Cheque Replacement
Payments Council to keep cheques and cancels 2018 target
The Payments Council has announced that the 2018 target date for closure of the cheque clearing has been withdrawn, effectively meaning that cheques will continue for as long as customers need them.
NatWest supports this decision and has publicly stated that we would only agree to the removal of cheques once suitable and acceptable alternatives were in place, which our customers were using. The Payments Council decision is in line with this assurance.
We are aware however that many of our customers are looking at how they can make and receive their payments in more efficient ways than by using cheques.
NatWest has a range of alternative solutions that can help customers manage their payments more effectively and we would encourage you to speak to your Relationship contact, or contact us via this site.
We also remain committed to developing innovative new solutions to ensure our customers have the best range of payment options available.
The full statement from the Payments Council is available on their website:
Payments Council - Payments Council to keep cheques and cancels 2018 target
Useful links
The Payments Council
www.paymentscouncil.org.uk
