Re: Sorry Bank Clearing Times Again!!!

>> wrote

>>>> It is also worth noting that cheques >>>> in the post are simply not secure. >>>> I would never send a large cheque in the post. >>> >> "Tim" wrote >>>But the cheque clearing system itself just uses the post, doesn't it?! >> > "John Boyle" wrot >> Securicor or the likes. They used to use their own >> security vans. 'Special presentations' used to be >> posted by the collecting bank direct to the drawee. >> >> But now that the law has been amended the system is now >> 'truncated' and the cheques dont have to be physically >> presented to the drawee. I'm not sure where they are kept, >> at local remmitance centres I suspect. perhaps Eric can help. >

"Eric Jones" wrote

Hello John and others, > Yes cheques are now kept in one big centre > and are no longer distributed to branches.

How do they get from the branch at which they were "paid in", to the "one big centre"?

Reply to
Tim
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Presumably the same way that they did before they stopped storing them at branches.

It is the re-distribution back to the payer's home branch that no longer happens.

tim

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tim.....

Reply to
Eric Jones

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