Paying in and using cheques with cheque imaging

Paying in cheques

During this current time, you can post your cheques into us to be deposited into your current account. Please ensure to write your full name, sort code and account number on the back of the cheque before posting.

The address to send a cheque to is:
M&S Bank
PO Box 10565
51 Saffron Road
Wigston
LE18 9FT

Please allow a few extra days for processing when posting.

An easier and quicker method of clearing cheques, the image clearing system enables images of cheques to be exchanged between banks and building societies instead of physical paper cheques.

Sterling cheques that are imaged will clear faster than physical paper cheques and you’ll be able to access your funds in just two working days.

This means that when you deposit a cheque, you will be able to access the funds by 23:59 on the next working day.

If you have written a cheque, you will see the funds being debited from your account the next working day, therefore it is important the money is in your account when you write the cheque.

Mon Tue Wed Thur Fri Sat Sun Mon Tue
Day 1 Day 2
Day 1 Day 2
Day 1 Day 2
Day 1 Day 2
Day 1 Day 2
Day 1 Day 2
Day 1 Day 2
     Day 1  - you deposit your cheque.
 
     Day 2  - the day your money will be available to be withdrawn by 23:59 and interest will start to accrue.

You are still able to pay in cheques at an M&S Bank Branch or a HSBC Bank Branch in the UK

Ensure you have funds available when you write a cheque

You need to ensure you have sufficient funds when writing your cheques, and until the cheque has debited your account, as it could be as quick as the next day. If there is not enough money to pay your cheque at the start of day we may try to pay it again at 1.30pm. If there is not enough money in your account, it may be returned unpaid. This will apply to all UK sterling bank cheques.

Your bank statement

With cheque imaging you will see cheques paid in when cleared rather than pending. If a cheque does not clear by 23:59 on the next working day, it may have been returned unpaid and you will see a credit and debit cheque transaction. You will also receive a letter to explain the reason why the cheque was unpaid.

Stopping a cheque

You’re not able to put a stop on a cheque once the cheque has been presented for payment.

Representing a cheque

Return cheques will be represented where applicable.

This will occur up to 4 times. Any charges applied will remain as today.

If a cheque is returned as unpaid, you will receive a copy of the image not the paper cheque as before. You should not try to represent a paper cheque as it will be rejected as a duplicate.

Cheque imaging statement transactions

Paid cheques: Credit transactions will appear on the account by 23:59 on the weekday after the cheque is deposited.

Unpaid cheques: Credit and debit transactions will show on the account once an unpaid decision has been received by 23:59 on the weekday after the cheque is deposited and a letter will be sent advising the reason the cheque was unpaid.

Represents: Credit and debit transactions will show on the account once an unpaid decision has been received by 23:59 on the weekday after the cheque is deposited and a letter will be sent advising the cheque will be represented for payment.