geo1903 Posted May 5, 2010 Report Share Posted May 5, 2010 Bit of a random request really. I've a cheque arrived today for my business and the customer needs the goods sent asap. Unwilling to send the stuff out without the cheque clearing (obviously, as its a new customer) so I call my bank (RBoS) to see how long it will take to clear. Six working days they tell me (wtf), which, will cause an `issue` if I wait that long before sending the goods out.So, is there a quicker way to get this payment cashed or banked? I know there is a money shop in Castlegate I think, but no doubt the charges would be hefty as the cheque's for just less than three and a half grand. Quote Link to comment Share on other sites More sharing options...
Skacel Posted May 5, 2010 Report Share Posted May 5, 2010 Try a pawn shop they might do stuff like that.Theres one on union street (next to belmont street area) but i can''t remember the name of it. Payday loans etc so I'm sure they would do cheque cashing. What about cash converters? Quote Link to comment Share on other sites More sharing options...
Fish out of water Posted May 5, 2010 Report Share Posted May 5, 2010 I think your customer should have known better than to send a cheque if they expect the goods quickly. All smells a bit fishy to me.Play it safe chieftain. Quote Link to comment Share on other sites More sharing options...
Edgar Graham Posted May 5, 2010 Report Share Posted May 5, 2010 https://www.chequecentre.co.uk/But yeah, sounds dodgy. You can't send before the cheque clears. Quote Link to comment Share on other sites More sharing options...
Me and Parvati Posted May 5, 2010 Report Share Posted May 5, 2010 Yep, let the cheque clear. Sounds a bit iffy to me - urgent need, sends cheque, hopes to get gear before cheque goes kaboiiing! across the room. Quote Link to comment Share on other sites More sharing options...
framheim Posted May 5, 2010 Report Share Posted May 5, 2010 Bit of a random request really. I've a cheque arrived today for my business and the customer needs the goods sent asap. Unwilling to send the stuff out without the cheque clearing (obviously, as its a new customer) so I call my bank (RBoS) to see how long it will take to clear. Six working days they tell me (wtf), which, will cause an `issue` if I wait that long before sending the goods out.So, is there a quicker way to get this payment cashed or banked? I know there is a money shop in Castlegate I think, but no doubt the charges would be hefty as the cheque's for just less than three and a half grand.yo, let the cheque clear. six working days is how long it takes to physically send the cheques to rbs cheque centre, then to the issuing banks cheque centre and back again to say it's all ok. cheques are an old process which is why they're being done away with as customers expect faster methods of moving money around. most banks are set up to send and receive faster payments now so you should ask your customers to send you direct payments into your account if they demand quick goods(so long as you don't mind giving them your account details).the funds should be in your account and available to draw on from the 4th working day after you deposit the cheque but the cheque can still bounce up until the 6th working day after you deposit the cheque. to be on the safe side always wait 6 working days after you deposit a cheque before counting the funds as yours, if you spend it before then and the cheque bounces you can end up in a mess.the only time a cheque at rbs will clear faster is if it is issued from an rbs account and is paid into an rbs account held at the same branch. Quote Link to comment Share on other sites More sharing options...
Free Korps Posted May 6, 2010 Report Share Posted May 6, 2010 the only time a cheque at rbs will clear faster is if it is issued from an rbs account and is paid into an rbs account held at the same branch.you'd think that would clear straight away but then again banks are wanks.should put the system on trial. Quote Link to comment Share on other sites More sharing options...
Teabags Posted May 6, 2010 Report Share Posted May 6, 2010 yo, let the cheque clear. six working days is how long it takes to physically send the cheques to rbs cheque centre, then to the issuing banks cheque centre and back again to say it's all ok. cheques are an old process which is why they're being done away with as customers expect faster methods of moving money around. most banks are set up to send and receive faster payments now so you should ask your customers to send you direct payments into your account if they demand quick goods(so long as you don't mind giving them your account details).the funds should be in your account and available to draw on from the 4th working day after you deposit the cheque but the cheque can still bounce up until the 6th working day after you deposit the cheque. to be on the safe side always wait 6 working days after you deposit a cheque before counting the funds as yours, if you spend it before then and the cheque bounces you can end up in a mess.the only time a cheque at rbs will clear faster is if it is issued from an rbs account and is paid into an rbs account held at the same branch.I didn't read all that. All I saw was this bit...yoand then made this face...o_O Quote Link to comment Share on other sites More sharing options...
framheim Posted May 6, 2010 Report Share Posted May 6, 2010 you'd think that would clear straight away but then again banks are wanks.should put the system on trial.why would it clear straight away? Quote Link to comment Share on other sites More sharing options...
geo1903 Posted May 6, 2010 Author Report Share Posted May 6, 2010 Cheers for the replies lads. I decided just to bank it as normal in the end and worry about the delayed despatch to the customer when the time comes.Fingers crossed there's no problems with the payment. Quote Link to comment Share on other sites More sharing options...
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