How many days does it take to clear a check?
I deposited a cheque (issued by a local bank) to my account on the night of January 28th and it hasn't been credited to my account until now. I called my bank's customer service but they told me it will take 4 to 5 days. I think 4 days is too much. In the past, it only takes 2 days to clear and credit the check to my account. I talked to our accountant and he said the cheque has been cleared by the issuing/drawee bank on 29th of January. That means my money is sitting in the bank's cash position and probably using it for their benefit while I'm waiting for my own money.
Can someone from the banking sector tell me, how long does it usually take to clear and credit the cheque amount to one's account?
P.S. It happened to me 2 times before(:
Check the spelling of your name is 100% correct. If any single letter is wrong it will send back to the Arab bank.
am extremly sorry to say both bank sucks and and their services are unsatisfactory.
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My cheque is issued by Arab Bank and my bank is HSBC.
Usually check clearance is done from 1 to 2 days maximum and it does not take 4 days just to clear a check, something wrong with you banker, better to see the Branch Manager and tell him the problem.
Semper Fidelis
may i know which bank??
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it's only local bank that is why I'm fuming
if its a local bank shouldnt be more then a day or say more than 6hrs. and if its from outside then sure will take 1 week.
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