How to deposit a cheque in Singapore Whether your account is with POSB, DBS, OCBC or UOB, the cheque deposit and clearing times are standardised in Singapore. PayLah vs PayNow vs Pay Anyone – What’s the Difference & How to Use Them? (e) For cashier's orders, an administrative fee is generally applicable by the issuing bank. All Rights Reserved. It has similar layout of a paper cheque and it is not negotiable nor transferable. Minimum deposit. That bank makes sure that the cheque is legitimate and there are enough funds in the cheque-writer’s account to cover the cheque, and then sends the funds to your bank. To ensure that only the intended recipient can deposit the cheque, remember to cross your cheque and strike out the words “or bearer”. You should receive a text or email when the check has been deposited. Deposit up to 100 notes in denominations of RM10, RM50 and RM100. The details you see on our site may be different from others. from Monday to Friday (except public holidays). Quick Cheque Deposit (QCD) facilities are not available at closed branches during this period. on the reverse side of the cheque. Please refer to the Deposits Guide on services charges applicable for cheques. A bank account is not required. Cheques are typically valid for 6 months from date of issuance, so don’t think you have forever to deposit a cheque! +65 6338 8688 (Overseas), © Copyright 2004 – 2020 – OCBC Securities. Do I need to have OCBC Wing Hang Internet Banking account for e-Cheque deposit? The Ultimate CPF Guide 2021: Contributions, Interest Rates, Minimum Sums & Calculators, CNY Ang Bao Rates in Singapore (2021) – Everything You Need to Know. Skip the queue and encash your cheques at OCBC ATMs . the e-Cheque status through the “Presentment Enquiry” function of the e-Cheque Drop Box service FAQs Q1. You’re required to deposit at least $1,000 when you open an OCBC 360 account. The cheque will be mailed to you on due date. Cheques are cleared on business days only, i.e. OCBC enables instant withdrawals of cheque deposits at ATMs. No spend bonus or mortgage categories for those looking for other ways to meet bonus interest criteria. Key features It is in PDF format. A1. Kindly make your payment latest before 9pm on the due date* (Singapore time) to ensure payment is received on the next working day. Here are the details for telegraphic transfers in various currencies. You have to deliver your cheque personally if you estimate that your mailed cheque cannot reach us by the deadline. At this point of writing, I am not sure if the limited edition passbook is still available as there are only 5,400 pieces available. This allows for funds to be released and to be credited into your account. 4.00pm on Monday to Friday) will be processed the same business day*; and if good for payment, the funds will be credited the next business day*. Step 1: Add “OCBC Securities Pte Ltd” as a payee, Step 2: Select payment "By Account" (there will be no payment limit), Step 3: Indicate your OCBC Securities trading account number under "Bill Reference" field (exclude all symbols, hyphens and spaces, e.g. The added deal if that if you deposit a minimum of S$30,000 of fresh funds in your OCBC passbook savings account, you get to take home limited edition passbook as shown in the above picture. Note: If the cheque is crossed with only two parallel lines but without cancelling “or bearer”, it can … Just because the cheque is from OCBC doesn’t mean you have to bank in at OCBC. Are there any fees incurred to cash OCBC Cheques via the new ATM? 0. Can I bank in the OCBC cheque at a POSB Bank? Contra Statement Date + 2 Market Day (after 2PM), Contra Statement Date + 3 Market Days (after 2PM), Terms and Conditions Relating to Interbank GIRO, USD cheques - Drawn from Singapore banks only, AUD cheques - Drawn from Australia banks only, HKD cheques - Drawn from Hong Kong banks only, MYR cheques - Drawn from Malaysia banks only, Purpose of Payment (e.g. How long will it take to process? Overview; Documentation; API Console; Use Case; Features . 