You might also like. Articles 27 Jan Guides 05 Jun Articles 16 Mar Guides 27 Sep Articles 09 Jul Articles 12 Mar Articles 22 Feb Articles 16 Jan View all. Ask a question. Image Clearing All sterling cheques are processed via the Image Clearing Scheme — this scheme is much faster than the previous Paper Clearing Scheme and operates a two-business-day clearing cycle.
Cheque clearing cycle example If you pay a cheque into your account on a Monday before 3. Funds can be withdrawn from Tuesday or earlier if you have a credit arrangement. How the Cheque Imaging process works Cheque clearing process. When will the payment affect any interest you get or daily arranged overdraft interest you pay? When will the payment be available for you to use? When can the cheque be returned unpaid? Cheques paid in using the Cheque Imaging process.
Cheques paid into a Britannia account If you're paying a cheque into your Britannia account, your passbook will be updated once the cheque has cleared and credited your account. Once your cheque has credited your account You'll start to earn interest or interest charges will start to reduce on your overdraft if applicable. If a cheque you deposit isn't paid A credit won't appear on your account and a letter will be sent to notify you of this.
Useful tips for cheque clearing If you need to cancel a cheque tell us as soon as possible. Related pages Paying in a cheque Cheque imaging. Not found what you're looking for?
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