Tag: check format

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Implementation of the new check design is deferred by PCHC to May 2024. AGAIN!

I wish our banks and the Philippine Clearing House Corporation (PCHC) were more systematic about changes affecting clearing.

Just days after most news organizations reminded the public that they had only till May 1, 2023 to use checks in the old format, the PCHC issued another memo deferring implementation by one year to May 1, 2024.

Continue reading “Implementation of the new check design is deferred by PCHC to May 2024. AGAIN!”

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Only checks compliant with the new PCHC format will be accepted for clearing starting May 2, 2023. Are you ready? (updated)

(UPDATE: The PCHC has deferred implementation of the new check design to May 1, 2024. See my update HERE.)

If you have a checking account, it is time to look at your checkbook/s. By May 2, 2023, checks in the old format will no longer be accepted for clearing.

The new check format will now have boxes in the date field so that the date can be entered in MM-DD-YYYY format. The signature area and peso amount areas will also have boxes. The peso sign will now be found outside the area for the amount.

Continue reading “Only checks compliant with the new PCHC format will be accepted for clearing starting May 2, 2023. Are you ready? (updated)”