Cheque Clearing
Convenient, secure cheque clearing with almost any bank
Cheque Truncation System (CTS) is a dedicated facility that ensures secure cheque clearing for all high-value transactions on behalf of Singapore’s major banks.
Benefits
Why Cheque Clearing?
Availability
Efficient processing ensures funds are received by the next business day.
Control
Control how funds are released to enjoy better cash flow.
Accepted
Make and receive payments through cheques to and from almost anyone.
Availability
Efficient processing ensures funds are received by the next business day.
Control
Control how funds are released to enjoy better cash flow.
Accepted
Make and receive payments through cheques to and from almost anyone.
Applications
Who can use cheques?
Individuals
Retail customers with a current account from banks that issue SGD cheques and local USD cheques, may use cheques to cover personal expenses or make payments for homes and vehicles.
Businesses
With a corporate bank account, merchants can also issue cheques for all business expenses or make future payments and down payments.
How to Manage
How to use cheques?
Deposit Cheque
Issue Cheque
