Time for a Manager's Check to clear
#1
Just Joined
Thread Starter
Joined: Jul 2014
Posts: 18
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?
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?
#3
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.
#5
BE Forum Addict
Joined: Nov 2012
Posts: 1,643
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
treating it as a ''special presentation'' by taking the cheque direct to the drawing bank will get an instant answer