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Payments
- Making & collecting payments
- Payment forms
- Cheques
- Cheque Guarantee Scheme Closure
- Cheque Replacement Update
Managing payments
Cheque Guarantee Scheme Closure
Cheque Guarantee Scheme Closure
The Payments Council closed the Cheque Guarantee Scheme on 30 June 2011. Whilst it is still possible for your business to accept and issue cheques, it is no longer possible to guarantee cheques.
If you previously relied on the scheme either for accepting payments from customers or making payments, you will now need to use alternative solutions.
Frequently Asked Questions
Customers who previously accepted guaranteed cheques
A: The current card will be replaced in the future without a cheque guarantee hologram but until that time you can continue to use your current card. This can still be used for normal POS and ATM usage, just not for cheque guarantee purposes.
A: You can refer customers to the Payments Council website where more information on the closure of the UK Cheque Card Guarantee Scheme is available.
Next Steps
If you require further information and advice on choosing the most appropriate alternative payment methods, please contact your Relationship Manager.
