Will a bank of scotland cheque clear immediately if it is getting paid into another bank of scotland account?

Question

Will a bank of scotland cheque clear immediately if it is getting paid into another bank of scotland account?

Answer 1

Nope, it won't clear immediatly, 3 to 5 working days is the norm but as it's an internal transfer of money it should be closer to 3.

Answer 2

I,m afraid not. 3-5 working days is the norm

Answer 3

no, some banks clear in 3-4 days others take 7

Answer 4

only if the account the check is drawn on has funds in it!

Answer 5

yes should do as its thre same bank, i know when i pay a lloyds cheque into another lloyds account it does, i think only if paying into a different bank it will tale 5 working days

Answer 6

Never heard of any cheque clearing instantly...ever. Actually about a year ago there was a big debate about this and the reason why in these technology driven times it does take so long to clear a cheque. It all got swept under the carpet of course because banks and other massive companies basically rule this country....

Answer 7

If it is one of their own bank drafts it might, as you have to pay for the draft up front, so the money is there (sitting in a Bank of Scotland suspense account earning THEM interest until the draft is cashed).

If a normal personal cheque then 3-5 days, depending on the type of account you have. Generally current accounts have faster clearance times than savings accounts.

Answer 8

I think it still takes 3-5 days for the cheque to clear.