Cheque Clearing Cycle |
– Cheques paid in before 2 pm will be processed on same day
– Cheques paid in after 2 pm will be processed on next working day
– Customers will receive value for interest purposes 2 working days after deposit (for current, saving and deposit accounts)
– Customers will be able to withdraw funds 4 working days after deposit (for current accounts)
– Customers will be able to withdraw funds 6 working days after deposit (for saving and deposit accounts)
– Any cheques delayed or unpaid must be debited to the beneficiary no later than 6 working days after deposit
Mon | Day of Deposit | Cheque Paid-in before 2pm | Account Type |
Wed | 2 days after | Receive value for interest purpose | Current, saving and deposit accounts |
Fri | 4 days after | Cheque cleared for withdrawal | Current accounts |
Tue | 6 days after | Cheque cleared for withdrawal | Saving and deposit accounts |
Tue | 6 days after | Any cheques delayed or unpaid must be debited to the beneficiary no later than this date | All accounts |
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