Three-Day Clearing System
EDM number 2156 in 2005-06, proposed by Chris Bryant on 11/05/2006.
That this House congratulates Lloyds TSB on its decision to pay immediate interest on cheques before they are cleared; looks forward to the Office of Fair Trading's promised report into ways the banks can speed up the underlying three-day cheque clearing system; and urges all banks to move as swiftly as possible towards scrapping the three-day clearing system for all banking transactions.
This motion has been signed by a total of 56 MPs.
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