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Cheques to be cleared in a day - but not all banks will be ready until 2018


citizenB
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Bank customers who pay cheques into their accounts will soon be able to get the money cleared within one working day.

 

At the moment, the process can take up to six days.

 

The organisation that manages the cheque clearing system said the changes would be phased in from October 2017.

 

However, it will be the second half of 2018 before all UK banks and building societies are able to offer the faster service

 

 

http://www.bbc.co.uk/news/business-39351793

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Hope that doesn't mean I'll be out of a job soon :)

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

If you no longer require help, please do what you can to help others

RIP: Rooster-UK - MARTIN3030 - cerberusalert

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I'm always very surprised how many people still use cheques, see it every day at work, don't think I've used one in the past 10 years.

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

If you no longer require help, please do what you can to help others

RIP: Rooster-UK - MARTIN3030 - cerberusalert

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