Cheque Clearing; Cheque Clearing Understand when you should deposit your cheque to ensure that funds are made available in time. Q1. 4.2. With CTS, cheques are scanned when deposited and their electronic images, instead of the physical cheques, are transmitted throughout the entire clearing cycle. I receive an OCBC cheque. 1) Ocbc cheque - this is the best cheque to mark at Ocbc because you can do it at any branch, every day except for Sunday (new restriction) and at any time, there is no cut off time. from Monday to Friday (except public holidays). 108 0 obj <> endobj Therefore, clearing of funds will be from Mondays – Fridays only. Cheque Services Term Deposit Stop/Cancel Post-Dated Items Terminate Recurring Items All transactions sent outside processing hours will be processed only at the next available processing day. Please clarify with the cheque issu Notice for Cheque Deposit and Funds Availability Time. Meaning I bring the OCBC Cheque to the POSB Bank's Teller Girl and deposit the cheque money into my POSB bank account. h�b```a``Vf`e`�_� € "�l@Y�U ��_˦ ?q�׍�!�Eb��"6��@€��u� (��c���ϰ��E��ކ��=�6��q(^()���a�����{�;�=��}b�0�6���)��e�'�L�(���s��@�!�T��,�Ȁ 3��:�eL�&�@:�TY1l=5�7@� ��6� What are the details I need to provide on the cheque to deposit? HDFC Bank has changed its operation timings from 10.00 am to … The Time Deposit placement will take effect in 2 working days. Can I bank in the OCBC cheque at a POSB Bank? Common cheque returned reasons: Refer to drawer: Clarifications have to be sought from the person who issued the cheque. Cheque- Printing Software, Direct Debit, FPX, GIRO, DuitNow, Bulk Cheque Service, OCBC OneCollect Service, Trade Finance Products & Services and any other services as may from time to time be introduced and/or made available by the Bank, and all variations or supplemental services as may be provided by the Bank from time to time. Here is the OCBC Bank Singapore Opening Hours: 09:00 - 16.30 Or 11:00 - 19:00. Doing this saves customers roughly 60% of the time usually spent queuing as OCBC estimates using the ATMs for this process takes roughly three to five minutes. There are other charges for transactions such as cheque clearing, cheque returns, or replacement of lost cheque books OCBC business account closure If you need to close your OCBC corporate account, you can do so in branch or by completing the ocbc corporate account closure form and mailing it back. 3. 23 Serangoon Central, #B2-28/29, NEX Mall Singapore 556083 Hours: Monday-Sunday 11am-7pm Additional Services: Premier Banking Centre; OCBC Bank Jurong Point Receive a single credit entry for multiple cheque deposits (view in OCBC Velocity) Flexibility. Customers can deposit e-Cheque to OCBC Wing Hang accounts (including bank accounts and credit cards) through the e-Cheque Drop Box Service provided by Hong Kong Interbank Clearing Limited. Cheque clearing cycle example. The cheque clearing example below will help you work out when your money begins to earn interest, when money can be used, and when you can be sure that the cheque has cleared. Meaning I bring the OCBC Cheque to the POSB Bank's Teller Girl and deposit the cheque money into my POSB bank account. Customers can deposit e-Cheque to OCBC Wing Hang accounts (including bank accounts and credit cards) through the e-Cheque Drop Box Service provided by Hong Kong Interbank Clearing Limited. The cut-off time for e-Cheque Drop Box Service is 5:30p.m. endstream endobj 109 0 obj <>/OCGs[143 0 R]>>/Outlines 89 0 R/OutputIntents 104 0 R/Pages 103 0 R/StructTreeRoot 100 0 R/Type/Catalog>> endobj 110 0 obj <>/Resources<>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/Rotate 0/Thumb 54 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 111 0 obj <>stream With the introduction, beneficiaries of outstation cheques will be able to use the funds within a shorter period of time, compared to the current dayhold of 5 to 8 working days. All sterling cheques are processed via the Image Clearing Scheme – this scheme is much faster than the previous Paper Clearing Scheme and operates a two-business-day clearing cycle. What are the details I need to provide on the next working.! Cheques collection Service is 5:30p.m transactions received before cut-off time for e-Cheque Drop Box Service is 5:30p.m time time! 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