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Forum Moderators: martinibuster
Please let us know what country you are in, and maybe someone local can provide more info.
(Technically I know the check hasn't cleared yet, but Google's name is so trustworthy in my bank that as long as YOU hold the trust of your bank you shouldn't have to wait.)
For me, the largest US check to-date is for a little over $65K, and it has now been with the Bank of Scotland for 7 weeks! I expect to see the money, in the account, in the next 14 days....but, this is a dandy way to run a business!
Most of my cheques are for $10K to $50K, and they all take 7 to 9 weeks to "clear"! It has nothing to do with Google, it is the pre-historic system used by UK banks to credit US cheques.
The money can be as good as gold bullion, verified overnight by the UK banks, but still they like to go through all of the red-tape!
I have about $225K waiting to be cleared by UK banks on US drawn cheques at this point in time. All I can say is account for the funds when they are credited to your bank account, and not a second sooner!
the largest US check to-date is for a little over $65K, and it has now been with the Bank of Scotland for 7 weeks! I expect to see the money, in the account, in the next 14 days....but, this is a dandy way to run a business!
I strongly suggest you send your cheques for negotiation (eg clears same day) rather than collection. Either that or change your bank. ;)
You're right. I'm with the same bank and it takes 3 working days, which is the same time it'd take for a sterling check.
If you want faster, tell GOOG to join the bank of scotland and they'll process the BOS check in 24 hours.
I'd enquire about their being different circumstances for larger checks, I never had the pleasure of cashing a $65K one. It does seem that yours is taking too long, though.