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?

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.

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.

Managers cheque as good cash.

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

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.