I thought the new cheque clearing system was meant to be better I posted a cheque from Scottish power on Monday it went into my bank on the Friday and now I have to wait till Monday for it to clear this is no different waiting time from when you could put your cheque in over the counter I would of thought if was a cheque from a company it would of been cleared straight away like other banks do
new cheque clearing system
-
Verified Answer
Verified Answerthanks for getting in touch. The cheque imaging process you refer to can certainly expedite the time taken to clear a cheque, however this will depend on whether or not the other bank is also using the new cheque imaging process. If not, the cheque will be subject to our standard clearance timescales. More information on this can be found here: https://community.tescobank.com/t5/C...ke-to/ta-p/770.