- Direct Deposit.; Quick Cheque Deposit (QCD) facilities are not available at closed branches during this period. Cheques are valid for 6 months from date of issuance, unless otherwise stated on cheque. Payday loan companies and cheque-cashing services should be the last resort. The offer of free COVID-19 relief insurance coverage for all DBS/POSB customers is a part of the bank’s overall.
- Fund your account with DBS/POSB electronic transfer, a cheque deposit, telegraphic transfer (international wire) from your bank, or through an account transfer from another broker (ACAT). All deposits must be made in U.S dollars.
POSB Singapore offers personal banking products like savings accounts, investments, insurance, personal loans, and online banking services. Visit our site to apply for a product or to learn more about financial planning.
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
Posb Cheque Deposit Box
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
Posb Cheque Deposit Locations
After you have checked the cheque details and filled in your own bank details,
You can:
Posb Cheque Deposit Novena
- 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