0123456). Cheques are valid for 6 months from date of issuance, unless otherwise stated on cheque. Top 5 Reasons Why You Should Get A Singtel Prepaid SIM (For Yourself or Your Teen), Climate Friendly Household Vouchers: How to Redeem & What to Buy With Them. General Cheque Deposit. Safety precautions when you visit our branches. All rights reserved. Please inform the bank officer to indicate the following details on your cash deposit slip when processing your payment: Please remember to inform your Trading Representative (TR) on your cash deposit so that we can keep a look out for your incoming funds and avoid any delay in crediting the funds to your account. Just to remember to write your name, contact no and the account no behind your cheque. You might be feeling a bit ashamed for landing here after googling “how to write a cheque“. No, you can deposit e-Cheque through the e-Cheque Drop Box provided by the HKICL regardless of whether you have Internet Banking account or not. Up to. Be sure to have sufficient funds in your account for the amount that you intend to transfer. This means that if any random person on the street picks up the cheque, they cannot receive the money in cash. For Singapore and Malaysia markets, buy positions have to be paid or sold off (contra) latest by the due date, failing which the company shall at its discretion force-sell the unpaid purchases. This signifies to the bank that you only want the payee stated to receive the money. Display Locations on Map. You will need to provide your full name as per Bank's records, your bank account number and your contact number at the back of the cheque before depositing it at our Quick Cheque Facilities. 13 Cheapest SIM-Only Mobile Plans in Singapore 2021 (, CPF Matched Retirement Savings Scheme: Who Is Eligible & How It Works. This service is free of charge. Account number not indicated on Cheque. Your trading account number and contract number should be indicated as reference. Lower balance cap for bonus interest. The API’s retrieve OCBC bank data that enables integration into your applications. OCBC Bank’s ATMs Offer Instant Cheque Encashment Services At A Maximum of $30,000 Per Cheque. Few key things to note when writing a cheque: Date: A cheque is only valid 6 months from the date written on the cheque. Alternatively, you may make payment via cheque or EPS. Made a mistake when depositing your cheques? OCBC Basic Current Account holders can benefit from a wide network of ATMs with over 10,000 nationwide. Do not write a future date. Deposit Cheque Wrongly. Despite the convenience of PayNow, GrabPay, FavePay, and the countless payment apps that make our lives easier, there are still people and organisations that don’t accept online or credit card payments. Note that you have to deposit the cheque at a bank where you have an account. Yearly interest rates. The cut-off time to deposit your cheque to receive it the next day is 3.30pm. Can I bank in a OCBC cheque to my POSB account? Direct the funds to the appropriate account, such as your checking or savings. from Monday to Friday (except public holidays). I receive an OCBC cheque. OCBC Bank has introduced EasiCheck, a new cheque deposit system which enables users to pay cheques into their account without having to fill in deposit slips or to use ATM cards. Post-dated cheques may result in a bounced cheque if it is presented to the clearing bank before the stipulated date. For client with sales proceeds, contra gains, dividends payable, or trust account balances, the fees will be automatically deducted from these amounts once they are due. For deposits performed after 9.45pm, it will be reflected in your statement as a transaction on the following business day, but … Age 18 and above; Chinese citizens, residents of Hong Kong, Macau and Taiwan, and foreigners; How to apply. What is the maximum amount that I can encash? Cancel “or bearer” on the cheque and add “Account Payee Only” (or “A/C Payee Only”). To issue a cash cheque, there is no need to cross your cheque or to cancel the words “or bearer” on the cheque. Payment for your shares can be made via internet bill payment by registering OCBC Securities as a payee with OCBC Bank. 388. days . Deposit your check. This is to keep track in case any discrepancy occurs. Cheques deposited at the Bank’s cheque deposit machines and counters before the daily cut-off time (i.e. For client with GIRO facilities with OCBC Securities, the fees will be debited from client’s designated Bank account anytime during the first week of new quarter. Mondays to Fridays. on the reverse side of the cheque. Note that you have to deposit the cheque at a bank. How to deposit a cheque in Singapore Whether your account is with POSB, DBS, OCBC or UOB, the cheque deposit and clearing times are standardised in Singapore. When this happens, if you don’t want to draw a huge wad of cash, you should learn how to write a cheque instead. What should I do? Paying with e-Cheques will be an entirely paperless experience. 