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In the last decade, online banking, Chip & PIN and contactless payments have made the process of paying for goods and services slicker than ever.

It seems this progress has not been lost on a number of our customers, as the volume of electronic payments we receive has practically doubled in the space of a year.

Despite this, more than 80% of the payments we receive are still by cheque. That adds up to a lot of customers who are missing out on the excellent benefits that come from paying electronically.

See what you're missing

The fundamental advantage of paying this way is the time that it saves; from ordering the policy through to receiving the policy documentation.

When you pay by cheque, we have to wait for it to arrive in the post and for it to be banked, before we can issue the policy. On the other hand, if you choose to pay electronically (also known as Faster Payments) we receive the payment much faster – sometimes almost instantly. In fact, it's not uncommon for documents to be issued within a couple of hours of the policy having been ordered.

And of course, another useful advantage is that paying online means you make a small saving on postage each time. OK, it may not amount to much, but as your granny used to tell you; "look after the pennies and the pounds will look after themselves!"

Paying electronically is quick and simple to arrange, and details of how to pay this way are provided when a policy is ordered. If you do have any questions, however, please feel free to get in touch with our Finance team on 01603 617617 or email finance@cli.co.uk.