This is a premium service where by cheques are cleared between 11am and 12 pm (on working days) and clients can receive their funds after the session ends as 3pm on the same day. Banks charge a special rate for this service.
Benefit of Express Cheque Clearing
- Same day access to funds
- Improved security
- Improved system audit thus greatly reducing incidents of fraud.
- Increased client confidence in the banking system.
- Increased efficiency and timeliness in the clearing and settlement process.
Express Cheque Clearing Times
| Transaction Type | Session Number | Open | Close |
|---|---|---|---|
| Express CCC Presentment | Session 9 | 11.00 Previous Day |
12.00 Next Day |
| Express CCC Returns | Session 11 | 13.00 | 14.00 |