Anyone who has struggled to work out how long it takes for a cheque to ‘clear’ will find invaluable the a href=" http://www.chequeandcredit.co.uk/246/-/page/cheque-checker/
" target="_blank">online cheque clearing time checker.
The checker calculates the maximum time it takes for a paid-in cheque to start to earn interest, (or to reduce interest if your account is overdrawn), when the funds will be made available to draw against, and when the cheque finally clears and there is no risk of the cheque being returned unpaid (bouncing).
Barry is a Chartered Banker and a Fellow of the Institute of Credit Management. He has a degree in Statistics and Business Economics from the Open University. Barry writes mostly on news from the worlds of banking and mortgages.
Barry is Managing Director at checkmyfile.