Incoming and Outgoing Payments

    To keep you updated on our existing processes, we have provided specific cut-off times for all incoming and outgoing payments and outlined our standard cheque clearing processes.

    • Cheque clearing process

      Paying money into your account 

      When you pay in cheques drawn on other banks, they are processed through a standard cheque clearing cycle.

      The standard cheque clearance process on all sterling accounts refers to:

      • the time taken before funds paid into an account by a cheque can be withdrawn, or
      • the time taken before interest starts to accrue on funds paid into an account by cheque, this is referred to as “Cleared for Interest Payment purposes”.

      Cheque Clearing Cycle on your Account 

      • The timescales outlined below are based on industry guidelines.
      • Interest calculations and funds availability may be earlier in certain circumstances.
      • Timescales for bulk cheque schemes may be different. Please contact your Relationship Manager for further details
      • Business working days are Monday to Friday from 9:00hrs until branch closure time or 17:00hrs.
      • Saturdays, Sundays and Bank Holidays are non-business days.



      Timescales example:

      Day 0


      Cheque deposited / processed

      They are sorted overnight, according to the issuing bank, also known as the bank on which they are drawn (i.e. the bank where the issuer has his/her account), and are transported to an exchange centre.


      Day 1


      Cheques are exchanged between the banks.

      Issuing banks process them in their internal systems.


      Day 2


      Interest calculated from this day (End of Day)

       Issuing banks decide whether to honour the cheques.

      Banks exchange the value of the cheques to be honoured.

      The issuing customer's account is debited.

      Payees receive value (i.e. they begin to earn interest on the money, or overdraft interest begins to reduce, as applicable). The cheque is said to be 'cleared for value'.


      Day 3



      Day 4


      Cleared for Withdrawal

      The money is available for withdrawal through any channel.

      Although you have the right to withdraw funds at this date, we still have the right to debit unpaid cheques to your account until the cheque is “Cleared for Fate” which is usually on Day 6.


      Day 5



      Day 6


      Cleared for Fate  

      Certainty of cheque will be known (i.e. funds belong to you) at the end of business day 6.

      This is the last day on which we are permitted to take back the funds from your account without your permission if we are advised that the cheque has not been paid.

      From the end of this day, you can be certain that the funds are yours. If the Bank later finds that the cheque is not paid, we will not take the funds back from your account but will write to advise you out of courtesy.

      If you require absolute certainty that funds received into your account cannot be reclaimed by the paying bank, you should consider alternative means of payment.

      Your relationship manager will be happy to discuss alternative options with you.



      Cheques issued outside the UK 

      Cheques drawn abroad in sterling and/or foreign currency may be paid in, but will follow a different process. Please contact your Relationship Manager for further details.

      Cheques drawn in Scotland and Northern Ireland 

      Cheques drawn on banks/branches in Scotland and Northern Ireland clear in the same timescales as English and Welsh cheques. The cycle may be longer when paying in through other financial institutions or agents (such as Post Offices) as the cycle will not start until we receive the cheques.

      Making payments by cheque

      If you make a payment to someone by cheque and it is paid in at a branch of any UK Bank, the money will not leave your account until the third working day. 

      For added security, if you make a cheque payable to a utility company (e.g. water or electricity companies) or to a financial company (e.g. a bank or credit card company), please include your account number after the company name on the payee line of the cheque.

      Cheque encashments 

      For cash withdrawals/encashments, subject to your agreed credit limit, you can write a cheque with the word 'cash' on the 'pay' line, and hand it over at the counter at any branch of Lloyds Bank.

      You will need to provide some form of identification such as a Photo ID driver’s licence or passport.

      If you wish to withdraw a large amount of cash, please let us know in advance. If you cash a cheque at a Lloyds Bank branch, the money will leave your account on the same day.

      How to stop a cheque 

      Sometimes, you may need to stop a cheque being paid. To do this, you should phone your service centre [link to LBCM contact us page] as soon as possible, giving details of any replacement cheque that you write.

      To stop a cheque, we will need to know:

      • cheque number
      • amount
      • date of issue
      • payee

      A fee is payable for stopping a cheque, unless the cheque has been reported as lost or stolen.

      Please follow this same process and let us know immediately if you have lost or have had your cheque book stolen.

      Returned cheques and other items

      If we need to return a cheque you have written or another item drawn on your account due to lack of funds, we will contact you directly with the information and details of any charges.

      Unpaid cheques 

      If we have been advised that a cheque you have paid into your account is being returned unpaid, we will write to you with details of the unpaid cheque. This will usually be within two working days of the advice to us.

      Out-of-date cheques 

      If you have been issued with a cheque that is more than six months old you should ask the person you received it from to write a new one and destroy or return the old one to them.

      At our discretion, we may or may not choose to process cheques that are more than six months old. Please do not assume all cheques unpaid will be returned to you because it was written more than six months ago.  If you do not wish for a particular cheque to be paid then it should be stopped.

      Further information

      Please contact your Relationship Manager, service centre or your local branch services for further information.



    • Payment cut-off times

      View current payment cut-off times  (PDF, 203KB) which apply only to payments initiated via Corporate Online (COL) and LloydsLink Online.

      View current payment cut-off times (PDF 124KB) which apply to Manual payments and require Code Authenticator.

      We also have available payment cut-off times (PDF, 124KB) for Correspondent Banking Services sent by SWIFT.




Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service. Please note that any data sent via e-mail is not secure and could be read by others.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.