John Rambo
Registered User
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(This discussion on clearing interest split to separate thread by moderator...)
You should be aware that this is just a mechanism for the bank to charge you interest. They charge "clearing interest" if you use these funds they have advanced you prior to the cheque actually clearing.
Thanks for the reply NHG, I will give that option a go and see what happens, Strangely enough cheques do go through immediately to my personal account and the funds are always available immediately, This is only for company cheques and not personal ones.
Thanks
D
You should be aware that this is just a mechanism for the bank to charge you interest. They charge "clearing interest" if you use these funds they have advanced you prior to the cheque actually clearing.