We use a minimal number of cookies to enhance your browsing experience - you can change your settings at any time.
The UK's only Multi Agency Credit Report

Take a FREE 30-day no obligation trial. Call 0800 612 0421 9am-5pm, Monday to Friday for help.

Forgotten Password?

Online cheque clearing time checker

Posted in 'Banking' by Barry Stamp

10 November 2011

Anyone who has struggled to work out how long it takes for a cheque to ‘clear’ will find invaluable the a href=" http://www.chequeandcredit.co.uk/246/-/page/cheque-checker/ " target="_blank">online cheque clearing time checker.

The checker calculates the maximum time it takes for a paid-in cheque to start to earn interest, (or to reduce interest if your account is overdrawn), when the funds will be made available to draw against, and when the cheque finally clears and there is no risk of the cheque being returned unpaid (bouncing).

In the checkmyfile Banking and Credit Card Survey, respondents rated their banks very differently in terms of customer satisfaction. RBS, HSBC and NatWest filled 3 of the top 5 places and each offers a basic current account with no fee, which should suit most needs, and these banks are big enough to cope with more complicated stuff should the need arise.

Barry Stamp

Barry is a Chartered Banker and a Fellow of the Institute of Credit Management. He has a degree in Statistics and Business Economics from the Open University. Barry writes mostly on news from the worlds of banking and mortgages.

Barry is a co-founder of checkmyfile.

Related Articles

Payday loans to be capped in new FCA proposals

Consumers who take out payday loans will not be made to repay more than twice the amount borrowed, it has been confirmed in a move by the Financial Conduct Authority (FCA) to clamp down on out-of-control charges and fees being placed on them by the payday lenders.

The FCA have announced that from 1st January 2015, interest and fees charged must not be greater than 0.8% per day of the quantity originally borrowed. In addition, default fixed fees will be limited to £15, and the total price cap is set at 100% of the original loan.

This means that if someone were to borrow £100 from a payday lender, and pay it back within 30 days as agreed, they would not be charged more than £24. Currently, Wonga, one of the most well-known payd .....

22 Jul 2014 by

Ben Tumilty



Full Article

CPI increases from 1.5% to 1.9% in June

An unexpected increase in the cost of food and clothing has been contributed to the increase in consumer price inflation (CPI) from 1.5% to 1.9% in June. According to the Office for National Statistics (ONS) this increase is above their forecast where they predicted CPI would rise from it’s over four year low during May of 1.5% to 1.6%.

Despite this large increase, CPI is still below the Bank of England’s target of 2% and it has been there for seven consecutive months. 1.9% is also significantly lower than the 2.9% reported in June 2013.

With there being a continued low increase in cost of living, there is less pressure being applied to the Bank of England with regards to increasing the base rate but CPI is still above the a .....

18 Jul 2014 by

George Coburn



Full Article

Bill increases for repairing nation's services

MPs warn Repairing nation’s services will add £250 billion to household bills

18 Jul 2014 by

Paul Anderson Riley



Full Article

Accepted Payment Methods: VISA, MasterCard and Direct Debit

© Copyright Credit Reporting Agency Ltd 2000 to 2014. All Rights Reserved.

United KingdomAustraliaUnited States via TrueCredit

Customer Feedback