MAS Announces end-2025 Timeline to Eliminate Corporate Cheques
MAS announced that all corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025. To recover these cheque processing costs, banks will therefore commence charging for Singapore Dollar (SGD)-denominated cheques by 1 November 2023. MAS Announces end-2025 Timeline to Eliminate Corporate Cheques
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