Regardless of which bank, cheques can still bounce until the 6th working day. Banks usually follow the standard cheque clearing process. This is what Santander are doing. Tuesday is counted as day 0. Thursday is day 2 and is when you start earning interest on the money.
Thanks for your reply. This is because it takes longer for us to process cheques through the Post Office. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More. Table of Contents. How do you plan a charity fundraising event? Are tools covered under homeowners insurance? Accept Decline Cookie Settings. Scott Shilliday Business Development Manager scott.
Jamie Ritchie Business Development Director jamie. Gary Newman Relationship Manager gary. Sahar Habibmohammadi Relationship Manager sahar. Carly Cheney Relationship Manager carly. Jo Phipson Regional Director jo. Andy Wright Regional Director andy. Darren Oddy Regional Director darren. When you pay cash in at the Post Office this will be viewable on your account and available to withdraw again the same day.
Please note: Funding timescales may vary depending on the way funds are deposited. Refer to your Terms and Conditions for more information. We have a range of services for customers with more complex needs. For further information please speak with your Relationship Director.
The funds received from electronic deposits, such as Faster Payment, Bacs and CHAPS will be available for use as soon as the funds have arrived in your account from the issuing bank. Please see below for a description of these payment types. You can confirm the deposit has been successful by viewing your account via the online banking service, where you can also you check your account balances. Information on cheque clearance timescales can be found on our cheque processing page.
The table below shows you the clearance times of your funds depending upon the instruction you have given.
For other types of transaction, such as payments by card, the funds may not show as being debited on your account until the next banking day. So please ensure there are enough funds in your account to cover any payments or charges that may be debited on that day.
Please see your Terms and Conditions for more information. This is known as Bacs Direct Debit sponsorship. Direct Debiting is an effective way for organisations to collect funds from their clients into their account from both businesses and individuals and so improves cash flow. If you are interested in using this service please talk to your Relationship Director who will provide further detail.
Find your expert. Question section: 1 Questions: 1 Answer the simple questions below to find the right contact details. Are you a new or existing customer? Existing customer. New customer. Questions: 1 Answer the simple questions below to find the right contact details. However, if your cheque is returned unpaid by the drawers bank i. The cheque clearing example below will help you work out when your money begins to earn interest, when money can be used, and when you can be sure that the cheque has cleared.
If you pay a cheque into your account on a Monday before 3. This is also the point at which this money will reduce the amount of your overdraft interest charged if applicable. By the end of day two of the clearing cycle i.
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