Insight Associates provide outsourced accounting and Finance Director services to ambitious and growing businesses. We work as your only resource or with existing staff to give you complete financial support including monthly management accounts, high level financial advice, robust controls and financial systems, funding and business planning, payroll & compliance, VAT returns and statutory compliance.

Successful business leaders have all the information they need to make good decisions…Do You?

Monday, May 09, 2011

Cheque Gaurantee Scheme to close

The UK’s cheque guarantee card scheme is closing on 30th June 2011 following a decline in the use of guaranteed cheques.
  
Cheques can still be used after this date but they will no longer be covered by the guarantee even if the card is still valid and carries the cheque guarantee hologram.  Guarantee cards will gradually be phased out. 

Any cheques you accept may be returned ‘unpaid’ by your bank if your customer does not have enough money in their account to cover them.   

If you rely heavily on accepting or issuing cheques now is the time to look at alternative payment options such as Debit/Credit or Charge Cards, On-line banking, telephone banking or cash.

For further help or advice on this please get in touch and we can help you assess your options.

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Insight Associates, Insight House, Riverside Business Park, Stoney Common Road, Stansted Mountfitchet, Essex, CM24 8PL, UK
Tel: +44 (0)1279 647447 Fax: +44 (0)1279 814512
Insight Associates is a trading name of Financial Catalysts Limited. Registered in England and Wales Number: 5670047. Registered Office as above. Disclaimer | Cookies