Using a digital image of the cheque, cheques from all banks and building societies will be processed and cleared the next working day, even when the cheque writer and cheque recipient are with different banks and building societies.
This means that cheques will be credited to your account ahead of current timescales so you can withdraw your funds sooner. It also means if you write a cheque it will clear more quickly out of your account, once the cheque is deposited.
Just as now, you will need to make sure there are sufficient funds in your account before writing a cheque.
Nationwide strives to provide a range of payment services to our members that meet their everyday requirements. There are alternative ways to pay in money and receive money such as Faster Payment for example. Check out our Ways to Pay section to find out all your payment options with Nationwide.