Why Bounced Cheques Mean Bad Business

Title:
Why Bounced Cheques Mean Bad Business
Word Count:
479
Summary:
Small businesses rely heavily on maintaining a good cash flow and having their clients pay on

Keywords:
cheques, checks, business, cash, flow, cost, purchase, pay, invoices, funds, available

Article Body:
Small businesses rely heavily on maintaining a good cash flow and having their clients pay on

Recent research shows that small, medium and large companies have had many bounced cheques. Mi

One way in which this can happen is when someone pays a business by cheque for goods or servic
Understanding The Cheque Clearing System

Most people know that a cheque takes anywhere from three to seven working days to clear. The d

1. The currency that the cheque is in. Sterling cheques in the UK clear more quickly than cheq

2. Whether the bank that has issued the cheque is in the same group of companies as the bank t
3. Whether the cheque is paid in on a business day.

What most people don’t know is that most banks ’clear’ cheques when the normal clearing period

Some unscrupulous people can use this to their advantage. For example, they could pay by chequ
Payment Help For Businesses
Luckily, there are other ways for businesses to receive money from their customers. The first

A more costly system (with fees around £25 per transaction) is the Clearing House Automated Pa

Business owners who are worried about being left with a large debt should consider getting the

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