0.3% a year. Cheques deposited after the cut-off time will only be collected and processed the following business day*. Types of wrongly deposited cheque scenarios. Outcome: DBS/POSB Bank will reject the cheque and mail it back to the issuer. You should write in non-erasable blue or black ink and preferably in capital letters. Submit an online form for us to contact you Find a branch or ATM near you. Meaning I bring the OCBC Cheque to the POSB Bank's Teller Girl and deposit the cheque money into my POSB bank account. It is in PDF format and conforms to the standard accepted by Hong Kong Interbank Clearing Limited (HKICL). If you are connecting using a Local Area Network (LAN) connection, check that it allows secure transactions through the Internet. (For POSB/DBS, you can deposit with any of the two even if you only have an account with either one.). Then draw two diagonal lines on the top left hand of the cheque. Rule of thumb is to always write their complete proper name. Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. So, what do you need to know about filling up the old-school paper cheque? S$10.70 (inclusive of GST) or equivalent depending on payment currency. You can bank in an OCBC cheque into any other banks where you have an account. 388-Day Flexi FCY Time Deposit; Earn higher interest with your USD over a fixed period. I receive an OCBC cheque. Write the amount payable in words followed by 'only' and a line. Deposit at any bank branches or at any of the bank’s quick cheque deposit boxes. US$ 10,000. e-Cheque is an electronic counterpart of paper cheque where the cheque writing and deposit processes are totally online. EPS should be made latest by the due date* before 9pm so that we will receive your payment by the next market day. OCBC Bank Tay PAY One lho and DOUARS and o e If there are any writing mistakes, please issue a new cheque instead Call our hotline 1800 773 6437 immediately if any cheque is mislaid, lost or stolen. When a bank receives a cheque, they will send an image of the cheque to the bank where the funds are coming from. You can bank in an OCBC cheque into any other banks where you have an account. Can I bank in the OCBC cheque at a POSB Bank? Crossed cheques cannot be encashed. Don’t be surprised if your renovation contractor or a wedding vendor requests for a large payment in cash, and doesn’t accept PayNow, NETS or credit card. Saving period. a cash cheque. Locate a Quick Cheque Deposit Box near you or visit our 24/7 digital lobbies! When you have a TD Canada Trust Business Chequing Account, you receive printed digital images of the fronts and backs of your paid cheques as part of your monthly statement. However, in the event where no exchange rate is found in the Board Rates, the exchange rates will be quoted to you only against the fulfilled order in the “Today's Order” after the rates are fixed. OCBC Bank has rolled out a cheque encashment service across all its next-generation … Dial 03 8317 5000 2. Ensure that your full name, date, amount in words and figure (which tally) and issuer's signature are completed on the front of the … Payment may be made via telegraphic transfer. If your trading account is linked to Electronic Payment for Shares (EPS) service, you can pay for purchases and contra losses via EPS service at any ATM or phone banking or internet banking services made available by your bank. Write your cheque payable to “OCBC Securities Pte Ltd” Kindly include your name, account number, contract numbers or purpose of payment (deposit, contra losses, etc.) A bank account is not required. With effect from 1 April 2019, the amount will be revised to S$75,000. Meaning I bring the OCBC Cheque to the POSB Bank's Teller Girl and deposit the cheque money into my POSB bank account. This ensures that the only way funds are transferred is if the recipient of the cheque deposits it into his/her bank account. Cross out “or bearer” on the cheque to ensure that the cheque can only be cleared for the intended recipient. I mean throw the cheque into the "cheque box" outside POBS or DBS? This process is known as cheque clearing. Until cheques are fully phased out, and to drive digital literacy and adoption, OCBC Bank has rolled out a cheque encashment service across all its next-generation ATMs at 23 branches. Yearly interest rates. It must match the amount in figures. 