Dear Customer,

IMPORTANT INFORMATION

We had previously informed you of the announcement by the Monetary Authority of Singapore and the Association of Banks in Singapore that banks will cease processing SGD corporate cheques from 1 January 2027. However, cheques issued by individuals, cashier's orders and USD cheques will continue to be processed.

Our bank has decided that all cheques (including SGD and USD cheques) for both corporate and retail customers, will no longer be processed w.e.f. 15 December 2026.

AS THIS CHANGE APPROACHES, PLEASE NOTE THE FOLLOWING:

• 1
  You may wish to inform your payer to tap on existing e-payment methods – such as PayNow, Fast And Secure Transfers (FAST), Inter-bank GIRO System and MEPS+ – instead of cheques. These are readily available via the digital banking platforms of major banks in Singapore.
• 2
  Please deposit all cheques received, regardless of their issue dates, as early as possible and no later than 15 December 2026, subject to the applicable cut-off time.
• 3
  If you miss the cut-off time on 15 December 2026, or receive one on or after 15 December 2026, please approach your payer to arrange for an alternative payment method. Likewise, if a cheque you have issued is not deposited before the above date, you will need to arrange an alternative payment method.
  
  Please do not issue cheques from 15 December 2026 as they will not be processed.
• 4
  All SGD payments will be effected via the Inter-bank GIRO System and/or MEPS+.
  All USD payments will be effected via SWIFT.