Select the Account which you have issued the cheque from. If you have a post-dated cheque, please deposit it on or after the date indicated on the cheque. POSB/DBS Cashback Bonus Account. You can deposit S$ and foreign currency cheques. Can I bank in a OCBC cheque to my POSB account? ... posb atm, basement 1 @ tiong bahru plaza singapore • posb bank tiong bahru singapore • The IRD serves as a notice of dishonour and replaces the original cheque. If 'and' is used, cheque can only be deposited to a joint alternate or joint all account belonging to you and the other person. Please clarify with the cheque issuer, Awaiting Banker's Confirmation: It is pending issuer's bank confirmation to release the payment. fill up your DBS/POSB account number behind the cheque. Cheque will be returned by registered mail to customer registered address in bank's record. Cash cheques can be en-cashed at the drawer’s bank. Locate a Quick Cheque Deposit Box near you or visit our 24/7, To ensure that funds are made available in time, please refer to. In such cases, you will have to liaise with the cheque issuer for the next course of action. Will the bank charge me if the cheque that I issued is returned? Instantly send and receive money, request for funds, pay bills and more through, Arrange payment to local organization or merchant on a regular basis via, You’ll be glad to know that DBS Remits allow you to perform same-day transfers at lower fees when you transfer money online to selected countries via Internet Banking. The payee portion of my cheque has my name and another person's name. • Deposit your cheque anytime without queuing at the Quick Cheque Deposit Box located outside each branch. Note:  If you need funds urgently or you want to transfer funds or pay bills conveniently, you may consider the following modes of transfer or payment: It depends if the word 'and' or 'or' is used between the names. Cheques are valid for 6 months from date of issuance, unless otherwise stated on cheque. No. Information is easy to understand and find, Information is useful to answer your inquiries completely, Terms and Conditions Governing Electronic Services. Will I be charged for depositing a foreign currency cheque? Yes. Do I need to provide my endorsement for clearing of overseas cheque? Both presented and unpresented cheques statuses outside of this period will show as "Details not available". Bounced cheque sounds fun but it really isn’t for both the issuer and the recipient. According to POSB, returned cheque fees are imposed on: Every bounced cheque – $40; Additional minimum overdraft interest fee of $20; Overdraft interest will be charged for: ; Quick Cheque Deposit (QCD) facilities are not available at closed branches during this period. A current account that is linked to your POSB savings account so you’ll always have a sufficient balance to clear cheques. Hi! Do leave your contact number, and write your full name clearly If in doubt, go and queue up and deposit your cheque in any DBS/POSB branch lo Human interaction, you know first hand. Important information. Cheques will be accepted for deposit but funds will be made available only on Tuesdays after 2pm. Remember to provide correct DBS/POSB account number and contact number of payee at back of cheque for the deposit. Contact support and we'll try to resolve your issue quickly. Click. Will the bank charge me if other currencies (non-SGD) and USD (non-local clearing) cheque that I deposited is returned because of unsuccessful clearing. POSB Current Account. Foreign Currency Cheque Deposit Local USD cheques are cleared for free. Yes. (s) which you would like to enquire on and click Next. … This was established on January 1, 1877, and is Aug, 2019. ; Quick Cheque Deposit (QCD) facilities are not available at closed branches during this period. When will my account be credited for cheque deposit? It is today part of the DBS Group, a Singaporean financial services group that operates in 15 markets including Honk Kong, Taiwan and China. Do I need to provide documents to support the clearing of overseas cheque? Enquire your cheque status that you have issued or deposited in the past 6 months. Locate a Quick Cheque Deposit Box near you or visit our 24/7 digital lobbies! Foreign Currency cheques will be sent for clearing and your account will be credited after the proceeds are available. Ensure that your full name, date, amount in words and figure (which tally) and issuer's signature are completed on the front of the cheque. The amount credited will be net of agent charges, postage, commissions and any other fees (where applicable). Our first priority is helping you and your family save for the future. I mean throw the cheque into the "cheque box" outside POBS or DBS? Note: IRD must be presented back to the same bank. • Deposit round-the-clock at Cash Deposit Machines and Coin Deposit Machines. Min deposit/withdrawal amount - S$10 per card; Max deposit/withdrawal amount - S$5,000 per card Find a Cheque Deposit Service. 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. 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