1 hour ago1 hr Staff DISCONTINUATION OF SGD CORPORATE CHEQUESIn line with the transition to e-payments for cheque users, the following changes will apply to SGD corporate cheque services: • As of 1 January 2026: All banks have stopped the issuance of new SGD corporate cheque books, bulk cheque services and cheque self-printing services• From 1 January 2027: All banks will stop processing SGD corporate chequesRetail cheques, USD cheques and cashier’s orders remain available.For more information, please refer to the Frequently Asked Questions (FAQs) here.AVAILABLE E-PAYMENT METHODSIndividuals and companies may tap on two new e-payment solutions – Electronic Deferred Payment (EDP) and EDP+ – introduced from 28 July 2025 to make deferred payments in place of cheques.EDP and EDP+ complement existing e-payment methods like PayNow, FAST, GIRO and MEPS+, and can be used to make or receive payments.🚨Mark your calendars! Deposit your SGD corporate cheques early ahead of the 31 Dec 2026 deadline. Check with your respective banks on the early cut-off timings.If you are still receiving any SGD corporate cheques, ask your payer to start using e-payment methods instead.Make the switch to e-payments now: www.abs.org.sg/e-payments#SmartPaymentsMadeSimpler #SmarterBetterFaster #PaymentSolutions #DigitalTransformation #DigitalPaymentsCredit:
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