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 ...

Add articles to your saved list and come back to them any time. The email was irate as well as incredulous: “I was shocked to receive a letter from my bank telling me the federal government are ...

The RBI announced on Wednesday the introduction of continuous clearing and settlement of cheques, dropping the current approach of batch processing. Under the new system, the clearing cycle will be ...

—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 ...

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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 ...

The Central Bank of Malta has issued a directive that will come into force in 2022 introducing regulations on the use of cheques and bank drafts. The main changes include a prohibition of cheques ...

Muscat: Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, has announced the implementation of ...

The Reserve Bank of India (RBI) has asked commercial banks not to treat ATM transactions failing for technical reasons as well as non-cash withdrawal transactions - such as balance enquiries or cheque ...

In Tunisia, where the average monthly salary hovers just around 1,000 dinars ($320), people have long relied on post-dated cheques to make purchases by paying in increments over months. Unlike many ...

The new regulation on bouncing cheques, which came into force on February 5, is expected to address people’s concerns about such negotiable instruments without sufficient funds on the issuers’ ...