VA Briefing 145 – The future of cheques

The Payments Council has set a target date of 2018 to close the cheque clearing system in the UK. If this closure goes ahead, it will mean that it will no longer be possible to make or receive payments using cheques after this date. This briefing summarises discussions that took place at the Future of Cheques workshop, organised by Voluntary Arts and run by the Payments Council in March 2011, which was attended by 20 amateur arts and crafts groups and umbrella organisations.

Download the Briefing from www.voluntaryarts.org/runningyourgroup (sign-up required)

Addendum: Payments Council to keep cheques and cancels 2018 target (12 July 2011) – The Payments Council has announced that cheques will continue for as long as customers need them and the target for possible closure of the cheque clearing in 2018 has been cancelled. The Payments Council Board will continue to focus on security, efficiency and encouraging innovation in all types of payments to ensure customers have options best suited to the 21st century.

Read the Payments Council Q&A factsheet for more details

This Briefing was published in June 2011. The content and resources were applicable at the time of going to press. Much of the information contained in Briefings is generic but some facts and contacts details may change and /or go out of date. You are therefore advised to double check the currency of the content in this document.