Andy Hall wrote in message . ..
On Sat, 23 Oct 2004 23:58:33 +0100, Richard Faulkner
wrote:

In message , MM
writes
How is the residual payment left over after completing a house sale
usually paid out? Cheque, or transfer to bank account?

MM

Generally by cheque unless you specify bank transfer, or some other
method. (Cheque means the money stays in the solicitors account for
longer)


...and the interest paid to the client?? No, I thought not. A few
days interest on a few hundred grand across a few hundred customers a
year is a nice earner.

Still the banks pull the same scam on cheque clearance. Three days
on reconciliation between UK accounts?

That's nothing: In Norway (in 1985 anyway) the paying bank removed the
money from your account retrospectively using the date written on the
cheque rather than the date of presentation.

R