How long for the cheque can be cash out?

Discussion in 'Payments' started by bloon, Oct 17, 2008.

0
  1. #1
    Hi guys,

    I received my cheque last week for US $545 and then I put that money on my own account bank, but until today I still have to wait til that cheque clear up by citibank.

    The money is already in my account but however I cannot take the money till confirmed its been made by citibank.

    So the question is how long the cheque can be cash out in your account bank? (its been 1 week now)

    Btw I live in New Zealand.
     
    bloon, Oct 17, 2008 IP
  2. jimdeso

    jimdeso Peon

    Messages:
    7
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #2
    in my country, it's take time
    check cash to my account take 1 month :(
     
    jimdeso, Oct 17, 2008 IP
  3. prasannas

    prasannas Well-Known Member

    Messages:
    261
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    101
    #3
    If you have citi bank branch in your area then it will take 2 to 3 days to clear the cheque.My chaeque was cleared in three days in india.
     
    prasannas, Oct 23, 2008 IP
  4. vvtv

    vvtv Well-Known Member

    Messages:
    818
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    110
    #4
    From my experience, State Bank of Travancore takes some 15-20 days to clear the cheque... HDFC Bank 1 week... My city doesn't have Citi Bank branches...
     
    vvtv, Oct 23, 2008 IP
  5. SMSHeat01

    SMSHeat01 Peon

    Messages:
    163
    Likes Received:
    10
    Best Answers:
    0
    Trophy Points:
    0
    #5
    If your check is in Local Currency, then it will take 5-10 days. If it is in USD, it will take 20-30 days. (In some countries 45 Days)
     
    SMSHeat01, Oct 24, 2008 IP
  6. bloon

    bloon Peon

    Messages:
    481
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    0
    #6
    Wow this is take long time, the money is in US dollars, I put in 14 oct, but the bank still not clear up, it's already in my bank account, but cannot take it out yet.
    I guess you right, I have to wait another 2 weeks ( maximum I guess cause already around 40 days), otherwise I'll call my bank to confirm this
     
    bloon, Nov 2, 2008 IP
  7. kumarg

    kumarg Active Member

    Messages:
    1,108
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    78
    #7
    Normally it will take 15 to 20 days. I experienced the same on many occasions.
     
    kumarg, Nov 2, 2008 IP
  8. gsv13

    gsv13 Well-Known Member

    Messages:
    2,773
    Likes Received:
    114
    Best Answers:
    0
    Trophy Points:
    130
    #8
    Depends on the banking laws of country. Contact ur bank Support!
     
    gsv13, Nov 2, 2008 IP
  9. firedragon

    firedragon Peon

    Messages:
    107
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    0
    #9
    In my country, it take about 30( balance>$100) to 45 days(balance<=$100):(
     
    firedragon, Nov 3, 2008 IP