Cheque's in the black hole
Where has all the interest gone?
Long time clearing
Where has all the interest gone?
Long time to clear
Where has all the interest gone?
Gone to bankers every one
When will it ever clear?
When will it ever clear?
“A donkey could deliver cheques faster than banks can put money into customers’ accounts.”
So says Ed Mayo – a man after my own heart. Finally, finally the banks are going to be forced to come clean and speed up cheque clearance.
Presently it’s estimated that they make £25 million a year from the scam whereby they take up to 5 days to move money between the payer and the payee. I reckon it’s actually more than that figure. Whatever amount it is, it’s a rip off. Remarkable how if you are overdrawn for one second they have the resources to instantaneously remove one of your gonads and sell it to a chicken mcnugget factory yet it takes them days to even realise you’ve paid in a cheque – let alone give you the money.
B******s.