Topic: Cheque Clearing
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Answers to Common Questions
What is outward clearing cheque?
Cheques deposited in the bank for credit to their accounts, drawn on a bank other than that of the collecting bank,i.e., not a transfer cheque. Cheques are bound outward to the payee/ drawee bank (the bank that is making the payment/ on who... Read More »
Source: http://wiki.answers.com/Q/What_is_outward_clearing_cheque
Why does a cheque not clear?
Just to clarify, there is a difference between a check that "bounces" and a check that doesn't "clear." However, they are often related. A check that bounces means that the bank of the person who wrote the check refuse to transfer the funds... Read More »
Source: http://wiki.answers.com/Q/Why_does_a_cheque_not_clear
What clearing cheque means in banking?
Clearing a cheque , means the time it takes to verify funds involved in the transaction. Read More »
Source: http://wiki.answers.com/Q/What_clearing_cheque_means_in_banking
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Cheque Clearing
More Common Questions
Answers to Other Common Questions
It depends on the bank and branch that issued the cheque you are depositing. If the cheque is issued by RBS and that too the same branch where you hold an account, the cheque can be cashed within one day. If the cheque is issued by a differ...
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Source: http://wiki.answers.com/Q/How_long_do_rbs_take_to_clear_a_cheque
If cheque is not not cleared then it is called "Bounce".
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Source: http://wiki.answers.com/Q/What_you_call_for_cheque_which_is_not_c...
In the USA, there is no centralized or even unified check clearing process; clearing time varies according to on which bank a check is issued and at what bank it is cashed or deposited.
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Source: http://wiki.answers.com/Q/Why_does_it_take_that_long_for_a_cheque...
5 working days Lloyds cheque from a Hampshire branch deposited in Basingstoke RBS Tuesday 10:00 not available the following Monday at 18:00
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Source: http://wiki.answers.com/Q/How_long_does_a_cheque_take_to_clear
5 days
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Source: http://wiki.answers.com/Q/How_long_does_a_cheque_to_clear
check bounce is when you do not have sufficient balance in your account and check not cleared is when the process is delayed on either end due to some problems
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Source: http://wiki.answers.com/Q/What_is_Difference_between_cheque_bounc...
