Demand a reduction in the time Banks take to clear a cheque lodgement to two working days.. Release

by: Aidan Moss
recipient: Bank Clearing System.

The clearing system should made more efficent as customers have to wait 5 working days before cheques lodged to their account can be used. The cheque lodged is cleared on the payee's account within 3 working days. Why should the banks have the use of these funds, contimue to charge interest on the uncleared funds.

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Demand a reduction in the time Banks take to clear a cheque lodgement to two working days.. Release