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Cheques
 

1. Cheque Clearing Time

Please refer to the table below for the cut-off time.

Cheque Received Cut-off Time (excluding Public Holidays)

Currency

Cut-off Time

Day

Remarks

Via Cheque box

Over the counter

SGD Cheque

1:00PM

1:30PM

Mondays - Fridays

No clearing on Saturdays, Sundays or public holidays

Local USD Cheque

12:00PM

12:30PM

Mondays - Fridays

If you deposit the cheque before cut-off time, the fund will be credited to your account in the next working day (after 2:30pm); If you deposit the cheque after cut-off time, the fund will be credited to your account in the next two working days from date of deposit (after 2:30pm).

2. Fees and Charges

Cheque Charges

Issuance of Cheque Book

USD10/SGD15 per cheque book + overseas postage fee where applicable

Returned Cheque

USD25/SGD30 per piece

Stop Payment Cheque

USD25/SGD30 per piece

3. Reminders

(1) On the front of the cheque

Please provide the payee’s full name as per bank's record, date of issue, amount in words and numerical (which tally) and ensure the issuer's signature is completed.

Please cross the cheque if it is not meant to be encashed.

Please cross out the word “Bearer” on the cheque if it has to be paid only to the intended payee.

(2) On the back of the cheque

Please provide the payee's full name as per bank's record, payee's account number and contact number.

(3) Please do not deposit stale-dated or post-dated cheques into the Cheque Deposit Box.

Please contact our Customer Service Hotline at 6369 5588 (7*24) if you require any assistance.


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