The cheque guarantee scheme closes this year

The scheme is closing on 30th June 2011, which means after this date the UK banks will no longer be able to use the scheme to allow customers to guarantee cheques. This will have an impact if you write cheques with a guarantee card or still accept cheques from customers that you rely on being guaranteed by a card. You can still write or accept cheques, but they will only be paid by the bank if sufficient money is in the drawers bank account. For fact sheets and further information, then please see the UK Payments web site