Cheque Clearing Cycle

The cheque clearing cycle refers to the time taken for a cheque to be processed, credit an account and that money to become available.

For cheques I have written

Cheque Imaging is still being rolled out across all banks and building societies within the UK and is due to be fully established in 2019.

If you have written a cheque and this is paid into a bank or building society using cheque imaging, it should debit your account after two Business Days, once the cheque has been presented for payment at the payee's bank. If the bank or building society isn’t using cheque imaging, this should debit your account after three Business Days.

For cheques I have paid into my Co-operative Bank/Britannia account

For cheques you pay into your account, once we receive the cheque, it will clear and credit within two Business Days.

Once the cheque is credited, if applicable, you will then start to earn interest or interest charges will start to reduce on your overdraft. If a cheque you deposit isn’t paid, then a credit won’t appear on your account and a letter will be sent to notify you of this.

If you are paying a cheque into a Co-operative Bank branch, you should expect to see the cheque clear and credit your account within two Business Days.

If you are paying a cheque into a Post Office, you should expect to see the cheque clear and credit your account within four Business Days.

If you are posting a cheque to us, it can depend on how long the post takes to reach us, but once we receive the cheque it will clear and credit the account within two Business Days.

Useful cheque clearing tips:

  • If you need to cancel a cheque you have written, you have until the day before the cheque is presented to us for payment to request this. Once a cheque has been presented for payment, and is showing as debiting your account, we are unable to cancel the cheque.
  • Occasionally there are circumstances beyond our control, where the credited cheque may be delayed.
  • When paying in cheques at the Post Office or posting cheques to us, please ensure you enclose a paying in slip to avoid any unnecessary delays in processing your cheque(s)