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  • FIRST POST
    • siegertyp
    • By siegertyp 19th Aug 17, 9:00 PM
    • 2Posts
    • 4Thanks
    siegertyp
    Bank no longer issues cheques
    • #1
    • 19th Aug 17, 9:00 PM
    Bank no longer issues cheques 19th Aug 17 at 9:00 PM
    Hi
    My Bank has discontinued cheques from 1st of August this year. I can still pay in cheques, but I no longer have a cheque book to make payments with. I do most of my transactions online, so it is not going to cause frequent issues, but there are some activities/clubs that need to be paid by cheque rather than a bank transfer or card. What would be good 'paper based' alternatives to cheques? Bankers draft?
    Grateful for any advice.
    Thank you.
Page 4
    • EachPenny
    • By EachPenny 26th Aug 17, 3:05 PM
    • 2,869 Posts
    • 5,181 Thanks
    EachPenny
    What excuse are you going to use on Tuesday?
    Originally posted by dunstonh
    Easy... they have timed their holiday to come back the day before the kids go back to school

    It does seem a bit of an odd subject to troll about... the bank troll theory kind of fails given the level of anger etc expressed previously which has led to the current reconfiguring of the cheque processing system. I don't really see a bank wanting to 'test the market' with a handful of MSE forum members.
    "In the future, everyone will be rich for 15 minutes"
    • sitesafe
    • By sitesafe 28th Aug 17, 1:02 AM
    • 402 Posts
    • 828 Thanks
    sitesafe
    I don't use cheques very often but it's the only way I can send money gifts to some estranged family member for their birthday etc when I don't have and can't access bank account details for them. It's very important to me to be able to do this. Also some older people are only used to cheques - a lady i work for in her late 90s still writes cheques but is not at all confident with using cards or computers to do payments and transfers...
    • Heng Leng
    • By Heng Leng 28th Aug 17, 3:35 PM
    • 4,210 Posts
    • 1,287 Thanks
    Heng Leng
    I don't use cheques very often but it's the only way I can send money gifts to some estranged family member for their birthday etc when I don't have and can't access bank account details for them. It's very important to me to be able to do this. Also some older people are only used to cheques - a lady i work for in her late 90s still writes cheques but is not at all confident with using cards or computers to do payments and transfers...
    Originally posted by sitesafe
    You can't be that 'estranged' if you are sending them cheques!

    Cheques have their uses but I wouldn't shed a tear if they were discontinued - there are other options. Older people would adapt, they just dislike change.
    • robatwork
    • By robatwork 6th Sep 17, 10:37 AM
    • 3,996 Posts
    • 4,343 Thanks
    robatwork
    I'm back from a break. So has the OP come back to further his fantasy story as yet?
    • realaledrinker
    • By realaledrinker 7th Sep 17, 12:04 AM
    • 1,518 Posts
    • 502 Thanks
    realaledrinker
    Here is an update from the Cheque and Credit Clearing Company's August "Cheque Matters" newsletter for those still awake:

    In May, industry testing for the new
    image clearing system began.

    The new system will speed up
    cheque processing significantly for
    customers across the UK as cheque
    clearing times will be reduced from
    the current ‘six weekdays’ to the
    ‘end of the next weekday’.

    A number of banks and building
    societies will start to roll out the
    new image clearing system at the
    end of October this year, with all
    financial organisations being part
    of the new process during the
    second half of next year. During
    the roll out period, two clearing
    systems will operate in parallel,
    which means that some cheques
    that customers write or pay-in
    will be cleared more quickly via
    the image system, and some will
    clear to the existing six weekday
    timescale through the current,
    paper-based system. Banks and
    building societies will advise their
    customers in due course regarding
    their own individual roll-out plans.

    For customers, the new system will
    mean that if they pay in a cheque
    on a weekday they will be able
    to withdraw the funds by 23.59
    on the next weekday (excluding
    bank holidays) at the very latest. A
    number of organisations are likely
    to allow their customers to access
    their funds even earlier than this.

    Customers will still write cheques as
    they do today and give them or
    post them to recipients in exactly
    the same way that they always
    have. Cheque recipients will also
    still be able to pay in cheques in
    the normal variety of ways, and
    some banks and building societies
    may offer their customers the
    additional option of paying in an
    image of the cheque by using a
    secure mobile banking app on
    their smartphone or tablet, rather
    than having to go to their bank to
    pay the cheque in. Additionally,
    banks might provide their business
    and charity customers with desktop
    scanners linked to their online bank
    account, allowing them to pay in
    any cheques that they receive as
    digital images.
    Last edited by realaledrinker; 07-09-2017 at 12:09 AM.
    Ethical moneysaver
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