Input the Cheque no. We advise you to request another cheque from the drawer under such a circumstance. With the new CTS, please take note that our Terms and Conditions Governing Accounts and Services (T&Cs) have been amended accordingly. UOB may change the terms and conditions of this promotion (including the promotion period, promotional interest rate, fixed deposit tenor, or terminate this promotion) at any time without having to provide any reason or prior notice. Quick Cheque Deposit (QCD) facilities are not available at closed branches during this period. Both presented and unpresented cheques statuses outside of this period will show as "Details not available" Bank & Branch Code Guide. Otherwise, cancellations for payment permits approved under the GF or G7 condition (as well as G1 condition i.e. CTS enhances the operational workflow of banks by eliminating the need to move cheques physically from one bank to another. The promotion is only valid for Visa and Mastercard issued cards. Waived At cost . The 5-Day Clearing Week means that on Saturdays, there will be no crediting or debiting of customer accounts with cheques, GIRO or Interbank funds transfers. Cash cheques can be en-cashed at the drawer’s bank. GIRO/ Standing Instruction: 193500026Z. I had given four post-dated cheques as a guarantee. Cheques for deposit into an account may be marked and drawn on, provided both the payee and the drawer are from the same bank (A handling fee will be charged for this). E. Cheque / ElectronicPayment Returned - Forinsufficientfunds - Forreasonsotherthanpost-datedcheque - Postageofregisteredmail(ifapplicable) F. Cheque Books - Ordinarychequebooks - Specialprintedchequebooks HKD150 per item HKD70 per cheque At cost, min HKD30 . If you hold an expired cheque, please contact the payer to obtain a replacement cheque. An IRD can only be presented for clearing and not for encashment. Please refer to uob.com.sg/covid19updates for the latest information. Cheque Truncation System (CTS) is an image-based cheque clearing system implemented by all banks in Singapore for SGD and USD cheques. My cheque is lost / damaged. For example, can I get the drawer to sign on the IRD if there is a missing signature? What should I do if I have lost the IRD? 0-2093-4848 Fax. Full payment must be charged to a valid Singapore-issued United Overseas Bank Limited Credit or Debit card. 2.2.2: The minimum balance fee of S$7.50 is waived for new UOB i-Account(s) ("Account") opened by UOB Lady's Card members during the Offer Period. No. With CTS, the cheque will be scanned upon deposit and its electronic image, instead of the physical cheque, will be transmitted throughout the entire clearing cycle. Cheque Deposit or mail to our office. To qualify for the promotional campaign, you’ll need to spend a minimum of RM20 for the valid Grab transactions, using a UOB Visa credit card. Cash Management Customer Service : Tel. Each iB Cheque shall be valid for a period of two (2) months from the date printed on the iB Cheque. ... Card Service Tax Fee. UOB INFINITY (DIGITAL BANKING FOR BUSINESS), Instalment Payment Plan's Terms and Conditions, TERMS AND CONDITIONS FOR ACCOUNTS AND SERVICES, CPFIS & SRS Corporate Actions Information. UOB i-Account : 2.2.1: To be eligible, the individual must present a valid UOB Lady's Card. Cheques are generally valid for 6 months from the date written on the cheque unless a shorter period is otherwise stated on the cheque. Cheques for deposit into an account may be marked and drawn on, provided both the payee and the drawer are from the same bank. This account requires an initial deposit of S$1,000. For more information, visit www.uob.com.my or call UOB Call Center Phone Banking at: Kuala Lumpur: 03-26128 121 Penang: 04-2401 121 Johor ... “Validity Period” – the period … 7.2 Cheque books will be sent to the Customer at the Customer’s risk and expense by ordinary mail or such other mode(s) as the Customer may request of and which the Bank may in its sole and absolute discretion agree. Is Demand draft and Cheque similar? 2. the cheque should have been issued in discharge, in whole or in part, of any debt or other liability. Competitive interest rates. Cheques are valid for 6 months from date of issuance, unless a shorter period is otherwise stated on the cheque. 1.2 “Fresh Funds” means funds: (i) in the form of non-UOB cheques or non-UOB cashier’s order; Stand to redeem $80 (new to UOB customers) or $40 (existing UOB customers) cash credit when you apply for a new UOB Uniplus account online and maintain at least $5,000 average balance for 6 months. The fixed deposit must be made with fresh funds and not funds transferred from existing UOB/FEB savings/current/fixed deposit account(s) or UOB/FEB cheques, cashier's orders and demand drafts. What will happen if I submit an INR or PHP payment instruction of less than SGD200 from 1 November 2017 onwards? Q18. “Promotional Period” means the period commencing on 1 July 2019 and … An IRD can be presented so long as it is valid for presentment, not altered or mutilated. United Overseas Bank Limited Co. Reg. payment by cash or cheque at any UOB branch) that are submitted within the permit validity period will require 5 working days for processing due to the time needed to verify the GIRO deduction. Copyright © 2021 United Overseas Bank Limited. 