In 2015:

  • 558 million cheques were used for payments and to acquire cash across the UK.
  • The Cheque and Credit Clearing Company cleared 404 million cheque payments in Great Britain with a total value of £455 billion.
  • 136 million cheques stayed for processing within the banks in Britain and 17 million were written and processed in Northern Ireland by the Belfast Bankers’ Clearing Company. 
  • The average value of a cheque in 2015 was £1,125, an increase from £1,074 in 2014.
  • On average, 1.5 million cheques were cleared each day with an average daily value of around £1.7bn.
  • The peak day for cheques in 2015 was Wednesday 8th April when 2.5 million of them were cleared. 
  • 87% of UK charities regularly wrote and received cheques in 2015. 
  • Two-thirds of businesses believe that they would encounter problems if they were not provided with the facility to write cheques. 
  • 57% of UK businesses said that they had received payments by cheque in the past month.
  • 42% of UK account holders made a payment by cheque.
  • 39% of UK account holders received payments by cheque.
  • It is very rare for a cheque to bounce/be returned unpaid. Only around 0.5% of all cheques are returned unpaid each day. 
  • Over 90% of the 28 million items going through the credit clearing were for bill payments. 
  • £17.2 billion credit items were cleared with an average daily value of £614 per item. 
  • 89,000 euro cheques were cleared with a total value of €1.6bn. The average daily value was €6.6 million with an average value of €18,622 per item.  
  • 17,000 US Dollar cheques were cleared with a total value of $418.6 million. 

*All figures are rounded.  For full details, please contact info@chequeandcredit.co.uk