The days of waiting nearly a week for a cheque to clear could soon be over, as a new system introduced yesterday aims to revolutionise one of the more old-fashioned payment methods.

New technology launched by the Cheque & Credit Clearing Company means cheques paid in on a weekday could soon clear before midnight the following evening, rather than taking up to six working days.

From early next year, some banks will even allow you to pay in cheques using their mobile banking apps.

Cheque imaging: how will it work?

With the new technology, the old paper-based clearing system will be phased out. Instead, the bank will create a digital image of the cheque, so that each payment can be processed more quickly.

By Santander UK plc Log on quickly and securely with your fingerprint to access your Santander accounts in one place. Pay your bills, your friends and your mobile contacts quickly and easily. The most inflexible banks are Santander, M&S Bank, HSBC and First Direct. Customers who don’t use a mobile will have to call their banks using a landline to go through the final stages of the online purchase process. Santander said customers can also access accounts and make payments in their branch. Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. Telephone 0800 389 7000. Calls may be recorded or monitored. Robyn Marsack has been left with cheques she is unable to pay into her bank after Santander took the extraordinary step of changing the name on one of her current accounts, seemingly to prevent.

While the new clearing system officially launches today, banks have until summer 2018 to fully adopt the new technology.

Once they do, it’ll work like this: if a customer pays a cheque in on a weekday, it’ll be cleared by 11:59pm the following day at the latest. Over a weekend or bank holiday, the cheque will clear by the following working day. Once the system is fully rolled out, payments may move even more quickly.

Some banks are also set to offer cheque imaging through their online banking apps – meaning you might soon be able to pay in a cheque from the comfort of your own home.

What will happen in the meantime?

While the new system is in the process of being rolled out, the old clearing system will operate parallel to it. Initially, imaging will only be available to a small number of cheques before growing gradually over the coming months.

In the short term, this means you might face some uncertainty over how long a cheque will take to clear, as some will still take up to six working days using the old paper method.

For now, customers are being advised to contact their bank to find out when they’ll be adopting the new technology. But don’t worry – you’ll still be able to pay cheques in at your bank or building society branch, using an ATM or by post.

Which banks are leading the change?

Bank of Scotland, Barclays, Halifax, HSBC, Lloyds, Nationwide and Santander are front-runners in adopting the new clearing system from today, with NatWest and RBS set to follow early in 2018.

While Barclays already allows customers to deposit cheques worth £500 or less using its app, this service is currently limited to Barclays cheques.

None of the major banks are currently accepting competitor cheques through their apps, though this will change in early 2018, with Bank of Scotland, Barclays, Halifax and Lloyds all expressing an intention to be early adopters.

Pay In Cheque Online Santander App Uk

Do people still use cheques?

In 2011, the banking industry announced plans to phase cheques out entirely by 2018 – but it’s safe to say that’s unlikely to happen.

Partly, this may be due to pressure from MPs, who suggested older people still rely on cheques as a day-to-day form of payment.

Pay Cash Cheque

While it’s true that cheque usage might be in decline, a whopping 477 million were written in 2016 – meaning the days of the humble cheque are unlikely to be over anytime soon.