Cheque/cash processing & change provision service

At The Co-operative Bank, we offer a swift and efficient cheque/cash processing & change provision service, particularly suited to corporate customers with large, bulk cash deposits. We can speed up the process of collection, delivery and processing of your deposits, which means the money can be credited to your account in a faster turnaround time and start earning interest sooner.

Cheque/cash processing & change service is where we will undertake to collect and process both Co-operative Bank, as well as third party cheques, and cash. And you can rest assured your money is safe; we only use recognised security carriers, and will issue a customer service guarantee which outlines what action we will take if we fail to meet certain standards.

The Co-operative Bank cheque/cash processing & change service:

  • is offered at a competitive rate
  • eliminates the need to keep cash on the premises overnight, so could lead to a reduction in your insurance premiums.

Your local Post Office® service

Alternatively, you may find it more convenient to deposit cheques and cash over the counter at any one of more than 14,000 Post Offices® nationwide, using our Post Office® paying-in scheme. There are no limits on the number or the amount of the deposits you can make and all monies should be cleared to use in three days. You can also arrange to collect change at the Post Office® – all for the same fee as our in-branch service.

Postal payment service

Another option is our cheque-in/lockbox service. This unique postal payment service allows your organisation to outsource the processing of bulk payments, donations and other postal responses. We accept cheques, postal orders, Visa card payments, and direct donations on behalf of charities.

Making use of our cheque/cash processing and change provision services could help increase efficiency and control your administration costs. By allowing your business to shift its focus away from secondary activities, you could save valuable time and resources.

For further information about our money transmission services, please contact your Relationship Manager.