into force. These have increased clarity and certainty when paying in cheques to a bank or building society account. The 2-4-6 changes set a maximum time limit of two, four and six working days for each of the stages after paying in a cheque to a current or basic bank account. The timescales cover cheques, bankers' drafts, bankers' cheques and building society cheques paid into sterling current and basic bank accounts. For deposit or savings accounts the maximum time limit for withdrawal is longer (6 days, rather than 4). For the first time, after depositing a cheque, customers can be sure that at the end of six working days, the money is theirs. They are protected from any loss if the cheque subsequently bounces, unless they are a knowing party to a fraud. The timescales also set maximum times when customers start earning interest on money paid in (2 days) and when it will be available for withdrawal. Merged into NPSO Cheque and Credit Clearing Company Limited announced that on 1 July 2018 it had become a wholly owned subsidiary of NPSO Limited, the New Payments Systems Operator (Pay.UK), and that the C&CCC board had handed management over to the board of NPSO. See also Clearing house (finance) UK Payments Administration Clearing House Automated Payment System (CHAPS) Bankers Automated Clearing Services (BACS) Payments Council Faster Payments Service References External links Cheque and Credit Clearing Company British Bankers' Association Understanding the cheque clearing cycle Association for Payment Clearing Services The Cheque and Credit Clearing Company Financial services companies of the United Kingdom 1985 establishments in the United Kingdom Banking in the United Kingdom Financial services companies established in 1985 British companies established in 1985 Payment clearing systems