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Cheque Clearance

Posted by No longer Online - Created: 8 years ago
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6 replies (Showing replies: 1 to 6)

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Posted by No longer Online - 8 years ago

Yet more charges from the Alpha Bank. I have an overdraft facility with the Alpha Bank and they are not only content with grabbing interest but also charge €100 a year to review it. I can't wait till October so I can close all my accounts with this rip off bank.

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Posted by No longer Online - 8 years ago

Thanks everyone Cheque has finally cleared but it cost £105 what a rip off from the Alpha Bank this has made my mind up to change banks as soon as mortgage is finished (luckily for me in the next few months)

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Posted by No longer Online - 8 years ago

Hi Belinda
I have spoken to a few people who have said the same perhaps it may be I should change away from the Alpha Bank.
I have also spoken to people with accounts of other banks and time seems to vary from 2 to 10 weeks, cannot find any reason why

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Posted by belinda-675574 - 8 years ago

I bank with Laiki and have put many UK cheques in, substantial amounts in some cases. They always give you a clearance date (15-20 working days usually) and as yet they have never been wrong, my money is always in on the date they say.

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Posted by No longer Online - 8 years ago

Hi Nigel

Thanks for the reply I was a little worried. I have been to the bank today and they have said the same and if nothing by Wednesday next week they will make enquiries for me.

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Posted by Nigel Howarth - 8 years ago

Time to clear depends on the value of the cheque - if it's more than €2,000 (I think) it has to be sent to the issuing bank to be cleared. If it's less than €2,000 (I think) it takes around 10 days.

Cheques can take a long time to clear - I received one from the USA that took 6 weeks.

Cheers,