The Cheque Guarantee Card Scheme announces - closure date of 30 June 2011
The 24 bank and building society members of the UK Domestic Cheque Guarantee Card Scheme have announced that it will close on 30 June 2011, meaning that it will no longer be possible to guarantee a cheque under the Scheme after this date.
This does not mean the end of cheques as businesses will continue to be able to accept them and customers will still be able to write them.
During the next two years, those banks and building societies who provide cheque guarantee services will ensure businesses who still accept guaranteed cheques, and personal customers who still write them, are made aware of the closure date, and that they are given information about the alternatives.
To help answer likely questions that businesses or consumers may have on this issue the Scheme has today published two fact sheets available below: