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PPI refunds: Cheque Guarantee Card Scheme to end

The Cheque Guarantee Card Scheme is due to end on June 30th this year, meaning people will no longer be able to guarantee a cheque by handing over a card that carries the scheme logo.

Despite there being less than six months left on the scheme, research by the Payments Council has found that four out of ten people are unaware that the scheme is coming to an end.

Jacqui Tribe, manager of the UK Domestic Cheque Guarantee Card Scheme, said: "Over the next five months banks and building societies will be working hard to make sure that everyone who is still guaranteeing cheques with a plastic card is made aware of the change, but also to make it clear that they will still be able to use and accept cheques."

According to the research, 22 per cent of cheque card holders have never used the guarantee facility and a further 49 per cent last used it over a year ago.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.
 ADNFCR-2776-ID-800374537-ADNFCR



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