Cessation of SGD Corporate Chequebook Issuance
In line with this industry-wide initiative, we will cease providing SGD corporate chequebooks and bulk cheque services to corporate clients after 31 December 2025. Please note that we will also stop processing all SGD corporate cheques after 31 December 2026.
Key Dates
From 1 January 2026
All banks will stop issuing new SGD corporate cheque books, bulk cheque services and cheque self-printing services.
From 1 January 2027
All banks will stop processing SGD corporate cheques. Corporate cheque payees should present their SGD cheques for clearing before this date to ensure that their cheques can be processed.
We strongly encourage you to transition your payments to our wide range of efficient digital methods, such as FAST, MEPS+, and GIRO, available through our HLB ConnectFirst internet banking platform.
To ensure you have sufficient cheques before the cessation of issuance, please submit your Corporate Chequebook Requisition Form to the Bank by 10 December 2025. All requisitioned SGD corporate chequebooks will be issued to customers by 31 December 2025. Kindly note that standard Bank charges and postage fees apply for this issuance.
Should you require further clarifications, please contact your Relationship Manager.
Frequently Asked Questions (FAQ)
1. What happens if a corporate cheque payer issues a cheque in 2026, but the payee deposits the cheque in 2027?
- Banks will not process any corporate cheques from 1 January 2027. Corporate cheque payees must deposit all corporate cheques by 31 December 2026 to avoid such cheques being rejected.
- Should recipients of corporate cheques miss the deadline to deposit their cheques or have their cheques rejected, they will need to make alternative payment arrangements with the payer.
2. Will Cashier’s Orders remain available for corporates?
Yes, Cashier's Orders will still be available for corporates.
3. What are the fees involved in issuing and depositing cheques?
The standard bank charges will apply for issuing and depositing cheques.