Quick Question - Cheques

Associate
Joined
19 Mar 2003
Posts
1,364
I need to pay my landlord my rent and deposit for my new house as soon as possible, however i didn't have enough money in my account at the time, so I've borrowed some money off my parents until my student loan arrives. They gave me a cheque that i paid in yesterday, but it won't clear till probably wednesday. If I give my landlord a cheque for my rent, would he be able to pay it in to the bank on say monday or tuesday (since that cheque will not clear until thursday...), or does it have to be after my cheque has cleared?
 
Soldato
Joined
23 Feb 2004
Posts
6,941
Location
Edinburgh
mrdbristol said:
His cheque will take the same amount of time to clear as your's.

4 working days. Just date it a couple of days after the date you paid yours in.

Not true. Same bank cheques are quicker to clear than for different banks. If you're with the same bank as your parents and he's with a different one, theirs will be faster.
 
Soldato
Joined
8 Nov 2005
Posts
4,448
Ex-RoNiN said:
Just put a date of Wed/Thur, to be on the safe side :)
Post-dating a cheque doesn't affect it. Banks will process a cheque on the day it was paid in, irrespective of the date on it.
 
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