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Old 22nd Aug 2013, 14:40   #1
Walkerie
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Lloyds TSB to Lloyds TSB Cheque

Hi all,

If someone could clarify for me that would be great, we received a cheque last night and passed it across to Lloyds who have added it to our account.

She said that the funds are immediately available, do lloyds to lloyds cheques not require time before you can withdraw etc?

I sold a car basically so want to know if its safe to release the car to new owners.

Kind Regards
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Old 22nd Aug 2013, 14:43   #2
tom_e
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http://www.lloydstsb.com/legal/curre...e-clearing.asp

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Old 22nd Aug 2013, 14:51   #3
Walkerie
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Quote:
Originally Posted by tom_e View Post
Hi Tom,

Yeah I've read that, just confused me a bit.

So i'ts basically 100% cleared?
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Old 22nd Aug 2013, 15:04   #4
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Quote:
Originally Posted by tom_e View Post

Quote:
Originally Posted by Selective quoting
If you have a Lloyds TSB cheque from a personal account... we will show it in your account, pay interest on it, and allow you to withdraw the funds on the same day that we receive it.

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Old 22nd Aug 2013, 15:09   #5
Pez
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However, the cheque will still be subject to standard clearing process. So while you are given access to the funds immediately, if the cheque then gets unpaid at day 4 of clearing, your account will be debited again. You can avoid this by asking for special presentation which will get a fate quicker - there is usually a charge for this.

A house check (drawn and paid on the same sort code) will clear immediately.

Hope that helps.
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Old 22nd Aug 2013, 15:21   #6
Hamish
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Bit silly to use cheques for selling cars noawdays. Just get online banking up on your phone and send it over. Much quicker, easier, and less prone to fraud.
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Old 22nd Aug 2013, 18:02   #7
httk
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Quote:
Originally Posted by Hamish View Post
Bit silly to use cheques for selling cars noawdays. Just get online banking up on your phone and send it over. Much quicker, easier, and less prone to fraud.
Is it much less prone to fraud? Either way, I'd be waiting for the money to clear. It is quicker and easier though, I'd give you that, but if someone wanted to buy a car from me I wouldn't insist on it.
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Old 22nd Aug 2013, 18:19   #8
chaparral
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Quote:
Originally Posted by Hamish View Post
Bit silly to use cheques for selling cars noawdays. Just get online banking up on your phone and send it over. Much quicker, easier, and less prone to fraud.
I heard a small rumor saying that not everyone in the world owns and uses a smart phone..
But that rumor maybe false and just started by some old drunk guy in a pub.....

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