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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.
Read the new edition of Cheque Matters, the publication designed to keep all our stakeholders up to date.
Bob Meara, Senior Analyst, Celent, a research and advisory firm based in Boston writes: Changes in payment systems always carry risk. As a payments analyst in the US, the UK’s planned Image Clearing System looks pretty low-risk to me.
The event, attended by over 30 representatives from businesses, charities and regulators, was an opportunity for those present to comment on a range of issues ahead of the introduction of cheque imaging on 30th October.
