We use a minimal number of cookies to enhance your browsing experience - you can change your settings at any time.
checkmyfile
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

5,000 new PPI complaints made every week to the FOS

More than three years since the controversy of mis-sold Payment Protection Insurance (PPI) began, the Financial Ombudsman Service (FOS) are still reporting around 5,000 new complaints made every week. About one in ten successful claims are not straightforward and end up with the Financial Ombudsman Service.

The service, which helps deals with disputes that cannot be resolved between a customer and a financial group, has claimed that PPI complaints continue to overshadow other complaints. This comes in spite of the number of complaints dropping over the years.

Payment Protection Insurance (PPI) is designed to help customers repay any loan and credit card debts in the event of illness, accident, redundancy or death. Millions of .....

29 Jul 2014 by

Rebecca Stains

 in 

Banking

Full Article

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

 in 

Banking

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

18 Jul 2014 by

George Coburn

 in 

Banking

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