This is the default cheque clearing service whereby cheques are cleared within two days beginning from the day the cheque is deposited at the bank. Most banks do not charge for this service.

Benefit of Standard Cheque Clearing

• Improved security
• Increased efficiency and timeliness in the clearing and settlement process.
• Quicker and easier access to funds
• Increased client confidence in the banking system.
• Improved system audit thus greatly reducing incidents of fraud

Standard Cheque Clearing Times