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- 19 Oct 2002
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Is it true that you can pay £10 at a bank and get a cheque cleared/ or cashed instantly ? or is that a myth ?
Cheques
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[/font][font=Verdana, sans-serif]What is special presentation or special clearance?[/font]
[font=Verdana, sans-serif]To enable the recipient of a cheque to know as soon as possible whether it will be paid, they can ask their bank to specially present that cheque. Their bank then sends the cheque by first-class post directly to the paying bank, contacting them by phone on the following working day to confirm whether it will be paid. The payee may not receive the funds any sooner, but has the knowledge that there are sufficient funds to pay the cheque.
BigBl00 said:ok thanks all , I have a HSBC account and a cheque from HSBC themselves, not sure if that will clear fast being from the bank themselves.