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  • Cheque
    • no cash needs to be carried
    • money spent can be tracked by completing the cheque book stub
    • immediate record of payment is made, giving full details
    • cheques can 'bounce' if no money is available in customers bank account
    • funds need to be cleared
    • time between the cheque being paid into the bank and the funds being transferred can take around 3-5 days
    • cheques must  be paid into a bank within six months otherwise it will become invalid.


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