All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, MAS announced on Friday (28 July). (PHOTO: Getty) · payphoto via Getty ...
Despite falling out of popularity in recent years, the former darling of the overseas money markets should still be a part of your travel wallet. Once the darling of the overseas money markets, ...
A viral post claimed that the RBI has changed the guidelines for filling out cheques. The archived version of this post can be found here. Claim: The Reserve Bank of India (RBI) has revised the ...
Plans to phase out cheques from 2018 have faced renewed criticism. Conservative MP Andrew Tyrie, chairman of the Treasury select committee, said the banks' approach had been "high-handed" and the ...
—Write clearly and legibly and always use permanent ink pens such as a ball pen. —Ensure no alteration/amendment/erasure on the face of the cheque as banks will reject such cheques. —Begin writing the ...
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be ...
Lian Beng Group’s switch to e-payments transformed how it manages cash flow across more than 20 subsidiaries and thousands of ...
Even as the Liberals’ “tax holiday” bill moves closer to becoming law, the deputy prime minister on Friday lamented what appears to be a lack of support for the proposed $250 rebate cheques that were ...
Gerry Wheaton says he’s still in shock over how someone was able to steal personal cheques from his office, forge his signature, and successfully cash them at a bank. “If you look at these cheques you ...
Cheques cost more than you think. Processing costs, payment fraud, time delays, delayed funding, and high cheque-cashing costs can turn your financial situation into a nightmare. Cheque processing is ...