Cheques will clear within one day instead of up to six under a new faster payment plan starting on October 30. Under the new system, you’ll be able to withdraw the funds by midnight the next weekday. However, many banks will allow customers to access funds earlier than this. Cheques will be paid in using a digital image, rather than sending them back to the issuing bank. Some banks will also give customers the option of paying in a cheque via a mobile banking app on their smartphone or tablet.