As a result we expect the volume of cheques being specially presented to be significantly reduced.
I paid by cheque at a shop and the funds left my account within two days. Keep the cheque stub that contains the details and reference.
Ever since their inception it has been the case that cheques are not a promise to pay by the bank, but a request to the bank that it pays, out of the funds deposited by the customer, an amount to a third party. Keep a record of each cheque you write on the stub in your chequebook.
Check these against your statement and report any problems to the bank straight away. Cheque writing basics Writing cheques is simple and safe, as long as you get the basics right. For this reason, they do not bounce because of a lack of funds. Stopping cheques and other cheque issues Stopping a cheque If you think you made a mistake, for example you wrote the wrong name on your cheque, or you lost it, you can ask your bank to cancel it.