What are the charges of Cheque clearing ?
Date: 08 Jan 2011 Posted By:
What are the charges of SBI Bank's cheque to be deposited in HDFC bank account situated in other city?
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Jayanta Datta Choudhury
16 Jan 2011 Member Level:
Points : 2 (
The process of check clearance is to transfer money among banks in order to settle the accounts of checks from one bank to another bank. In banking activity check clearance is facilitated by Central Clearing houses. Generally banks do not charge any extra amount in check clearing process.
You can verify the account status in banks where you will find the full amount has been transferred as written in the check.
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