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It depends. If the RBS cheque is from a RBS bank account in India and deposited inside India in a HSBC Account, the clearance time is usually 3-5 working days. If the RBS cheque is from a RBS bank account from abroad and deposited inside India in a HSBC account, the clearance time is usually 3-4 weeks.
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What does it mean when you ask the bank for a special clearance on the cheque you have deposited into your bank account?
When you request a special clearance on a cheque you’ve deposited, you are asking the bank to expedite the processing of that cheque, allowing you to access the funds more quickly than the standard clearing time. This is typically done for larger amounts or when the cheque is from a bank that is not local. The bank may charge a fee for this service and will assess the risk of the cheque before granting clearance. It essentially speeds up the verification and availability of the funds in your account.
How many days a cheque convert into the cash?
You have six months from the date of cheque to convert a cheque into cash. The date of the cheque is the date shown on the face of the cheque. After six months of time, the cheque becomes a "Stale cheque".If you present the cheque to a paying bank within six month period you can collect the cash in following ways.1. If the cheque's account is a account of paying bank: You can en cash the cheque on same day.2. If the cheque's account is not a account of paying bank: Depending on the clearing speed of the banking system you may get money on same day/ tomorrow/ or day after tomorrow.Please refer related questions to understand the cheque handling process in Banks.
How many days a cheque will take to credit to account?
The time it takes for a cheque to be credited to an account typically ranges from 2 to 5 business days, depending on the bank's processing policies and whether the cheque is local or out-of-state. Factors such as the type of cheque (personal, business, or government) and the account holder's banking history may also influence the timeline. It's advisable to check with your bank for specific details regarding their cheque clearing process.
How much time it will take for an SBI savings account for the cheque which is in the name of the account holder but different bank and also outstation?
20-25 days!
What is the balance in the account after the cheque is written out?
The balance of an account is the cash that is in it at any given time. It may be a positive or, if you have been given permission, negative amount.
What does it mean when you ask the bank for a special clearance on the cheque you have deposited into your bank account?
When you request a special clearance on a cheque you’ve deposited, you are asking the bank to expedite the processing of that cheque, allowing you to access the funds more quickly than the standard clearing time. This is typically done for larger amounts or when the cheque is from a bank that is not local. The bank may charge a fee for this service and will assess the risk of the cheque before granting clearance. It essentially speeds up the verification and availability of the funds in your account.
What are the charges for clearing an sbi outstation cheque in icici account of rs 14000?
My outstation cheque worth of Rs 40748-/- How many clearance charges there of and How much time to clear a outsation cheque of SBI i.e from Bardoli to Navsari
What does it mean when you ask the bank for a special clearance on a cheque that you have to deposit into your bank account?
When you request a special clearance on a cheque, you're asking the bank to expedite the processing of that cheque, allowing the funds to be made available in your account more quickly than the standard clearing time. This is often necessary for large amounts or when you need the funds urgently. The bank may charge a fee for this service, and it's important to note that the cheque will still need to be verified for authenticity.
What does it mean when you ask the bank for a special clearance on a cheque?
Requesting a special clearance on a cheque means that you are asking the bank to expedite the processing of that cheque, allowing you to access the funds more quickly than the standard clearance time. This is often done when the cheque is for a significant amount or when you urgently need the funds. The bank may charge a fee for this service and will typically verify the availability of funds before granting the clearance.
How many days a cheque convert into the cash?
You have six months from the date of cheque to convert a cheque into cash. The date of the cheque is the date shown on the face of the cheque. After six months of time, the cheque becomes a "Stale cheque".If you present the cheque to a paying bank within six month period you can collect the cash in following ways.1. If the cheque's account is a account of paying bank: You can en cash the cheque on same day.2. If the cheque's account is not a account of paying bank: Depending on the clearing speed of the banking system you may get money on same day/ tomorrow/ or day after tomorrow.Please refer related questions to understand the cheque handling process in Banks.
How long does a cheque from loyds or barclays take to clear in an hsbc account?
Here's a copy of hsbc personal cheque policy. The last part will answer your question.Personal Account - Cheque Hold Policy and First $100 Availability1Our policy is to release funds deposited by cheque as soon as reasonably possible. We can hold your cheque deposit as outlined in the table below:Cheque Deposit Method:Cheque AmountHold PeriodFirst $100 Availability1* Business Days do not include a Saturday, Sunday or Statutory HolidaysIn person with an HSBC Employee (In Branch)$1,500 or less5 business days*ImmediatelyMore than $1,5007 business days*ImmediatelyUsing any other methodAll amounts6 business days*On the next business day* The above cheque hold periods apply only to cheques that satisfy the following criteria:paper-based; magnetically encoded Canadian dollar cheque or instruments that can be read by our operational systems (i.e. not damaged or mutilated); and are drawn on a financial institution's branch located in Canada;deposited to an account where there is no evidence for us to believe that there may be illegal or fraudulent activity in relation to the account, or other indicators of a suspicious transaction, including those that we are required by law to report;deposited to an account open for more than 90 days;the cheque has not been endorsed more than once; andthe cheque must be deposited within six months of the issue date.In the event that the above criteria are not met and HSBC chooses to hold a cheque for a different length of time or not make the first $100 deposited available1 the depositor will be provided with a written notice. The notice will be provided immediately if the deposit was made in person, or on request if deposited in any other manner.A cheque hold period of 30 business days2 applies to all other cheques drawn on a financial institution's branch located in Canada.A cheque hold period of 30business days3 applies to all cheques drawn on a financial institution's branch located outside of Canada.footnote:3 This hold period is an estimate and applies where we have credited the funds to your Account. We may extend this hold period if payment for the cheque has not been received by us within the initial maximum hold period.
How many days a cheque will take to credit to account?
The time it takes for a cheque to be credited to an account typically ranges from 2 to 5 business days, depending on the bank's processing policies and whether the cheque is local or out-of-state. Factors such as the type of cheque (personal, business, or government) and the account holder's banking history may also influence the timeline. It's advisable to check with your bank for specific details regarding their cheque clearing process.
What is the meaning of cash and check deposit?
Cash Deposits means when the money deposit to your Account(yourself/others)same time your account will be shows the credit, but in case fo cheque deposit bankers send to the cheque for clearence when its cleare then only your account will be shos credit.
Can you put a cheque into a joint account if the cheque you in your old name?
most of the time, yes. You will need to sign as both names though. You may be required to get a new check though.
How much time it will take for an SBI savings account for the cheque which is in the name of the account holder but different bank and also outstation?
20-25 days!
What is the balance in the account after the cheque is written out?
The balance of an account is the cash that is in it at any given time. It may be a positive or, if you have been given permission, negative amount.
What are some basic features to signing up to an HSBC personal internet banking account?
The major features included in HSBC personal internet banking include the ability to view your personal account balance and history of transactions online at any time from any location; transferring money easily between bank accounts, even non-HSBC accounts; and paying bills online directly from the personal bank account.
