28thNov
Cheque clearance changes: e-commerce beware
New cheque clearance rules coming into effect on 1st December 2007 mean that cheque payments will not be guaranteed until 7 days after being presented to the bank for payment, even if the money has already appeared in your account.
If you're an online seller, it is recommended that you avoid dispatching goods that have been paid for by cheque until the seventh day has passed, unless the cheque payment was secured with a cheque guarantee card.