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new cheque clearing system

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new cheque clearing system

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 

2 REPLIES
Your Community Expert

Re: new cheque clearing system

@Shortie7126 thanks 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://yourcommunity.tescobank.com/t5/Current-Accounts/How-long-will-a-cheque-paid-into-my-current-....


 The views expressed in this post are mine and not those of Tesco Bank

Community Manager

Re: new cheque clearing system

Hi @Shortie7126 - Joel is right, hope that clarifies things for you. 

 

Would you mind accepting the solution so that this can be stored for other customers?

 

Thanks - Sarah