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How To Bank In Cheque

Do you like to receive cheques? I sure do! It means money is coming in to 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.

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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:

  1. Double cross at the top left hand corner of the cheque (means: cheque not meant to be encashed)
  2. Cross out the word “BEARER” (means: it’s meant for an intended party stated on the “Pay” line)
  3. Your full name as per bank record on the “Pay” line
  4. Date” boxes are filled up (cannot be a future date)
  5. Amount in words and figures tally
  6. Signature line” is signed
  7. Any amendments are counter-signed

How To Write a Cheque Singapore

Information Needed For Cheque Deposit

Provide your bank details on the back of the cheque:

  1. Your Full name as per Bank’s records
  2. Bank account number
  3. Contact number

How to bank in Cheque SG

How To Deposit Cheque

After you have checked the cheque details and filled in your own bank details,

You can:

  1. Drop cheque at the Quick Cheque Deposit Box (QCD). These collection boxes are available at the banks branches in Singapore.
  2. POSB/DBS also have Quick Cheque Deposit Machine (QCM) for their customers

Also read : How long for bank cheque clearance

Where To Deposit Cheque: Banks Branch Locator

Reference

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