re: Cheque Clearance Times

Posted by LyndsC LyndsC
Message 2 of 2 3,054 Views

Hi @Eaf, the clearance time on a cheque depends on a few factors, such as the type of cheque, when and how it was deposited, and if it is in AUD or a foreign currency. To be able to clear the funds of a cheque, we rely on confirmation from the bank who issued it, without this the cheque can not be cleared. For security reasons we can't access or discuss any personal details over the forum, however if you can give us a call on 13 17 19, we can look into this for you and give an estimated time that the cheque may clear. Thanks.

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