All cheques go through a process called ‘clearing’. The existing process is based on the physical transportation of paper cheques around the country.

From 30 October 2017, a new cheque clearing process will be gradually introduced across the UK Banking Industry. The new process means a digital image of your cheque will be created when your cheque is paid in, and we will be able to process this image, rather than the paper original.

At Nationwide we'll be introducing this new process at our branches, our ATMS and our postal channels during 2018.

Until that time all cheques that you pay into your Nationwide accounts will use the current paper cheque clearing process. Please continue to use the cheque clearance calculator below until advised otherwise.

Paper cheque clearing process

The chart below shows clearance times if you pay the cheque in today, but you can select any date and click "Calculate" to show a different day of deposit.

Dates shown are for a cheque cleared using the paper clearing process.


Sun
21
Oct
Mon
22
Oct
Tue
23
Oct
Wed
24
Oct
Thu
25
Oct
Fri
26
Oct
Sat
27
Oct
Sun
28
Oct
Mon
29
Oct
Tue
30
Oct
Cheques paid into any Nationwide current account (where interest is earned):
Cheques paid into any Nationwide savings account:

Table Key

Day paid in
Interest earned: when Nationwide start paying you interest on any cheque you have deposited to your savings or current account (where the current account earns interest).
Withdrawal allowed: when Nationwide allow you to withdraw against any cheque you have deposited with us.
Certainty at end of day (11:59pm): when Nationwide will not reclaim, without your permission, any cheque deposited (except in cases of fraud).

Although the Society makes funds available to allow you to withdraw against cheques as shown above , this does not mean that the cheque has fully cleared for 'certainty'.

Cheques can be returned unpaid (for example, if the person who gave you the cheque has insufficient money in their account) and if so can be removed from your account up until 11:59pm on the 'certainty' date shown above .

For withdrawals and 'certainty', if a cheque is paid in to the account on a Saturday, Sunday, Bank Holiday or at a Nationwide cash machine then the day of deposit will be the next working day.