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Banker' Cheques - A complete waste of money!!!
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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eann wrote:To be safe always insist you are there when the bankers cheque is being written at the counter. Any thing short of that run away How long should bankers check take to clear really. My banker friend adviced me that with the current rules, it should take T+1 only to go to an NBK branch and the cashier advices that its still T+3
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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Bankers cheques are the choice tools of conmen these days. And woe unto you if you call the bank and trust the confirmation obtained verbally over the phone.
The conmen will even escort you to the bank to deposit the fake cheque . The 'con' in conman stands for confidence and that is what they prey on. They give you confidence, and then they pounce.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The optimist wrote:eann wrote:To be safe always insist you are there when the bankers cheque is being written at the counter. Any thing short of that run away How long should bankers check take to clear really. My banker friend adviced me that with the current rules, it should take T+1 only to go to an NBK branch and the cashier advices that its still T+3 it takes T+2 to clear. this clearing cycle become effective from 17th June, 2013
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:The optimist wrote:eann wrote:To be safe always insist you are there when the bankers cheque is being written at the counter. Any thing short of that run away How long should bankers check take to clear really. My banker friend adviced me that with the current rules, it should take T+1 only to go to an NBK branch and the cashier advices that its still T+3 it takes T+2 to clear. this clearing cycle become effective from 17th June, 2013 ... NBK with their "rebranded image" should know better ... #Shame cc/Munir
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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NBK should read this and get very challenged >>> StanChart unveils online cheque system >>> http://www.businessdailyafrica..../-/10eexqnz/-/index.html
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Citibank aka citigroup has been doing this for over a decade! Thieves
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Banker' Cheques - A complete waste of money!!!
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