Cheques and Cheque Clearing

1. What are cheques?

2. Why don't cheques clear instantly?

3. Why doesn't the banking industry speed up the cheque clearing process?

4. Why don't all banks allow access to funds on the same day?

5. What advice would you offer to customers who are inconvenienced by the time taken to access cheque funds?

6. What happens if I am not satisfied with the service offered by the bank?

7. How many cheques bounce?

8. What are credit card cheques?

9. Is it true that cheques are only valid for six months?

10. Can I stop a cheque?

11. What is special presentation or special clearance?

12. Can a cheque be paid into the account of someone other than the named payee?

13. I paid by cheque at a retailer and the funds left my account within 2 days. Why?

14. Why are retailers no longer accepting cheques?

15. I have been asked to issue a duplicate cheque.  What should I do?

16. What is the best way for a business to receive or make payments?

17. I paid cash in to my account, but the cheque I wrote still bounced.  Why?

18. What alternatives are there to cheques for consumers?

19. How can I be kept informed of progress on the cheque closure plan?