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Current Accounts

How will the new clearance timescales affect the way I use cheques and manage my account?

From 30 April 2018, if you write a cheque from your Tesco Bank Current Account and it’s paid into another bank, your money will leave your account faster than before, as long as the other bank is also using the cheque imaging process.

 

If you have insufficient funds in your account when the cheque is processed, you will no longer be able to pay money in by 5pm to allow the cheque to be paid. The cheque will automatically be rejected.