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Cash and chq payin treated as all chqs !


jay07uk
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Hiya ppl,

 

First post and not sure where to put it !

 

Am I being a tad paranoid...

 

Payin, just under £30.000 yesterday, £8600 was cash... tried to setup bank transfers online for employees wages tonight and was told there was insufficient funds. Turns out all of the payin was treated as CHEQUES ! now, ok, I can get it sorted at no extra cost... but think about the knock on... none of us have any control over cheques and how long they take to clear... or when u write a cheque, post it etc.. how long that is gonna take to clear...add to this banking cash which is then treated like a cheque... u end up in the red(cos of their mistake...?) and paying charges, with no way of working out how much and for how long... u following this?

 

Sorry if this has been covered b4 or posted in the wrong place but would be interested in any thoughts on this one

 

jay

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