Paid cash into small Natwest branch - still not showing up today?

Extant

7sefton wrote: »

Out of interest - when did all this change? And do banks not process cheques etc in the back of the branch anymore? If not, what IS is the back of the branch apart from a staff room and sales board?!

And to the OP - was the sub branch one based on a university campus by any chance? They are really old fashioned and use laptops to see your account details.

Psst... there's nothing out the back. It's like The Truman Show. It's all just a stage set.

Processing cheques in branches actually hung around for quite a long time - in to the 00s, depending on the bank and branch. It's not until iPSL was formed and the standardization of the clearance cycles came in to play that anything else was really possible.

iPSL is a company owned by (primarily) Barclays and HSBC, and is responsible for something around 90% of all cheques cleared in the country - to my knowledge, all of the major high street banks remit their work to iPSL. Instead of the cheques being couriered around from one bank to another bank, all of the banks share a few major sites across the country - and your cheque goes from part of the warehouse to the other.

Barclays still does primary processing in branches, using a tiny little desktop machine called a PoD (Proof of Deposit). This machine reads all of the numbers of the bottom of your cheques etc, and then credits your account before the cheque is sent off to clearing.

Extant

chambta wrote: »

Open credit facilities still exist.

They're usually used for different things now though - where as they were previously used for "away" customers (customer's not on your branch's sort code) to cash against cheques, they're now mostly used for 3rd parties to cash cheques on a business account, for example. Or under Inter Bank Agency Agreements.

That's for Barclays and in my experience, anyway.

virgin_moneysaver

OMG! - its all coming back to me - filming all the work that came over the counter - hand sorting by bank at end of night, printing chq books from a Bradma plate ( try to miss your fingers!) & worst job of a lowly grade 1, statement clerk - having to dig out the missing chqs for the customers who had all their vouchers back - a certain Health Authority springs to mind, who used to pay their support staff, porters et all by WEEKLY cq that they could cash at the hospital sub-branch on a Thursday & all the cqs had to be ticked off & sent back with the statements every Friday, & their were hundreds of the damn things - Happy Days

oldwiring

BarclaysManager wrote: »

7pm? That it? Slacker! What about balancing the branch on New Year's Eve?

By the way... your till book. Your hand writing isn't neat enough. Go and see the office manager, now!

I didn't want to frighten anyone too much. Ah also short casting ledger sheets:eek:

oldwiring

BarclaysManager wrote: »

....Processing cheques in branches actually hung around for quite a long time - in to the 00s, depending on the bank and branch. It's not until iPSL was formed and the standardization of the clearance cycles came in to play that anything else was really possible.,,,,.

I recall the first single entry machines, which used zero proofing to check cheques/cash against the credit slips, and the then Midland's first Operations Centre.

Scousebird_2

jonesMUFCforever wrote: »

Takes me back to when we used to bundle all the work of the day and go back to main branch whereby it would be processed that day or the following day.

Encashments to trusted customers would be done on the nod anyone else would be phoned through to branch for earmarking - of course some had an old fashioned agreement to cash called an open credit - remember them?

Those were the days of real banking where leads were bits of wire you plugged into the kettle and sales targets had not been invented.

Oh and you could always tell those customers wanting to borrow money they used to come in in a shirt and tie!! Happy days.

I love this reply Jonesy...by far one of your best-made me smile in my absence (has loaaaaaaaads on my plate lately but now I am BACK)

LMAO-fantastic-especially the ''leads'' bit!

Scousebird_2

Out of interest - when did all this change?

When the banks realised they were up !!!! creek

And do banks not process cheques etc in the back of the branch anymore?

Nope-haven't done for years I'm afraid-not since Clearings House and DHL got their mucky little paws onto a money making idea!

If not, what IS is the back of the branch apart from a staff room and sales board?!

Erm *Scousebird scratches head*-I've worked for 3 banks and you're lucky if you get a back office, never mind a staff room. My mate at Barclays used to eat her lunch on the counter because there were only ever two staff on and when she was on dinner, the manager was on the counter and hence couldn't be left alone (sub-branch) so she used to eat in view of the customers-poor girl...she incidentally resigned!

You have pretty much in humour, summarised what a branch back office is-a room with a sales board. It's a big like comic relief and a big fuking thermometer-when you hit the top, your job is safe (for another month) lol!

Scousebird_2

oldwiring wrote: »

I recall the first single entry machines, which used zero proofing to check cheques/cash against the credit slips, and the then Midland's first Operations Centre.

Hey-midland aint moved on too much lol-I worked there up till last year and they were still using the old counting machines to load the ATM's (you know with the courier they used in the 80's that my GRANDAD used to work for-I think they became Security Express but back then they were De la something, with the symbol of a head! Funny!

Scousebird_2

virgin_moneysaver wrote: »

OMG! - its all coming back to me - filming all the work that came over the counter - hand sorting by bank at end of night, printing chq books from a Bradma plate ( try to miss your fingers!) & worst job of a lowly grade 1, statement clerk - having to dig out the missing chqs for the customers who had all their vouchers back - a certain Health Authority springs to mind, who used to pay their support staff, porters et all by WEEKLY cq that they could cash at the hospital sub-branch on a Thursday & all the cqs had to be ticked off & sent back with the statements every Friday, & their were hundreds of the damn things - Happy Days

If you're talking about Midland/HSBC then they still have gradings. My friend worked in the days of grade ones but they don't exist now-cashiers are usually a grade 3. I am too young to remember the long dog and meat ticket days! Sadly, I suppose they were the best really-where the bank manager on site made decisions as opposed to some underwriting team in flaming India

Extant

Scousebird wrote: »

Sadly, I suppose they were the best really-where the bank manager on site made decisions as opposed to some underwriting team in flaming India

Actually, this is a terrible idea - if one manager said no, you'd just go in to another branch and ask. This sort of non-standardized approach to risk is never a good thing.