191 … Q21. Q13. What is an Image Return Document (IRD)? - Cheque made payable to UOB Kay Hian Securities (M) Sdn Bhd. Cheques will be accepted for deposit but funds will be made available only on Tuesdays after 2pm. ... Can I request for a replacement cheque? Currently, these instruments are valid for six months from the date of issue. United Overseas Bank Limited Singapore Company Reg No. To qualify for the promotional interest rate(s), fresh funds of not less than USD50,000 must be placed in a USD fixed deposit for the tenor applicable to that promotional interest rate. Why is UOB imposing a minimum transaction amount of SGD200 for Indian Rupees (INR) and Philippine Peso (PHP) outgoing Telegraphic transfers (TTs)? What is the validity period for a Cashier's Order? 11. UOB 10-Month Promotional Rate Q14. There is a grace period for cashing checks, but depositors and issuers risk overdraft fees if a late check shows up unexpectedly. Every IRD also bears a serial number for strict control purposes. The additional half an hour will allow customers more time to deposit their cheques before the cheque deposit cut-off time, so that they can receive their funds earlier. Q19. - Information about UOB's Commercial credit cards participating partner merchants Ans: No, demand draft and cheques are not similar. Earn up to 0.5% p.a. Can I have only one authorised signatory to sign on the Tracer/Amendment form? Your cheque is valid for up to 6 months from the cheque issuance date. While a cheque technically ‘expires’ within a certain period of time, it does remain valid for up to six years depending on the law of the region (e.g. Otherwise, cancellations for payment permits approved under the GF or G7 condition (as well as G1 condition i.e. How can I perform a stop payment of a cheque? 7.3 Any cheque drawn on the Bank shall be on the Bank’s cheque form issued by the Bank for that Account. Enquire your cheque status that you have issued or deposited in the past 6 months. An IRD is a legally accepted document that is a substitute of a dishonoured cheque. What should I do when I receive an IRD? All Rights Reserved. Yes, you can continue to present local USD cheques for deposit into your SGD accounts. 0-2343-4902 Cash Management Division United Overseas Bank (Thai) Public Company Limited. payment by cash or cheque at any UOB branch) that are submitted within the permit validity period will require 5 working days for processing due to the time needed to verify the GIRO deduction. Cheques are valid for 6 months from date of issuance, unless otherwise stated on cheque. Extension of the cheque deposit cut-off time by half an hour, up to 3:30pm from Mondays to Fridays. What happens should I receive an 'old' (not in the CTS format) cheque? Locate a Quick Cheque Deposit Box near you or visit our 24/7 digital lobbies! Validity period of cheques. All cheques should be crossed and made payable to UOB Kay Hian (Hong Kong) Limited. UOB Deposits National Day Promotion (1 July 2019 to 31 August 2019) 1. United Overseas Bank Limited (“UOB”) in Singapore which is valid, subsisting and in good standing at all times as determined by UOB at its sole discretion. This process often takes several weeks and can be expensive as it is done on a cheque-by-cheque basis. (Please indicate your trading account number and the contract number or the contra statement number on the reverse side of the cheque.) The deposit must be made with fresh funds, and not funds transferred from existing UOB/FEB savings/current/fixed deposit account(s) or in the form of UOB/FEB cheques, cashier's orders and … Please be assured that under the Bills of Exchange Act, the IRD is recognised as a legally accepted document that replaces the physical cheque for re-presentment. 2. This would enable the banks to enjoy greater efficiency and provide better service to their customers. If you hold an expired cheque, please contact the payer to obtain a replacement cheque. Q11. Instalment Payment Plan's Terms and Conditions, Current Structured Deposits - Series (10)(USD), Cash Deposit Limit at Cash Deposit Machines. Stand to redeem $80 (new to UOB customers) or $40 (existing UOB customers) cash credit when you apply for a new UOB Uniplus account online and maintain at least $5,000 average balance for 6 months. Q20. UOB reserves the right to vary/change the featured gift without giving any reasons or prior notice to customers. Definition 1.1 “Account” means a new or existing UOB Passbook Savings Account, UOB Uniplus Account, UOB Stash® Account, KrisFlyer UOB Account or UOB One Account which is valid, subsisting and in good In preparation for CTS, the local banking industry has adopted a new one-sized CTS cheque for both corporate and individual customers. Only SGD cheques and local USD cheques are cleared through CTS. Ans: Demand drafts are valid for a period of 3 months from the date of issue. Definitions 1.1 “Account” means UO ashPlus Account which is in valid, subsisting and in good standing at all times during this Promotion as determined by UOB at its discretion. Yes. Can I terminate my GIRO arrangement via Personal Internet Banking? No, there