16 Mar 2011 12:00 AM:

Today has been a crazy day.. Here's some background: I run a 100K+ a month business here in Spain. Around 20% of my clients pay with international bank cheques... Everything has been running smooth for 4 years... Last month I was told that cheques would take a while to clear. Upon first instance I didn't take much notice until this morning. I had 87,000 euros on my account which was blocked!!! I go to my bank and enquire... The answer: Oh bank cheques can take up to 6 months to clear. I'm incredulous and ask what changed. The answer: This is regulation. To cut a long story short it turns out they changed directors last month and now I don't have any direct access that can answer my questions. All the other employees appear to know nothing of importance. All I know is I have 87,000 euros blocked on my account and that nobody knows why... is this normal? what's changed? what is the law about this? i've never heard about a cheque taking longer than a few days to clear????????

Thread: Help Spanish banks have gone crazy!!!!!!!

--------------------------------------