Lloyd's bank image cheque clearing

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  • pistonvalve
    pistonvalve Posts: 201 Forumite
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    I paid a large cheque in to Lloyds and have been told it will be 4 days to clear - why
  • ColdIron
    ColdIron Posts: 9,053 Forumite
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    pistonvalve wrote: »
    I paid a large cheque in to Lloyds and have been told it will be 4 days to clear
    Maybe a normal sized one would have been quicker :p
  • pistonvalve
    pistonvalve Posts: 201 Forumite
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    Ah, missed out the word value!! Genuinely confused - I thought cheque clearance times had been reduced by the banks to midnight next day.
  • chelseablue
    chelseablue Posts: 3,303 Forumite
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    I've paid a cheque in recently on the Halifax app. Cheque was for £500

    Did it on Sunday and it was showing as available the next day.

    Must say I was impressed.

    I don't think Nationwide has quick clearing yet, I paid some cheques in at the branch on Monday and they will clear tomorrow
  • agrinnall
    agrinnall Posts: 23,344 Forumite
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    pistonvalve wrote: »
    I thought cheque clearance times had been reduced by the banks to midnight next day.


    You thought wrong then. Reduced clearing times have been introduced and are being trialled, but I would expect the vast majority of cheques to still need to go through the usual 2-4-6 clearing just now.
  • darren72
    darren72 Posts: 1,288 Forumite
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    Does anyone know of any other UK banks currently allowing the deposit of cheques by scanning them in or taking a photo via an app ?
  • Hazzanet
    Hazzanet Posts: 1,713 Forumite
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    darren72 wrote: »
    Does anyone know of any other UK banks currently allowing the deposit of cheques by scanning them in or taking a photo via an app ?

    Barclays, Clydesdale, Yorkshire.
    4358
  • Kernel_Sanders
    Kernel_Sanders Posts: 3,617 Forumite
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    darren72 wrote: »
    Does anyone know of any other UK banks currently allowing the deposit of cheques by scanning them in or taking a photo via an app ?
    Bank of Scotland do, but it's still £500 max cheque with a maximum daily deposit of £1000.

    If you scan your cheque early enough on a working day, is there any chance the funds will be available that evening?
  • Madfool
    Madfool Posts: 53 Forumite
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    Doesn't this cause problems if the cheque was to bounce though? I always thought that's why cheques took so long to clear? To avoid them bouncing and customers drawings against money they technically didn't have and going possibly overdrawn?
  • murp
    murp Posts: 4 Newbie
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    Works really well.

    I live in Scotland but dont have any Lloyds branches up here so this is great for me!
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