The following will outline the different methods of payment where a bank would be involved. In this article, we refer to a ‘creditor’ as a ‘person/institution that you wish to make a payment to’. Cash You can pay a creditor with cash (notes and coins) which can exchange hands immediately. Cheque Cheques can be issued to the creditor which is usually accompanied by a cheque guarantee card. For large amounts, this can be the most secure method of payment compared to exchanging cash. Cheques can also be used to send payment via post conveniently. It is common for your account to be debited within five working days after the creditor deposits the cheque into their bank account. 1.A cheque is written (made payable to the creditor) and signed by you 2.The creditor deposits the cheque at their bank 3.After routine checks, the amount is debited from your bank account (within 5 working days) Switch Card (or Other ‘Debit’ Card) Switch is an electronic payment that is accepted b...