Cheque Clearing Cycle- we are not in the 21st century because.......

[Nattie]

http://news.bbc.co.uk/1/hi/programme...ch/3815599.stm

The interesting bit on this is with regards to Sweden whose banks were forced to make changes to clear cheques quicker. The Banks in the uk have lobbied hard to avoid this in the UK arguing that it would cost too much. Did they not make a little profit each year??

[iancognito]

Re: Cheque Clearing Cycle- we are not in the 21st century because.......

I thought this had already been covered but they managed to get a couple of years to implement it? is that my memory being stupid again?

[Nattie]

Re: Cheque Clearing Cycle- we are not in the 21st century because.......

Nope, that is called making the clearing cycle straight forward for us dumbasses the consumers.