On 24 Apr, 00:07, "divoch"  wrote:
> "James Harris"  wrote in message
>
> news:71c1bbdd-27a0-4c13-9d6a-65dd5dd7eed6@26g2000hsk.googlegroups.com...> On 23 Apr, 08:18, "Andy R"  wrote:
> >> "Occam"  wrote in message
>
> > ...
>
> >> IMHO the only time to part with the vehicle is when you've got all the
> >> cash
> >> or cleared funds.
> ...
> > I don't know if the situation has improved but the UK clearing system
> > used to show cheques paid in as funds in the account /before/ they had
> > cleared. The account holder would have no indication of whether the
> > cheque had cleared or not.
>
> It is still the same. I was caught recently when my account never showed
> that it was
> in red but, according to the bank, it was for one day due to a cheque paid
> in having
> cleared later than it was shown as in.
> divoch

It's a bad situation and has been the basis for a number of scams.