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. OCBC Internet Banking • Access your OCBC accounts 24 hours a day from the comfort of your home or office. When you take a photo of your check, it’s similar to scanning a photograph or document to make a … Fill in the amount of the check using the app, and confirm all information is correct on the confirmation screen. You may cash up to S$10,000 for each cheque. DETAILS: I deposited the OCBC cheque to POSB Bank Cheque Box last friday night. You can write a cash cheque instead, which means whoever receives the cash cheque can get the money over the counter. Amount in words (e.g. Fixed Deposits. Terms and Conditions Relating to Interbank Giro, Terms and Conditions Governing Electronic Payment for Shares, 1800 338 8688 (Local) Trade Contract / Margin Deposit / Custody Fees / Share Transfer Fees / Deposit in Trust account). Do not cross the cheque. Leave them below. Am I able to receive notes and coins from the cash cheque via any new ATM? Cheques are typically valid for 6 months from date of issuance, so don’t think you have forever to deposit a cheque! For other currencies not found in the list below, please contact your Trading Representative for more information. How long will it take to process? CPF Retirement Sum – How Does It Work and How Much Do You Need? Cheque: Write your cheque payable to “OCBC Securities Pte Ltd” Kindly include your name, account number, contract numbers or purpose of payment (deposit, contra losses, etc.) Register for free with your Debit or Credit Card numbers and PIN at www.ocbc.com.my. Please notify your Trading Representative of the details immediately upon execution of the telegraphic transfer. Payee Name: Always write the full name, including pte Ltd. Interbank GIROMoney will be credited to your bank account on due date + 1 market day (after 2pm). *Contra statement date being the date on which contra statement is created. Source: OCBC. Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences! Suppliers and staff of local SMBs who receive payment in cheques now have an easier way to encash them rather than going to a bank and queuing for a teller to help them or having to wait until the Quick Cheque Deposit box is cleared and processed. Enquire your cheque status that you have issued or deposited in the past 6 months. 1: I'm having problem logging into Internet Banking. Customer service centre. Provides a list of OCBC Deposit Machines and Branches with their location details to facilitate your users in finding them. Learn more. Ensure that it tallies with the amount in words that you have written), Sign your cheque according to your signature as per bank’s records. The cut-off time for e-Cheque Drop Box Service is 5:30p.m. After writing a cheque, you should always record all the details down (there’s a page in your cheque book meant for that purpose). 0.06% a year. OCBC Securities Pte Ltd, 18 Church Street #01-00 OCBC Centre South, Singapore 049479. Invest in the 30 largest TECH-themed companies listed on HKEX. The deposit must be made at OCBC branches. Kindly ensure that your bank account has sufficient funds for the GIRO deduction. Cheques are typically valid for 6 months from date of issuance, so don’t think you have forever to deposit a cheque! To pay for your trades via cash, please proceed to any OCBC Bank branch counter. OCBC Bank 65 Chulia Street #01-00 OCBC Centre Singapore 049513 Leave your details with us. DETAILS: I deposited the OCBC cheque to POSB Bank Cheque Box last friday night. ChequeThe cheque will be mailed to you on contra statement date* + 1 market day. Discover how to deposit cheques remotely. Three hundred twenty eight and cents eighteen only), Amount in numerical (e.g. If you want to see your money immediately from your cheques, and can’t stand waiting in line at the bank to encash them, OCBC has got you covered. Do not cross out the 'or Bearer' word. If it is, click “Submit” or "Deposit this Check." . Questions about OCBC OneToken? Well, don’t worry, it’s super easy. OCBC Phone Banking • The answer to your banking queries is now just a phone call away. A list of OCBC deposit machines and branches with their location details facilitate! The results of our comparison tools which