Foreign Cheque Clearing Time

Sunny

Registered User
Messages
4,571
Anyone know how long it should take a Euro cheque drawn on a UK Bank to clear if I deposit it in my a/c in Ireland

Thanks
 
There is no standard for clearing times between Ireland and UK. There are differing arrangements between different banks, and there are different clearing times depending upon whether the cheque is drawn on a London office of a major bank or an out-of-town branch of a non-clearing bank. Typical time is about 4-5 days, but can be longer. An Irish bank may give you credit for it in 4-5 days, but they will reserve the right to recover from your account if it bounces back many days later
 

Thanks Gulliver. Good to know. Its a London branch of Barclays so should be quick enough. Suppose I could ring my bank and ask!
 
I got a cheque from Sky drawn on a London branch of Natwest in Euros. I lodged it to my PTSB account. I did not receive value for it for 21 days.