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'check cleared' what is that?

   
1:53 am on Feb 27, 2007 (gmt 0)

10+ Year Member



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?
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.
10:05 am on Feb 27, 2007 (gmt 0)

10+ Year Member



"check" in American English means the same as "cheque" in British English, in case anyone was wondering.
10:34 am on Feb 27, 2007 (gmt 0)

5+ Year Member



ah ha. Just like 'color' actually means 'colour'. :)
8:46 am on Feb 28, 2007 (gmt 0)

5+ Year Member



Its means that check has been cleared by citibank and will reach at account in some days.
So have a party
10:15 am on Feb 28, 2007 (gmt 0)

5+ Year Member



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

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



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?

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

WebmasterWorld Senior Member 10+ Year Member



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.

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. :-)