M michaelm Registered User Messages 2,121 24 May 2010 #1 If I lodge an EBS bank draft into an NIB account should I have instant access to the funds or is there some clearance delay?
If I lodge an EBS bank draft into an NIB account should I have instant access to the funds or is there some clearance delay?
W Wishes Registered User Messages 402 24 May 2010 #2 Hi Michael, I don't know if there is a delay with those specific banks you mentioned but I had to wait a week for a draft I had from PTSB to clear in AIB.
Hi Michael, I don't know if there is a delay with those specific banks you mentioned but I had to wait a week for a draft I had from PTSB to clear in AIB.
R runner Registered User Messages 1,094 24 May 2010 #3 Bank drafts go through the clearing process as a cheque would and generally takes 5 working days to clear.
Bank drafts go through the clearing process as a cheque would and generally takes 5 working days to clear.
M michaelm Registered User Messages 2,121 24 May 2010 #4 Thanks for the replies. I had thought a draft was equivalent to cash and would go through quickly.
M Moral Ethos Registered User Messages 307 24 May 2010 #5 Nope, they are considered to be no better than a normal personal cheque.