Cheque Clearance Times
- Normally, 3 business days from the date the cheque is banked to Wide
Bay Australia's bankers and enters the Cheque
Clearance Cycle.
- Selected cheques deposited at branches may not be sent to the bank until
the next working day. In this case, allow 4 business days. Wide Bay staff
can confirm the normal clearance period at time of depositing. We may consider
your application to gain immediate access to funds from cheques, eg: wages,
from a single source regularly deposited to your account when you complete
a Cheque
Immediate Access Application.
- Suspicious, damaged or mutilated cheques may require longer clearance
periods
Cheques deposited via Bank@Post
- Normally, 5 business days from the date the cheque is banked at Australia Post.
Overseas cheques
*Due to increasing levels of fraud - Counter Cheques, customer’s own personal cheques, “bank” and government cheques all require normal clearance periods and will not automatically be given immediate clearance.
