HSBC can't present the cheque for clearing till Monday. This means that the bank with the checking account have no idea that u had issued the check till Monday.
General question related to banking.
If check dated on Sat 7/7 given to HSBC on Sat at the road show, does the account which the chk is drawn from need to be funded since it will only be debited on Mon, ie. Fund the checking account on Mon 0001hrs.
Reason for asking is not to lose interest to the lower paying checking account over the weekend.
Thanks!