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Latest legal news from Kent Solicitors, Kaslers Solicitors LLP.

Thursday, 13 March 2008

 

Banks: clearing system

The rules on clearing cheques have been changed. The payee will earn interest on the proceeds after a maximum of 2 days from deposit of the cheque, and will be able to withdraw the proceeds after a maximum of 4 days and will know the fate of the cheque after a maximum of 6 days

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Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to if you need legal advise about any of these issues