- Posb Cheque Deposit Location
- Posb Cheque Deposit Machine Near Me
- Posb Cheque Deposit Time
- Posb Cheque Deposit Time
- Posb Cheque Deposit Nearby
Deposit Insurance Scheme 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$75,000 in. The DBS/POSB cheque deposit cut off time is 3.30 pm and the fund is usually available for use the following day after 2 pm. The collection timing is as shown below: There will not be collection on Public Holidays.
Do you like to receive cheques? I sure do! It means money is coming into my bank account.
But, how to bank in cheque?
I always forget what to write on the reverse side of the cheque every time I want to drop cheque.
With this article on hand, it will be easy to bank-in cheque to your bank account quickly.
Check the Bank Cheque Issued
First thing first: Check the following details are filled in correctly:
- Double cross at the top left-hand corner of the cheque (means: cheque not meant to be encashed)
- Cross out the word “BEARER” (means: it’s meant for an intended party stated on the “Pay” line)
- Your full name as per bank record on the “Pay” line
- “Date” boxes are filled up (cannot be a future date)
- The amount in words and figures tally
- “Signature line” is signed
- Any amendments are counter-signed
Information Needed For Cheque Deposit
Provide your bank details on the back of the cheque:
- Your Full name as per Bank’s records
- Bank account number
- Contact number
How To Deposit Cheque
After you have checked the cheque details and filled in your own bank details,
You can:
- Drop cheque at the Quick Cheque Deposit Box (QCD). These collection boxes are available at the banks’ branches in Singapore.
- POSB/DBS also have Quick Cheque Deposit Machine (QCM) for their customers
Also read: How long for bank cheque clearance
Posb Cheque Deposit Location
Where To Deposit Cheque: Banks Branch Locator
Posb Cheque Deposit Machine Near Me
POSB Cheque Deposit, What are the details I need to provide on the cheque to deposit? 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. 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. Refer to the Quick Cheque Facilities section for details on how to deposit your cheque. When will my account be credited for cheque depos
Please refer to the table below:
Type of Currency | Cheque(s) Deposited on : | Funds available : |
---|---|---|
SGD (Cut-off time 3.30pm, Mon – Fri excluding Public Holidays) | Thursday (before cut-off time) | Friday (after 2pm) |
Thursday (after cut-off time) | Monday (after 2pm) | |
Friday (before cut-off time) | Monday (after 2pm) | |
Friday (after cut-off time) | Tuesday (after 2pm) | |
Saturday | Tuesday (after 2pm) | |
USD (Local clearing) (Cut-off time 1pm, Mon – Fri excluding Public Holidays & US Holidays) | Thursday (before cut-off time) | Friday (after 2pm) |
Thursday (after cut-off time) | Monday (after 2pm) | |
Friday (before cut-off time) | Monday (after 2pm) | |
Friday (after cut-off time) | Tuesday (after 2pm) | |
Saturday | Tuesday (after 2pm) | |
Other Currencies (non-SGD) and USD (non- local clearing) | N.A. | Minimum of 21 working days |
Posb Cheque Deposit Time
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:
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:
SGD
Posb Cheque Deposit Time
- Transfer Funds to Another DBS or POSB Account via DBS Internet Banking
- Transfer Funds to Another Bank’s Account via DBS Internet Banking
- Instantly send and receive money, request for funds, pay bills and more through PayLah!
- Pay Bills via DBS Internet Banking to available bill payment organizations and Credit Card companies
- Arrange payment to local organization or merchant on a regular basis via GIRO