Cheque Clearing Times

I think I will, no doubt it will now be months until I get one!

On further investigation, it appears there will be a shake up of cheque clearing next year anyway, as found on Lloyds website…

Cheques are changing in 2017

In 2017, cheque clearing in the UK will undergo a fundamental change. Cheques will clear much faster and customers will have greater choice over how they pay in cheques. This is because instead of exchanging physical cheques, banks will exchange digital images of cheques.

Development of the new system is underway and in 2017 we plan to introduce new ways to pay in cheques, such as using smartphones. We will also upgrade the way we process cheques at our branches.

More details will be provided as we get closer to making the changes.

Source - Cheque Clearing Process | Legal | Lloyds Bank

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