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UK Bank Cheque Processing Question

daveeboi Avatar
8y, 8m agoPosted 8 years, 8 months ago
I was wondering if anyone could help me. I have a cheque for around £3000 to put into my Lloyds TSB account. The last time I put a cheque in it took 5 days to clear so I was wondering if there was any service available at banks to allow faster access to money from cheques?

I don't mind payong a relevant sum to achieve it.
daveeboi Avatar
8y, 8m agoPosted 8 years, 8 months ago
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#1
if your a memb of a credit union they cash right away,and its free.
#2
I'm with barclays and i know if you put in a cheque with them they let you draw money out against it on the same day they may do with some of the other banks
#3
cardiff 2007
I'm with barclays and i know if you put in a cheque with them they let you draw money out against it on the same day they may do with some of the other banks


Yeah Natwest do this but on the basis that your cheque will clear if it doesn't then they take the money back.
#4
I've never been asked if I wish to take money against a cheque whilst cashing it in so I doubt Lloyds offer such a facility. Wouldn't want to cash in whole cheque at a credit union or such, was just querying about bank process incase there was a service out there I wasn't aware of. Thanks anyway!
#5
daveeboi
I've never been asked if I wish to take money against a cheque whilst cashing it in so I doubt Lloyds offer such a facility. Wouldn't want to cash in whole cheque at a credit union or such, was just querying about bank process incase there was a service out there I wasn't aware of. Thanks anyway!


They don't ask you they just do it, its a good way to get more money from unfortunate people whose cheques don't cash sometimes.
#6
Depending on where the cheque is from, ask for a temporary interest free overdraft. Better to explain you don't know which of your banks to pay it in to :thumbsup:
#7
There is a special processing service available from some banks depending on what bank the cheque is issued by. The charges vary from bank to bank but used to be about £25.
#8
[QUOTE=kidcat]There is a special processing service available from some banks depending on what bank the cheque is issued by. The charges vary from bank to bank but used to be about £25.[/QUOTE

I'll ask when I go in later, thanks.
#9
kidcat
There is a special processing service available from some banks depending on what bank the cheque is issued by. The charges vary from bank to bank but used to be about £25.


halifax charged £25 last time i tried although it was a few years ago
#10
donnydude
halifax charged £25 last time i tried although it was a few years ago



Do you know what the service type this was called?
#11
i really cant remeber but i think it was instant processing or something like that
#12
OK, Thanks!
#13
The natwest charge £15 but this only speeds the clearance up does not make it immediate.
#14
I know we got accounts thats a current a/c and it takes 3 working days,where if I use a regular account it takes 7 working days.
#15
kidcat
The natwest charge £15 but this only speeds the clearance up does not make it immediate.


Oh right, I've never had to pay for it.
#16
I haven't seen this answer.... yet. I worked for LloydsTSB for several years, until I got a life and left!!

There is a service, called special clearance for which they charge a big fat fee. However they will not release the funds, it is only a guarantee of payment. Sometimes used when selling a car for example.

The ONLY way this money could be withdrawn is if the cheque is drawn on a LloydsTSB Account, when the funds are available the next working day. Or once the cheque has cleared the usual banking cycle, after 4 complete working days.

Am off for a rest now!!

Good luck :-)
#17
there is somthing called a special presentation, which only speads it up by a day or 2, hardly worth it for the fee.

you can ask to withdraw against some of the funds.
#18
i have been in the bank before i and they have asked me if i wanted them to check if they could do it now. I know this is only when i had a halifax check for a halifax bank.
my friend also gets paid by cheque (yorkshire bank cheque) and he takes it to the yorkshire bank every wednesday and he gets the money for it even though he doesnt have a bank account with them (but i dont know if the company has a deal with them.

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