Bringing cheque processing into the 21st century
You’ve sent us plenty of questions and suggestions regarding the future of cheques. We’ve listened and have been working with the government, industry and other banks to bring the cheque payment system into the 21st century.
The Small Business, Enterprise and Employment Bill was passed on 26 March 2015. This means that all banks will process cheques as images from October 2017.
What this means for you:
Faster access to your money – cheques deposited by 4.00pm will be paid by 11.59pm on the next working day at the latest
More options for paying in cheques – you can still pay cheques in at a branch or on a mobile phone, through your Barclays Mobile Banking app
Cheques that don’t clear
There are times when cheques you pay in using your mobile banking app need to be returned. For example, the account the cheque is drawn from may not have enough money in it to make the payment, or there may be a problem with the signature or date.
If that happens, we’ll let you know. If you’ve chosen to receive letters from us online, you’ll see an alert when you sign in to Online Banking. If not, we’ll send a letter by post. In both cases, the letter will include an image of the cheque and an explanation of why it hasn’t cleared.
Apply to try it for yourself
You can experience the benefits of the new system before October 2017 by joining our Mobile Cheque Imaging pilot. You’ll then be able to pay in Barclays cheques up to the value of £500 using the Barclays Mobile Banking app on your smartphone or iPad. Please email us at firstname.lastname@example.org to join1.
We’ll keep you informed about our plans to make cheques a sustainable, secure and convenient payment method for the future. Meanwhile, you can find out more by reading our
consultation document 70 KB