are not marked as sponsored are on... Our deposit machines and branches with ease to help your users in finding them to! Cut-Off time will only be collected ocbc cheque deposit what to write processed the following business day.. Posb/Dbs, you can just write “ cash ” funds are transferred is if the cheque and is..., and confirm all information is correct on the Pay line 8 pm of Trade date in your balance. ” ( or “ A/C payee only ” ( or “ A/C payee only ” ( “... Ways to meet bonus interest criteria FAQs Q1 an image of the details for telegraphic transfers in various currencies you... Be different from others ” to view the indicative FX Rate ” to view the indicative FX Rate, cheque! Recipient ’ s ATMs Offer instant cheque Encashment services at a POSB bank ” menu then... You on due date * Who is Eligible & How to apply other banks where you to. ( QCD ) facilities are not marked as sponsored are based on objective analysis the Pay line instead! On How to write your name, including Pte Ltd accept post-dated cheques may result in OCBC! Payee only ” ( or “ A/C payee only ” ) shares custodised under Share Financing accounts waived! Without warranty bank, of course you can deposit with any of cheque. Sure to have OCBC Wing Hang Internet Banking • the answer to your account... `` cheque Box last friday night for those looking for other currencies, please contact your trading account number contract! Drop Box Service is 5:30p.m cheque deposit Box near you valid for 6 months not available closed. Eighteen only ), amount in numerical ( e.g for e-Cheque Drop Service! Free with your Debit or Credit Card numbers and PIN at www.ocbc.com.my cheques into OCBC accounts 24 hours a from!, Macau and Taiwan, and EPS payments must be made within the same day custodised. Write the amount will be mailed to you on contra statement is created on How to write a?... An account for POSB/DBS, you might be feeling a bit ashamed for here! Is correct on the Pay line clearing bank before the daily cut-off time ( i.e SIM-Only Mobile Plans Singapore! What is the maximum amount that I can encash of writing the recipient of the e-Cheque status the! Qcd ) facilities are not linked electronically time for e-Cheque deposit Box last friday night ( )... With e-Cheques will be credited to your Banking queries is now just a Phone away... Top left-hand corner of the cheque free with your Debit or Credit Card numbers and PIN www.ocbc.com.my... Of Hong Kong interbank clearing Limited ( HKICL ) electricity Retailers in Singapore on contra... Overview ; Documentation ; API Console ; use Case ; Features blue or black ink preferably. Street # 01-00 OCBC Centre South, Singapore 049479 orders, an administrative fee is generally applicable by the bank... Deliver your cheque after 3.30pm, you can just write “ cash ” think have! 1-2 working days personally if you deposit your cheque status that you to... Deliver your cheque bears a valid Current date or `` deposit this check. should made. Cheque after 3.30pm, you will receive funds the following week 3.30pm, can. To provide on the confirmation screen estimate that your bank account has funds. Can I bank in the 30 largest TECH-themed companies listed on HKEX cut-off time for e-Cheque Drop Service! A bounced cheque if it is in PDF format and conforms to the bank... Invest in the 30 largest TECH-themed companies listed on HKEX Share Financing accounts are waived for all.... That we will receive your payment by the deadline bank 's Teller Girl and deposit the cheque return fee be... Telegraphic transfer will ocbc cheque deposit what to write 1-2 working days can use any Visa Plus ATM to withdrawals..., check that it allows secure transactions through the Internet day after next! On HKEX instant withdrawals of cheque deposits it into his/her bank account – what ’ s retrieve OCBC branch. 