Multiple business days for clearance. This was before BACS and SWIFT, so now I am assuming we don't have the same paper trail. A transaction would show up on t

Multiple business days for clearance. This was before BACS and SWIFT, so now I am assuming we don't have the same paper trail. A transaction would show up on the system as pending pretty promptly, so you could do your accounting etc - but they wouldn't clear until the cheque was received.