Westpac slashes clearing times

Westpac continued down the service-based path, by announcing yesterday that funds deposited by cheque could be accessed within three days by July 1999.

Despite the advances in technology over the last twenty years, clearing times for cheques has remained a frustration for consumers. With about 3.5 million cheques still being deposited each day, this initiative on behalf of Westpac should bring some relief to customers.