AIB cheque into AIB account - where did it go?

L

lenovoguy

Registered User
Messages
46
Hi

I lodged an AIB cheque into my AIB current account this morning.
I was under the impression that the cheque would clear instantly.
It hasn't appeared yet so have they changed this policy?

Thanks
 
I would have thought that the close of business would be the earliest that the cheque would show up cleared.
 
Maybe it is, I really don't know, I don't usually use cheques in any way shape or form, i do my banking electronically for the most part.
 
If you lodge a cheque in your own branch, drawn on another branch and ask them to clear it straight away, its then available in your account immediately. Now thats what happens with TSB, dont know if its the case generally.
 
A credit appearing on the account (or showing up as a credit on online banking) is not the same as "cleared". Unless you requested "express clearance" a lodged item showing on the account balance is not necessarily cleared for funds or value-dated on the day it appears.
 
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