Below are the Volume and Value information for each paper clearing for the most recent year:

 

PCS Cheque Clearing Volumes & Values 2018

Inter-bank items 2017 2018 % change

Volume (000's) 

292,961

234,935 -20%

Value (£ millions)

356,438 299,733 -16%

 

Average daily volume (000's) 

1,163  929 -20%

Peak daily volume (000's)

1,873 1,634 -13%

Average daily value (£mns) 

1,414 1,185 -16%

 

Average value per item (£)

1,217 1,276 5%
Click here to open a printer-friendly version of the 2018 cheque clearing volumes and values with graphs.

* Due to rounding, the sum of separate items may differ from the totals shown.

These figures represent items exchanged between C&CCC member banks and building societies within Great Britain through the Paper Clearing System (PCS) only. These are known as inter-bank items. Items processed through the UK-wide Image Clearing System have not been shown. Information on the ICS can be found on the Annual Summary of Payment Statistics which can be found here.

 

PCS Credit Clearing Volumes & Values 2018

Inter-bank items 2017 2018 % change

Volume (000's) 

17,261 13,276 -23%

Value (£ millions)

11,733 7,530 -36%

Average daily volume (000's) 

68 52 -23%

Peak daily volume (000's)

135 115 -15%

Average daily value (£mns) 47

47 30 -36%

Average value per item (£)

680 567 -17%
Click here to open a printer-friendly version of the 2018 credit clearing volumes and values with graphs.

These figures represent items exchanged between C&CCC member banks and building societies within Great Britain through the Paper Clearing System (PCS) only. These are known as inter-bank items. Items processed through the UK-wide Image Clearing System have not been shown. Information on the ICS can be found on the Annual Summary of Payment Statistics which can be found here.

 

Euro Debit Clearing Volumes & Values 2018

Inter-bank items 2017 2018* % change

Volume

54,822 30,552 -44%

Value (€ millions)

1,297 1,069 -18%

Average daily volume

218 121 -44%

Peak daily volume

695 742 7%

Average daily value (€mns) 

5.1 4.2 -18%

Average value per item (€)

23,666 34,993 48%
Click here to open a printer-friendly version of the 2018* euro debit clearing volumes and values with graphs.

These figures represent items exchanged between C&CCC member banks and building societies within Great Britain only.

*The euro debit clearing, which processed cheques drawn in euros drawn on UK banks, ceased operation on 10th September 2018. These cheques are now processed by means of direct exchange and settlement between the relevant banks.