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'check cleared' what is that?
sallam




msg:3264917
 1:53 am on Feb 27, 2007 (gmt 0)

I noticed that all my payment details, old and new, now have a new line saying:
'Check Cleared: ...'
and they all have the same date of today.
What is that used for? what does it mean?

 

europeforvisitors




msg:3264921
 1:56 am on Feb 27, 2007 (gmt 0)

It means the check was cashed or deposited, and the amount of the check was taken from Google's bank account.

gibbergibber




msg:3265162
 10:05 am on Feb 27, 2007 (gmt 0)

"check" in American English means the same as "cheque" in British English, in case anyone was wondering.

Fuzzyfish1000




msg:3265171
 10:34 am on Feb 27, 2007 (gmt 0)

ah ha. Just like 'color' actually means 'colour'. :)

netlovers




msg:3266445
 8:46 am on Feb 28, 2007 (gmt 0)

Its means that check has been cleared by citibank and will reach at account in some days.
So have a party

ashii




msg:3266494
 10:15 am on Feb 28, 2007 (gmt 0)

I noticed that all my payment details, old and new, now have a new line saying:
'Check Cleared: ...'
and they all have the same date of today.
What is that used for? what does it mean?

Yes its a problem in payment reports.However I only see wrong date only in old payments not in recent ones.

Mentat




msg:3266507
 10:46 am on Feb 28, 2007 (gmt 0)

This rises another question..

I receive my money in min 30 days after I deposit the check.. so where are my money in min 2 weeks after the check has been cleared by Google?

abbeyvet




msg:3266510
 10:56 am on Feb 28, 2007 (gmt 0)

where are my money in min 2 weeks after the check has been cleared by Google

It's making money for your bank.

I often get US payment by cheque and although funds are cleared from the US account about 3-5 days after I deposit them, it is a fixed 20 working days before they are cleared into my account. My bank have the money for 3 weeks or more, interest free. So depending on where you are, the fact that Google says the check has cleared may not mean you will have funds in the very near future.

It's a rip-off and it drives me mad but all the banks have the same policy on clearance time.

Which is why I love EFT.

europeforvisitors




msg:3266615
 1:34 pm on Feb 28, 2007 (gmt 0)

"check" in American English means the same as "cheque" in British English, in case anyone was wondering.

And "bank" in American English means the same as "banque" in French. :-)

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