I have sold a car on the weekend to buy another one.
I did not realize Bank cheques actually take 5 days to clear even if it is from the same bank? I asked the buyers to issue me a bank cheque assuming it's safe and fast as the amount was large.
ASB cheque to an ASB account and it apparently takes a week for them to verify they have the funds in their own account and to clear it for me.
I tried calling, asking around to fast track somehow and they removed the special answer service for $25 last year now, so I just have to wait or loose out on the car I am buying now.
I find this very backwards from a bank perspective, specially considering their own issued cheque has cleared funds, and it's just a matter of verify and transferring.
In future - please stay away from Bank Cheque as a means of doing any business.