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Watch our video to find out how long it takes to clear a cheque you have paid into your bank account and when you will withdraw the money from the cheque.
The Image Clearing System (ICS) will revolutionise how cheques are cleared in the UK.
Find out more in this section.
Bank of England extends direct access to RTGS accounts to non-bank payment service providers – Statement from the Interbank System Operators Coordination Committee
The Cheque and Credit Clearing Company (C&CCC) is pleased to confirm that, with regard to the proposal to merge the Image Clearing System, FPSL and Bacs to form a single, new, retail payment system operator...
Andrew O’Brien, Head of Policy and Engagement at the Charity Finance Group, writes: We have seen some of the largest charities in recent months start to experiment with contactless payments and online giving is one of the fastest growing fundraising methods. All this might seem to indicate that older forms of payment such as cash and cheques are redundant. But this simply isn’t true.