will not be any charges as the IRD is a replacement of the physical returned cheque. Q4. Q2. Where can I view the revised Terms and Conditions? News & Announcements. Cheques are valid for 6 months from date of issuance, unless a shorter period is otherwise stated on the cheque. Does CTS apply to cheques denominated in any currency? Presentation and payment by UOB debit/credit card is required in order to enjoy the offer. Cheques are generally valid for 6 months from the date written on the cheque unless a shorter period is otherwise stated on the cheque. Better Utilization of Human Resources: Outsourcing cheque payment service to UOB … Waived At cost . Q17. Enquire your cheque status that you have issued or deposited in the past 6 months. Cheque Clearing Funds will be available in the beneficiary's account as follows: Depositing Time: Funds Availability Time: Business Day before 4 p.m. Next Business Day after 10pm (subject to float clearance) Business Day after 4 p.m. Third Business Day after 10pm So you can use your physical cheque to prove that a debt is owed to you and go through the courts to get your payment released. Request for banking statement. 1.6 “Promotion” means this UOB Passbook Savings and Uniplus Promotion (1 July – 31 August 2019). Cheque book fee. Are there any charges? Period. Eligibility 2. whether you should obtain a new cheque from the drawer; the validity period of the IRD and; the number of times the IRD has been presented; 5-Day Clearing Week. Please submit your cancellation request together with the original Cashier's … Is there any change to the current cheque clearing times? With CTS, the cheque will be scanned upon deposit and its electronic image, instead of the physical cheque, will be transmitted throughout the entire clearing cycle. These CTS cheques were issued to customers ahead of the launch of CTS so that they would be familiar with using the new cheques. As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques will be reduced from 6 months to 3 months, from the date of issue of the instrument. 193500026Z UOB Corporate Fixed Deposit Promotional Terms and Conditions: 1. Ultimately, CTS will raise all participating banks to a higher and common platform in their cheque processing operations. Cheque Truncation System (CTS) is an image-based cheque clearing system implemented by all banks in Singapore for SGD and USD cheques. No.193500026Z 2 2.6 The Bank reserves the right to debit any credited amount from the Account even after the Bank receives payment, if the correspondent paying bank, financial institution or any agent and sub-agent should at any time claim refund or repayment of such amount on any ground(s) (whether or not Request for banking statement. On 12 July 2003, the banking industry in Singapore launched a new online image-based cheque clearing system called the Cheque Truncation System (CTS). The IRD conveniently contains, in one document, the following information: The IRD is also more secure as alteration is not allowed, thereby eliminating the possibility of unauthorised alterations. Q7. Can I exchange the IRD for a physical cheque? Time Period: Remarks * Pre-open phase: Ends randomly at any time from 0858 ... - Cash or Cheque at any of our branches. Cheques will be accepted for deposit but funds will be made available only on Tuesdays after 2pm. At Banks:. (s) which you would like to enquire on and click Next This service allows you to view payment statuses of cheques issued from your accounts up to 6 months before the time of enquiry. Can I present an IRD to the Bank for cash payment over the counter? Clients are requested to indicate their account number and name on the reverse side of the cheque. Can I present the IRD if it has been torn inadvertently (for instance, if I tore it accidentally while trying to detach the IRD along the perforated line)? The IRD conveniently contains, in one document, the following information: the number of times the cheque has been re-presented. You can present the IRD over the counter or drop it into the Cheque Deposit Box at any branch of the same bank that you originally deposited the cheque. Is there any change to the Terms and Conditions governing my account? The replacement cheque should address the reasons for the return of the IRD in order that it can be cleared successfully through CTS. As an IRD is a substitute of a dishonoured cheque, the torn IRD will be regarded as a torn cheque. The cash back promotion is only valid for offline transactions made via direct calls or email to UOB Travel and not valid for online purchases through www.uobtravel.com. 2.2.3 (e) “Promotional Period” means the period commencing on 2 January 2021 and ending on 30 January 2021, both dates inclusive. You may request for a replacement cheque due to lost or damaged cheques at designated UOB Branches from 8 June 2020 onwards. No. You should return the IRD to the drawer in exchange for a new replacement cheque. y … 193500026Z. Better Control and Reduced Risk: With cheque payment services, UOB will manage cheque inventory for you. UOB charges S$30 penalty fee if you close the account within 6 months from opening. Encashment at UOB Branches (from 2 May 2020 onwards) Which are the UOB Branches