FlyerTalk Forums - View Single Post - IB - why are they in Oneworld?
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Old Nov 2, 2008 | 5:35 pm
  #25  
NickB
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Originally Posted by Dave Noble
Was it actually completely cleared or was the amount added to available funds?

Foreign cheques do, ime, take longer to clear than domestic cheques but some banks do permit access to the funds before the full clearance process completes. There is , in this situation, a risk of the funds being reversed should the overseas bank reject the cheque

The local bank cannot clear it any quicker than the foreign bank will accept it in

Dave
In many countries, processing a cheque issued in another jurisdiction not only takes long but also often involves substantially higher costs. Probably one of the worst possible method of payment for a small sum like $200.
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