Just wondering would this be the same for cheques from HMRC?
I contacted them a few weeks back to see if I was due any refund from the last year or two I worked up there, received a cheque yesterday for £801. Lodged it in my bank today and was told it would take 4-5 weeks for it to clear. While I appreciate that cheques from businesses and private individual persons may take longer, I cant see why it would take a cheque from the UK Tax Office this long to clear!
It's a very manual process, your bank will have to mail the cheque off in the post to the Bank of England, they then have to check and process it, ensure there is no stop and come back to your bank as well as pay the funds over to your bank. Much of the delay is caused by postal delays etc
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