open for encashment during this period? We advise customers who are in receipt of such 'old' cheques to request cheques in the CTS format from the drawer(s). New Accountholders must open a UOB Passbook Savings Account or Uniplus Account and maintain a minimum balance of S$10,000 at all times during the Promotional Period to qualify for the Promotion. I had a borrowed Dh200,000 from a friend 10 years ago to start a business. Yes. In-branch application. Optimize Time Management: UOB cheque payment solutions eliminate the need for management to sign cheques, which allows for better time to manage your business rather than engaging in unproductive work. 10. Therefore, for payment purposes, foreign cheques payable to recipients in this country have to be sent abroad to the bank where the payer holds their account. Funds will be available after 2pm on the next working day, provided that the cheques are good for payment. The presenting bank will quote the exchange rate and clear the cheque(s) via the USD clearing mode. Instant notifications. Q5. 12. 1.3. All Rights Reserved. Promotion is not valid on and eve of Public Holidays. In addition, every IRD bears such security features as the CTS watermark and a serial number for strict control purposes. Co. Reg. Promotion period is from 1st April 2020 until 31st March 2021. Check IFSC Code for Top Banks: Can I present an IRD if it is crumpled or stained? Support measures and digital initiatives to help you navigate this difficult period, so you can focus on doing what's best for your business and employees. Competitive interest rates. Earn up to 0.5% p.a. Author: UOB ... period? Cheque Deposit Time: Remarks* • Monday - Friday • Mondays - Fridays (for Kuala Terengganu and Kelantan) • Up to 04:00 PM: Same day credit • After 04:00 PM. How long cheques take to clear When you deposit a cheque into your account, your bank will send an image of the cheque to the payer’s bank. The IRD contains the front and back images of the original physical cheque and is printed on paper bearing the CTS watermark. view the revised Terms and Conditions online. How long cheques take to clear. You’ll receive 2 free cheque books upon account opening. A foreign cheque is a cheque issued in a foreign currency and payable at a foreign bank. Validity period of cheques. Copyright © 2017 United Overseas Bank Limited Co. Reg. interest rates during the promotional period… Next business day: Non-business Days: Next business day * Under normal circumstances. Alterations are not allowed on the IRD as an altered IRD will not correspond to the stored cheque image in CTS. Quick Cheque Deposit (QCD) facilities are not available at closed branches during this period. Q22. Can I make any alteration on the IRD? Cash or Cheque at our counter on the 2nd Floor of our office at 8 Anthony Road Cheque made payable to UOB Kay Hian Pte Ltd. (Please indicate your trading account number and the contract number or the contra statement number on the reverse side of the cheque.) The change to 5 transactions per month will be effective from their new qualifying quarter (Apr, May, June). It is important to read and accept the full terms and conditions that apply to the Promotional Interest Rate(s). What are the branch opening hours? The IRD is also more secure as alteration is not allowed, thereby eliminating the possibility of unauthorised alterations. ... - the validity period for its presentment - the number of times the cheque has been re-presented; However, if the original cheque is valid for encashment, you may request to exchange the IRD for the physical cheque at the bank's discretion. The deposit must be made with fresh funds, and not funds transferred from existing UOB/FEB savings/current/fixed deposit account(s) or in the form of UOB/FEB cheques, cashier's orders and … With CTS, a cheque is scanned when deposited and its electronic image, instead of the physical cheque, is transmitted throughout the entire clearing cycle. This UO orporate Fixed Deposit Promotion (“Promotion”) is available from 1 February 2019 to 15 March 2019, both dates inclusive (“Promotion Period”). UOB reserves the right to vary/change the featured gift without giving any reasons or prior notice to customers. If I present an IRD and it is returned, will I get back the same IRD again? What must I do if an IRD cannot be presented? Q3. Q6. Contact our support team and we will get back to you promptly. UOB may change the terms and conditions of this promotion (including the promotion period, promotional interest rate, fixed deposit tenor, or terminate this promotion) at any time without having to provide any reason or prior notice. 1.5 “Promotion” means this UOB Passbook and Uniplus Savings Promotion (1 October 2020 to 30 ... You will still continue to be liable for all associated charges if any cheques, ... 4.8 The Promotion is not valid with any other privileges or promotions unless otherwise stated. Cheques are valid for 6 months from date of issuance, unless otherwise stated on cheque. Together with a centralized account structure at UOB, outsourcing your cheque collection will improve your … Can I still deposit local USD cheques into my SGD accounts?

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