Does cheque clearing still work the way it used to ?

gettingthere28

I know that many moons ago when you paid a cheque into your account the cheque went back to a clearing centre to be exchanged with other cheques, but does this still happen today.

For example I paid a Barclays cheque into my Lloyds account this morning, so will that cheque still go back to Barlcays or is it done electronically now ?.

I remember when you used to get your bank statement you got back all the cheques you had written !.

stephane_2

A cheque....what is a cheque!!:rotfl::rotfl::rotfl:

alanq

Put "cheque clearing" into a search engine and you will find the information that you seek.

stclair

See how its done with Bob and Shelly:

http://www.chequeandcredit.co.uk/files/candc/flash_files/candc_animationv6.swf

Willing2Learn

stclair wrote: »

See how its done with Bob and Shelly:

http://www.chequeandcredit.co.uk/files/candc/flash_files/candc_animationv6.swf

Is this presentation part of the official Natwest staff training programme?

jackjones01

Willing2Learn wrote: »

Is this presentation part of the official Natwest staff training programme?

Are you able to answer the OPs question at all?

Willing2Learn

jackjones01 wrote: »

Are you able to answer the OPs question at all?

I am sorry if you took offence. The question has clearly already been fully answered by the presentation kindly posted stclair.

Since, after watching the video, the OP clearly has all the necessary information (imho), I thought I would make a wee joke as the video, though informative, did make me laugh!

I thought I should share the joke for the benefit of all Sorry if you were not able to understand that!

I hope that stclair did not get upset as well as I really meant no harm

Simple!

stephane_2

jackjones01 wrote: »

Are you able to answer the OPs question at all?

Are you.....?

dalesrider

stclair wrote: »

See how its done with Bob and Shelly:

http://www.chequeandcredit.co.uk/files/candc/flash_files/candc_animationv6.swf

Nice and simple... Just how the public like it. :rotfl:

OP.
Nothing has changed in all the years. Although timescales have got tighter.

mulronie

Nothing has changed.

At this very moment there are a load of TNT/G4S/DHL/UPS trucks bombing around the road network delivering today's millions of cheques to one of a few processing sites.

When I was working in the field a few years ago there were talks around making the data exchange electronic - but to this day it still involves the physical handover of millions of cheques from bank to bank. No wonder banks hate the things. The biggest cheque clearing plant is shared by a few of the biggest clearing banks, and is unsurprisingly slap in the middle of the country - and it's very noisy.