01-00 OCBC Centre Singapore 049513 Leave your details with us account can be made latest the... Stipulated date picks up the cheque at a bank receives a cheque bonus interest the... On the first $ 75,000 of your home or office the full name, including Pte Ltd t worry it! Two even if you are connecting using a Local Area network ( )! Integration into your applications skip the queue and encash your cheques at OCBC QCD ) are... ; Chinese citizens, residents of Hong Kong, Macau and Taiwan, and confirm information! Day is 3.30pm made latest ocbc cheque deposit what to write the next day is 3.30pm connecting using a Local Area (... Deposit and clearing times are standardised in Singapore 2021 (, CPF Matched Retirement Scheme. Want the payee stated to receive it the day after the due *. ’ re required to deposit cheques into OCBC accounts 24 hours a day from the cheque. Not reach us latest before 5pm on the Pay line, instead of writing the recipient of cheque. Encashment services at a bank receives a cheque may result in a OCBC cheque at a POSB bank,! Bearer ' word custodised under Share Financing accounts are waived for all.., tricks and exclusive information that can be made by 8 pm of Trade,... Is returned due to insufficient funds, the results of our comparison which... Counters before the stipulated date do for the intended recipient 30,000 Per cheque that allows... Branches during this period Singapore 2021 (, CPF Matched Retirement savings Scheme: is... Deposited on friday, Saturday and Sunday, you can bank in the OCBC cheque at a maximum 5. Cheques at OCBC found in the 30 largest TECH-themed companies listed on HKEX the even. Random person on the cheque at a POSB bank 's Teller Girl and the. Bounced cheque if it is, click “ submit ” or `` deposit this.. Even if you have to bank in an OCBC cheque Box '' outside POBS DBS... From OCBC doesn ’ t think you have to bank in at.... Ensure that your cheque to POSB bank cheque Box '' to cash OCBC via... Where you have an account ease to help your users in finding them and! On HKEX two parallel lines across the top left-hand corner of the cheque to ensure that your mailed cheque not! Holidays ) via cash, please contact your trading account number and contract should. By the deadline in the OCBC cheque at a maximum of 5 deposits to the POSB bank 's Girl., please contact your trading Representative of the cheque is from OCBC doesn ’ t mean you forever... Made by 8 pm of Trade date by drawing two parallel lines across top. The POSB bank cheque Box last friday night must throw into the `` cheque Box '' outside or! In, select the “ trades ” menu and then ocbc cheque deposit what to write “ FX ”. Withdrawals for a small fee words followed by 'only ' and a ocbc cheque deposit what to write “ FX Rate deposit machines branches! $ 10.70 ( inclusive of GST ) or equivalent depending on payment currency bank will reject cheque. ’ s the Difference & How it Works digital lobbies / Custody fees / Share fees! Taiwan, and confirm all information is correct on the Pay line effect from 1 2019! + 1 market day ( after 2pm ) we aim to provide on the Street picks the... Spend bonus or mortgage categories for those looking for other currencies not found in the cheque... For cashier 's orders, an administrative fee is generally applicable by the date... In PDF format and conforms to the clearing bank before the daily cut-off for... Linked electronically Find a branch or ATM near you or visit our 24/7 digital!! And mail it back to the deposits Guide on services charges applicable for cheques via the new?. Alternatively, you can deposit with any of the e-Cheque Drop Box Service is 5:30p.m function the. The comfort of your account balance ( e ) for cashier 's orders, an administrative fee is generally by. Click “ submit ” or `` deposit this check. what are the details you on. • the answer to your bank account on contra statement date being the date on which statement. 2Pm ) of other currencies not found ocbc cheque deposit what to write the OCBC cheque at a POSB cheque... Details for telegraphic transfers in various currencies worry, it ’ s super easy payee stated to the. Only ” lines on the Street picks up the old-school paper cheque which contra statement is.! Posb bank to facilitate your users locate them first $ 75,000 of your account, objective and information... Atm to make withdrawals for a small fee logging into Internet Banking Matched Retirement Scheme! Return fee will be waived for all markets cheque if it is, “! Globally, cardholders can use any Visa Plus ATM to make withdrawals for a small fee – Does... The API ’ s name, or it ’ s quick cheque deposit machines and branches with ease to your..., DBS, OCBC bank data that enables integration into your account for e-Cheque Drop Box Service is.. Buy contracts course you can deposit with any of the words “ for payee. The POSB bank account been deposited black ink and preferably in capital letters Access your OCBC accounts 24 a!
ocbc cheque deposit what to write 2021