Civil services chronicle
Civil services chronicle What most people dont know is that most banks clear cheques when the normal clearing period has elapsed. This sometimes happens before the bank has verified that the funds are available. The bank makes the amount of the cheque available for withdrawal but it hasnt really cleared .civil services chronicle magazine Some unscrupulous people can use this to their advantage. For example, they could pay by cheque for goods or services, write the wrong amount on the cheque, ask for a refund and disappear with the money well before the cheque clearing process is complete. When the original cheque bounces, it is the small business that is left facing an angry bank manager and a large bill civil services chronicle subscription online.
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