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Time for a Manager's Check to clear

Time for a Manager's Check to clear

Old Dec 24th 2021, 9:15 am
  #1  
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Default Time for a Manager's Check to clear

We are selling a property next week.
Buyer uses a different Philippines bank to my Philippnies bank and he will pay using a Manager's Check.

Does anyone know if, for the above case, the Manager's Check needs time to clear, and how long or are the funds available instantly?



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Old Dec 24th 2021, 9:38 am
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Default Re: Time for a Manager's Check to clear

It's supposed to be as good as cash, but you know how things work here so your mileage may vary.

Talk to your bank.
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Old Dec 24th 2021, 10:34 am
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Default Re: Time for a Manager's Check to clear

We paid for our car by managers cheque and I think the dealer just ran it down to his bank while we waited just to check it was legit then we drove the car away.
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Old Dec 25th 2021, 12:45 am
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Default Re: Time for a Manager's Check to clear

Managers cheque as good cash.
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Old Dec 25th 2021, 6:40 am
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Default Re: Time for a Manager's Check to clear

presented through the bank clearing system it will take 3 working days to clear.

treating it as a ''special presentation'' by taking the cheque direct to the drawing bank will get an instant answer
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Old Jan 5th 2022, 3:07 am
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Default Re: Time for a Manager's Check to clear

When I sold a property and received managers check it was credited within 3 working days and was from a different bank to mine. Hope your transaction went smoothly.
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