-

Future of cheques

Faster clearing with image processing

Cheques are changing – they’ve started to be processed as digital images and, by the end of 2018, all cheques will be processed like this. This means you can now pay in a cheque whenever it’s convenient to you – all you need is your mobile.

  • Pay in a cheque using your Barclays Mobile Banking app – the money is typically available by 23:59 the next weekday
  • You can still use cheques as you always have – but you now have more choice
  • Our branches are being upgraded to process all cheques as images by the end of this year

Bringing cheque processing into the 21st century

The Cheque and Credit Clearing Company (which manages cheque-clearing in the UK) introduced the Image Clearing System last year. Banks and building societies can now process cheques as digital images so cheques clear faster.

Cheque imaging is being introduced gradually. By the end of 2018, all cheques will be processed like this.

You can still use cheques exactly as you do now – but with some convenient benefits.

Get your money sooner

If you pay in cheques at a branch, they’ll start clearing faster over the coming months. When this happens, you’ll typically be able to withdraw your funds by 23:59 on the next weekday1 (as long as the cheque hasn’t bounced) – much quicker than the paper-based process which can take up to 6 days.

We’re busy testing the new technology and upgrading our branches to bring you faster cheque clearing this year.

More choice for paying in cheques

Until we’ve upgraded all of our branches for cheque imaging, cheques paid in at branches will clear using the old, paper-based system.

But if you don’t want to wait, you can pay in a cheque without paying us a visit. We’ve pioneered a quick and easy way of paying in cheques through your Barclays Mobile Banking app – just take a picture of your cheque with your smartphone’s camera2 and get your money by 23:59 on the next weekday1. Read all about how it works.

Writing cheques – funds could also leave your account faster

When you write cheques, don’t get caught out by faster clearing. With more cheques clearing as digital images, the money might leave your account faster – the next weekday after you pay it in. Just as now, you should only write a cheque if you have enough funds in your account to make the payment. More information on cheque clearing.

Stopping cheques

If you need to stop a cheque, please tell us as soon as possible. With faster clearing, if the cheque you’ve written has already been paid in, we can’t guarantee we’ll be able to stop it. Here’s more information on stopping a cheque.

Cheque clearing times

While cheque imaging is being introduced, cheques could be cleared using either:

  • The traditional paper-based clearing – to be phased out by the end of 2018
  • The ‘next weekday’ cheque imaging clearing – to be phased in by the end of 2018

At the moment in branches it typically takes 6 weekdays (Monday to Friday, except bank holidays) from the day you pay in your cheque for the money to be available to you. If you us your Barclays Mobile Banking app, you’ll get your money much sooner.

Cheque clearing times

Paying-in method

You pay in your cheque

Money shows in your account

You can withdraw the money 

The money is yours to keep

At a branch
paper-based clearing
(phased out by end 2018)

 

 

 

Monday 4 June

Up until your branch’s cut off time

 

After your branch’s cut off time

 

Almost instantly

 

 

 

Almost instantly

From Friday 8 June
(weekday 4)

 

 

From Monday 11 June
(weekday 4)

By Tuesday 12 June
(weekday 6)

 

 

By Wednesday 13 June
(weekday 6)

At a branch
next weekday
cheque imaging clearing
(phased in by end 2018)

 

 

 

Monday 4 June

Up until your branch’s cut off time

 

After your branch’s cut off time

 

Almost instantly

 

 

 

Almost instantly

From 23:59 on
Tuesday 5 June

(weekday 2)

 

From 23:59 on Wednesday 6 June
(weekday 2)

By 23:59 on

Tuesday 5 June (weekday 2)

 

By 23:59 on
Wednesday 6 June
(weekday 2)

Barclays Mobile Banking3
next weekday cheque imaging clearing
(available now)

 

 

 

Monday 4 June

Between 00:00 and 15:59

 

Between 16:00 and 23:59

 

Almost instantly

 

 

 

Almost instantly

From 23:59 on
Tuesday 5 June

(weekday 2)

 

From 23:59 on Wednesday 6 June
(weekday 2)

By 23:59 on

Tuesday 5 June (weekday 2)

 

By 23:59 on
Wednesday 6 June
(weekday 2)