Cheques
Cash withdrawals from ATMs reach record highCash machine withdrawals hit a record high in 2011 with consumers taking out £191 billion, according to data from the Payments Council. |
MPs call for banks to restore cheque guarantee cardsCheque guarantee cards could make a comeback after an MP committee urged the Payments Council to reconsider their abolition. |
Treasury Committee says future of cheques safe for nowA Treasury Committee has criticised The Payments Council for trying to decide the future of cheques without taking into account the interests of consumers and has said that cheque delays must be reduced. |
Age UK questions banks commitment to the future of chequesDespite a Payments Council ruling in July that cheques will continue to be used as a payment system for as long as people want to continue using them, Age UK has questioned the banks commitment to them. |
Cheques set to continue "as long as customers need them"Controversial plans to phase out the use of cheques have been scrapped by the Payments Council following a consultation. |
Cheque guarantee card scheme ends in JuneThe removal of the cheque guarantee card scheme could renew the emphasis on credit and debit cards and cash payments. |
Cheques may not be checking out - just yetCheques are living on borrowed time as public support leads to the Treasury Committee considering once again whether they should be phased out in 2018. |
Live Webcast: Modern payment systems explainedAt 1pm, On February 15th,the 40th anniversary of decimilisation, join Jemma Smith and Sandra Quinn from the Payments Council as they answer your questions on alternatives to cheques, electronic payments and other aspects of modern payment systems. |
Brits 'plan to give cheques for Christmas'Many consumers still use cheques for giving gifts as new research from the consumer watchdog, Which? this Christmas shows. |
MPs to examine abolition of chequesMPs are to hold a special inquiry into the proposed abolition of payments by cheque. |
More people ditch chequebooksFurther evidence cheques are on their way out has come today after research showed an increasing reliance on the internet and telephone banking. |
Cheque guarantee cards gone by June 2011Banks and building societies today decided to stop cheque guarantee cards on June 30th 2011. |
Staff confused over cheque clearing timesBank and building society staff are failing to explain cheque clearing times to customers, a mystery shopping exercise found. |
New cheque clearing process unveiledFrom November 30th the UK will have a new cheque clearing process with the standard five days' clearance time extended to six days. |
Cheques bounce out of townIndividuals now only write 1 billion personal cheques a year, down from 2 billion a decade ago. |
New faster payments system to launchA new fast payments system is to launch from November 2007 that could see internet and phone payments completing in two hours. |
Bank charges should cost £4.50 or lessBanks should charge customers no more than £4.50 for bounced cheques or exceeding their overdraft limits. |
New certainty for people accepting chequesThe rules surrounding cheques are changing, meaning people accepting a cheque can now be far more certain the money will come through. |
Cheque writing rules to changeBritons not complying with new rules on how to write cheques could have their cheque declined, banks have warned. |
Penalty fees on bank accounts costing millionsNot budgeting properly means Britons are handing banks millions of pounds a year in penalty charges. |
Countdown to new cheque controlsIn a month's time people writing cheques made payable only to a bank or building society will need to provide more information than just the bank's name. |
Banks fairer than building societiesMore Britons think banks are fair than think building societies are, new research reveals. |
Lloyds TSB makes cheques interestingStarting today, Lloyds TSB will pay interest on cheques from the moment they are banked - rather than wait three days for them to clear. |
Pay By Touch goes liveUK shoppers can now pay for goods without cash, cards or cheques, using the new Pay By Touch system. |
Same day bank payments comingPeople will be able to transfer money between bank accounts within a few hours it has been announced. |
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