Lost cheques in quick cheque deposit box

airgrinder SG

of course not submitted to the same bank lah...

chq clearing is an extremely tedious process, even with the new CTS process.

Signatures have to compared manually, dates, the figures must telly with the numbers, account number at the back, etc.

Some of the most common errors are the figures do not telly with the numbers, wrong acc numbers at the back of the chq, wrong signatures.

It makes it worst when people drop the chq into the wrong bank, because they keep looking at the drawer bank logo and forgot about their own.

airgrinder SG

There are accounts with no passbook. If you deposit cash or chq over the counter, they'll give u a receipt/deposit slip.

beggarchief SG

ANOTHER POSSIBILITY IS THAT THE PERSON WHO SUPPOSE TO SLOT THE CHEQUE IS AS BLUR AND AS ABSENT MINDED AS BEGGAR.

I.E. CHEQUE PUT IN POCKET AND FORGOTTEN ABOUT THE WHOLE THING, SPECTACLES ON THE HEAD AND STILL LOOKING HIGH AND LOW FOR IT.

photo_seeker SG

Have not experienced lost cheque and definately not wanting one

aremeis SG

No they were both separate incidents from the same bank.

So this QCD is really quite bad wz this particular bank of ours. So you really need to monitor your bank balances carefully here.

yimkim SG

Why did you put your cheque into the envelope? Just straight away put the cheque into the box can already wat

de_middle SG

Confused

aremeis SG

You will need these envelops becos they have a copy of the banked in cheque details. BTW it is a business account and if such things can happen with their envelops think again for the cheques that you had thrown in.

beggarchief SG

ENVELOP IS NOT NECESSARY.

NOW BANK DO AWAY WITH MANY THINGS.

AT THE BACK OF THE CHECK, JUST A/C NO. WILL DO. NO NEED TEL, NO NEED COMPANY NAME

EVEN NOWADAYS SIGN CHECK ALSO NO NEED TO STAMP COMPANY STAMP.

iceball SG

Today I queued up at posb bank counter to deposit my cross cheque and they told me that they no longer accept cross cheque at the counter. They only accept cash cheque deposit at the counter. They also told me that now they no longer clear cross cheque at the bank but all the banks in singapore will bring the crossed cheques to a place in robinson road to clear.

Got a few years since I last went to the bank to deposit cross cheque so didn't know that they got such a new rule.

Is it all the banks in singapore now no longer accept cross cheque deposit at counter? What is the reason why they want to bring all the cheques to robinson to clear?

What if halfway the vehicle kana accident and the cheque boxes all spilt open and the cheques all fly out?

I think it is a really bad idea to transfer all cheques to 1 place to clear.

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