Cheque imaging is the process that enables images of cheques to be exchanged between banks and building societies, through the Image Clearing System, for clearing and payment. This significantly speeds up the clearing process. It has replaced the paper clearing process and the cheque clearing timescales. You will still write paper cheques as you do now, but if you receive cheques you may be offered new ways of paying them into your bank or building society account.
How to Write a Cheque - MapleMoney
Numismatics portal. A cheque , or check American English ; see spelling differences , is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer , has a transaction banking account often called a current, cheque, chequing or checking account where their money is held. The drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee , to pay that person or company the amount of money stated. Definition of a cheque as per The National Provincial Bank circa was "an unconditional order in writing drawn on a Banker, signed by the drawer, instructing the Banker to pay on demand a sum certain in money to or to the order of a specified person or to Bearer and which does not order any act to be done in addition to the payment of money". Although forms of cheques have been in use since ancient times and at least since the 9th century, it was during the 20th century that cheques became a highly popular non- cash method for making payments and the usage of cheques peaked.
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He wrote cheques to himself then tried to cover his tracks by making it look like the payments were donations to organisations including the Wales Air Ambulance and Royal British Legion. Lee Squelch wrote a series of cheques to himself from the organisation's bank account, trying to cover his tracks by putting the names of charities on the cheque stubs to make it look like they were donations. But his thievery came to light after he made a bank transfer to his own account and Barclays flagged up concerns.