What is a Cheque?
It is made up of two services; iB Cheque for local currency payments and Demand Draft for foreign currency payments. Please see below for the features of each one.
What services does iB Cheque PayEasy provide? Demand Draft - allows DBS iBanking users to purchase a foreign currency Demand Draft online, and mail it to any individual or organisation locally or abroad. For a step-by-step guide to using this service, please see our help pages here.
What are the advantages of the iB Cheque service? Using the "iB Cheque" facility has the following advantages: You can send out a cheque even though you do not have a Current account.
Convenience of sending out your cheques anytime, from anywhere. Another way to make payments with your Cashline account. You do not need the bank account details of the party you wish to pay. Greater convenience as the bank will mail out the iB Cheque on your behalf. Who can use this facility?
Do I have to pay for using this facility? This service will be free with effective 04 May Who can I pay using the iB Cheque service? You can pay any person with a valid Singapore postal address and a valid bank account with a Singapore bank. The iB Cheque can only be deposited directly to the payee's account with a bank in Singapore, and it cannot be cashed out at the branch.
Can I pay my bills using the iB Cheque service? Yes, the iB Cheques can be addressed to local organizations for payment of your bills. For example, credit cards, telephone, utilities bills etc.
How will the individual or organisation receiving the iB cheque know what it is for? You can state the purpose of payment in the 'Comments' field when you apply for the iB Cheque. The comments entered will appear in the payment advice attached to the iB Cheque.
The payment advice will also contain your name and the type of account you have used to fund your iB Cheque. Your account number will not be revealed.
How long is the iB Cheque valid for? Each iB Cheque shall be valid for a period of two 2 months from the date printed on the iB Cheque. What happens after the iB Cheque expires?
The cheque amount, less the non-refundable commission charge, will be refunded to the debiting account or other account with DBS Bank, and a notice of refund will be sent to you by ordinary post. Which of my accounts can I use for issuing an iB Cheque? You can use of any of your current, savings or Cashline accounts to purchase an iB Cheque.If the cheque is presented for payment before the date mentioned in the cheque, it will be returned with the reason ‘postdated cheque’.
Write the right name of the payee Succeeding the date row, the next row begins with the word ‘PAY’ and ends with the word OR BEARER. Place the check in front of you on a writing surface, grasp a working pen (pencil will not do) and follow the lines available, placing the appropriate information in the space s provided.
Start. Writing checks used to be a habit for many people.
But with debit cards, online banking and mobile payments, it’s now a bit of a lost art. If you need help with how to write a check. New Delhi: Reserve Bank of India (RBI) has issued guidelines for writing lakh on cheque and not lac, reports said here on Monday.
For more news updates Follow and Like us on Facebook TAG RBI orders for writing lakh on cheque not lac. If your check still hasn’t been cashed after 60 days, you’ll see a "Reissue payment" link next to the check’s status.
Click Reissue payment and confirm that you want to reissue the payment. A new line item appears showing that the check has been stopped and that your reissue is in progress. A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been ashio-midori.com person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing .