Anyone know?
A UK money order that's made out in $CDN
We deposited it on Sat am. The teller told us it would 30 business days to clear. Looked at her with a
expression. Some other person came out from the back, told us they could do it in 25 days. After a lot of toing and froing it went from 20 -> 15 -> 10 days.
Why all the arbitrary numbers? It either is 30 days or it isn't. Also it's my understanding that a money order in $CDN regardless of where it's from has already been drawn against a Canadian bank and should be treated much the same as an ordinary cheque re. clearance time (~4days). Is this correct?
Is the bank just making interest out of our money when we should be?
It's a decent sized cheque but not significant enough to warrant any money laundering sort of investigation prior to clearance.