How long does a Bankers Draft take to clear?
#3
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As above unfortunately, as I recently found out. The UK banking system is a total farce and there is no reason a cheque could not be cleared the same day, if not the following day. My bank says 5 working days, its just ripping you off on the cumulative interest it holds on all transactions over night during that 5 day period for each transaction. I think i'm right in saying Sweden have a system that clears them the same day. So if one country can clear cheques the same day why can't UK banks? Rip off Britain once again I think you will find, especially as a Bankers draught is a guaranteed signature for the stated sum of money, it definately should not be subjected to the same 5 day clearance time.
Oh and they will charge you varying amounts depending on the bank for writing out a bankers draught ffs, that just takes the p!ss, you hold your money with them, they benefit off of it and then when you want them to write you out a cheque for some of your money you have to pay them to do it!
Oh and they will charge you varying amounts depending on the bank for writing out a bankers draught ffs, that just takes the p!ss, you hold your money with them, they benefit off of it and then when you want them to write you out a cheque for some of your money you have to pay them to do it!
#4
Originally Posted by phil_stephens
Same as a Normal Cheque [ depending on your bankers]
the only difference assuming it is not stolen or fake, IT WON'T BOUNCE
the only difference assuming it is not stolen or fake, IT WON'T BOUNCE
#5
Originally Posted by **************
As above unfortunately, as I recently found out. The UK banking system is a total farce and there is no reason a cheque could not be cleared the same day, if not the following day. My bank says 5 working days, its just ripping you off on the cumulative interest it holds on all transactions over night during that 5 day period for each transaction. I think i'm right in saying Sweden have a system that clears them the same day. So if one country can clear cheques the same day why can't UK banks? Rip off Britain once again I think you will find, especially as a Bankers draught is a guaranteed signature for the stated sum of money, it definately should not be subjected to the same 5 day clearance time.
Oh and they will charge you varying amounts depending on the bank for writing out a bankers draught ffs, that just takes the p!ss, you hold your money with them, they benefit off of it and then when you want them to write you out a cheque for some of your money you have to pay them to do it!
Oh and they will charge you varying amounts depending on the bank for writing out a bankers draught ffs, that just takes the p!ss, you hold your money with them, they benefit off of it and then when you want them to write you out a cheque for some of your money you have to pay them to do it!
I sold my old car and handed over the keys on face value of the bankers draft and I think (not sure) could get access to it in 3 days of putting it in my account. I just hope the things I bought turn up soon as cars going in on friday for some work (these are...were part of it!!!) then im going to Italy for a week right after it! Surely you can send something as soon as you get a bankers draft...else a couple days later?
#6
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I gave a bankers draft to some1 to buy my scoob and when we went to cash it into his acct I was shocked to hear it wouldnt clear for 5 days WTF!!!!!! but he could pay £15 or £30 (cant remember which) to get it too clear the next day....
2 weeks eh, the guy is taking the pi55 go see him and walk to his bank with him.
2 weeks eh, the guy is taking the pi55 go see him and walk to his bank with him.
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#8
Originally Posted by Tiggs
it cant bounce so they should send goods staright away.
Hmmm think I may send another PM, see whats going on.
#10
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u 100% its a bankers draft you've given him? cost u something stupid like £15 for the bank to write you 1 out? just thought Id check cause Id have expected you to have know how it'd work or at least within reason if youve gone to the trouble of paying to get 1 written out
#12
Originally Posted by davegtt
u 100% its a bankers draft you've given him? cost u something stupid like £15 for the bank to write you 1 out? just thought Id check cause Id have expected you to have know how it'd work or at least within reason if youve gone to the trouble of paying to get 1 written out
Thing is it comes straight out my account when my bank makes it up, so I cant check if its been banked by him or not!
#15
its also the hassle. i would pay the extra just to avoid having to go to the bank.
or do a free transfer that will clear in 4 days (ish) anyway. i dont even own a cheque book!
or do a free transfer that will clear in 4 days (ish) anyway. i dont even own a cheque book!
#16
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Originally Posted by Colinj
Surely you can send something as soon as you get a bankers draft...?
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