Future of cheques
Pay in cheques with your Barclays Mobile Banking app
Bringing cheque processing into the 21st century
You’ve sent us plenty of questions and suggestions about the future of cheques. We’ve listened, and we’ve been working with the Government, industry and other banks to bring the cheque payment system into the 21st century.
The Cheque and Credit Clearing Company (which manages the cheque-clearing system) has announced the introduction of the new Image Clearing System from 30 October 2017. It’ll be rolled out in phases with more and more cheques clearing through the new system, until all cheques are cleared as images by the second half of 2018.
Faster access to your money
If you pay in a cheque on a weekday (Monday to Friday, except bank holidays), you’ll typically be able to withdraw the funds by 23:59 at the latest on the next weekday (except bank holidays, as long as the cheque hasn’t bounced).
This also means that when you write a cheque, funds may leave your account faster. Just as now, you should only write a cheque if you have enough funds in your account to make the payment.
The phased roll-out will last for several months. During this time, the paper clearing and image clearing systems will run in parallel. For the first few months from 30 October 2017, only a small number of cheques will clear faster through the new image system.
More options for paying in cheques
You can still pay cheques in at a branch, but you’ll also be able to use your Barclays Mobile Banking app by taking a photo of the cheque with your smartphone’s camera1. You can try it now by applying to join our pilot.
If you’re a member of our pilot, you can use your Barclays Mobile Banking app to pay in most cheques drawn on other banks as well as ours – all up to the value of £500.
Apply to try it for yourself
You can experience the benefits of the new system before cheque imaging is introduced in the UK by joining our mobile cheque imaging pilot. You’ll then be able to pay in up to 4 cheques every 7 days (20 cheques every 7 days for business customers) for amounts up to £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.