Comments on: Funds from UK cheques guaranteed http://tamebay.com/2007/11/funds-from-uk-cheques-guaranteed.html eBay & ecommerce made easy Sun, 12 Feb 2012 08:10:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Chris Dawson http://tamebay.com/2007/11/funds-from-uk-cheques-guaranteed.html#comment-21057 Chris Dawson Fri, 30 Nov 2007 13:35:21 +0000 http://www.tamebay.com/2007/11/funds-from-uk-cheques-guaranteed.html#comment-21057 Hi Jade, sorry I should have made it clear, it's known as the 2-4-6 rule. On the 2nd <i>working</i> day following the day you paid the cheque in you'll get interest, on the 4th <i>working</i> day you can withdraw the funds and on the 6th <i>working</i> day it'll be cleared and can never bounce in the future. According to <a href="http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=263&a=367&view=print" rel="nofollow">British Banking Association</a> if you pay a cheque in on a Monday it'll clear on Tuesday the following week :-) Hi Jade, sorry I should have made it clear, it’s known as the 2-4-6 rule. On the 2nd working day following the day you paid the cheque in you’ll get interest, on the 4th working day you can withdraw the funds and on the 6th working day it’ll be cleared and can never bounce in the future.

According to British Banking Association if you pay a cheque in on a Monday it’ll clear on Tuesday the following week :-)

]]> By: Jade http://tamebay.com/2007/11/funds-from-uk-cheques-guaranteed.html#comment-21055 Jade Fri, 30 Nov 2007 13:09:14 +0000 http://www.tamebay.com/2007/11/funds-from-uk-cheques-guaranteed.html#comment-21055 Hi thats great news, but is it 7 working days before it is cleared? Hi thats great news, but is it 7 working days before it is cleared?

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