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. Can I exchange the IRD for a physical cheque? Not valid in conjunction with other promotions, offers, privileges, vouchers, loyalty program, privilege card(s) and mutually exclusive. Cheque Book Delivery Overseas. Peninsula Malaysia, Sabah or Sarawak) to prove a debt. Fresh funds refer to non-UOB/FEB cheques as well as all other funds that are not transferred from any UOB/FEB current/savings or fixed deposit account. UOB reserves the right to vary/change the featured gift without giving any reasons or prior notice to customers. 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). The promotion is only valid for Visa and Mastercard issued cards. The UOB One Credit Card rewards 3.33% cash back for a minimum spend of $500; provided that the cardholder achieves this minimum spend for 3 consecutive months within a qualifying quarter. Why is UOB imposing a minimum transaction amount of SGD200 for Indian Rupees (INR) and Philippine Peso (PHP) outgoing Telegraphic transfers (TTs)? Yes. Encashment at UOB Branches (from 2 May 2020 onwards) Which are the UOB Branches open for encashment during this period? 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. Revised validity period of Cheques, Drafts, Pay Orders & Banker’s Cheques . 1.2 “Fresh Funds” means funds: (i) in the form of non-UOB cheques or non-UOB cashier’s order; You should return the IRD to the drawer in exchange for a new replacement cheque. Please ensure that your Name, Account Number and Contact Number are written behind the IRD. 0-2343-4902 Cash Management Division United Overseas Bank (Thai) Public Company Limited. What should I do if I have lost the IRD? An IRD can be presented so long as it is valid for presentment, not altered or mutilated. (Please indicate your trading account number and the contract number or the contra statement number on the reverse side of the cheque.) Q17. 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. When will I receive my credit advice for incoming TT? The replacement cheque should address the reasons for the return of the IRD in order that it can be cleared successfully through CTS. 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. The IRD contains the front and back images of the original physical cheque and is printed on paper bearing the CTS watermark. Funds will be available after 2pm on the next working day, provided that the cheques are good for payment. 0-2093-4848 Fax. Next business day: Non-business Days: Next business day * Under normal circumstances. Eligibility 2. the validity period for its presentment the number of times the cheque has been re-presented The IRD is also more secure as alteration is not allowed, thereby eliminating the … There is a grace period for cashing checks, but depositors and issuers risk overdraft fees if a late check shows up unexpectedly. 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. If you hold an expired cheque, please contact the payer to obtain a replacement cheque. No. 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. Instant notifications. As an IRD is a substitute of a dishonoured cheque, the lost IRD will be regarded as a lost cheque. Q21. Author: UOB 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 An IRD can only be presented for clearing and not for encashment. The change to 5 transactions per month will be effective from their new qualifying quarter (Apr, May, June). 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. 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. Only SGD cheques and local USD cheques are cleared through CTS. Cheques are valid for 6 months from date of issuance, unless otherwise stated on cheque. Foreign Cheque Singapore Cheques – SGD20.00 per cheque dishonoured. Q2. Online banking. What will happen if I submit an INR or PHP payment instruction of less than SGD200 from 1 November 2017 onwards? The IRD is also more secure as alteration is not allowed, thereby eliminating the possibility of unauthorised alterations. Can I cancel a valid or expired Cashier's Order? 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. If the cardholder achieves a minimum spend of $2,000 per month, the cashback is immediately bumped up to a tantalising 5%. In preparation for CTS, the local banking industry has adopted a new one-sized CTS cheque for both corporate and individual customers. What is an Image Return Document (IRD)? I feel more comfortable holding a physical cheque instead of the IRD. Ultimately, CTS will raise all participating banks to a higher and common platform in their cheque processing operations. UOB i-Account : 2.2.1: To be eligible, the individual must present a valid UOB Lady's Card. E. Cheque / ElectronicPayment Returned - Forinsufficientfunds - Forreasonsotherthanpost-datedcheque - Postageofregisteredmail(ifapplicable) F. Cheque Books - Ordinarychequebooks - Specialprintedchequebooks HKD150 per item HKD70 per cheque At cost, min HKD30 . Q16. In-branch application. For SGD Cheques SGD cheques deposited at any UOB Group Branch before 3:30pm on weekdays will continue to be cleared within the same day. Q13. Cheques for deposit into an account may be marked and drawn on, provided both the payee and the drawer are from the same bank. Cheques are generally valid for 6 months from the date written on the cheque unless a shorter period is otherwise stated on the cheque. Does CTS apply to cheques denominated in any currency? With the new CTS, please take note that our Terms and Conditions Governing Accounts and Services (T&Cs) have been amended accordingly. Cheque Truncation System (CTS) is an image-based cheque clearing system implemented by all banks in Singapore for SGD and USD cheques. The “UOB CashPlus - 60 Days Free Cash” Promotion Terms and Conditions 1. Q6. Yes. Yes, you may. UOB charges S$30 penalty fee if you close the account within 6 months from opening. What are the benefits of the IRD over the usual return cheque process? Full payment must be charged to a valid Singapore-issued United Overseas Bank Limited Credit or Debit card. For how many days is the Demand Draft valid for? The cheque amount, less the non-refundable commission charge, will be refunded to the debiting account or other account with DBS Bank, and a notice of refund will be sent to you by ordinary post. 11. Cashier's Orders are good for payment within 6 months from the date of issuance. Time Period: Remarks * Pre-open phase: Ends randomly at any time from 0858 ... - Cash or Cheque at any of our branches. Cheques are generally valid for 6 months from the date written on the cheque unless a shorter period is otherwise stated on the cheque. What should I do when I receive an IRD? 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. The IRD conveniently contains, in one document, the following information: the number of times the cheque has been re-presented. Is there any change to the current cheque clearing times? Cheques will be accepted for deposit but funds will be made available only on Tuesdays after 2pm. Where can I view the revised Terms and Conditions? In addition, every IRD bears such security features as the CTS watermark and a serial number for strict control purposes. The presenting bank will quote the exchange rate and clear the cheque(s) via the USD clearing mode. Q9. No, there will not be any charges as the IRD is a replacement of the physical returned cheque. y … Co. Reg. Is there any change to the Terms and Conditions governing my account? 193500026Z UOB Corporate Fixed Deposit Promotional Terms and Conditions: 1. Q20. Initial deposit amount. Are there any charges imposed on the depositor when the Bank issues an IRD? Check IFSC Code for Top Banks: UOB reserves the right to vary/change the featured gift without giving any reasons or prior notice to customers. Together with a centralized account structure at UOB, outsourcing your cheque collection will improve your … 1.3. What must I do if an IRD cannot be presented? Competitive interest rates. 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. From 1 July 2002, cheques that are not in the new CTS format were no longer accepted by banks for deposit and payment. 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. Can I present an IRD to the Bank for cash payment over the counter? Q11. Bank & Branch Code Guide. 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. Q15. Therefore, if an IRD is presented and subsequently returned, another IRD will be generated stating clearly that it is the second IRD. United Overseas Bank Limited Co. Reg. 193500026Z. Cheques can be deposited through UOB's branch network nationwide, while UOB can guarantee value and automatically move funds into the account of your choice. Ans: No, demand draft and cheques are not similar. 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.) Period. UOB Wealth Banking Sign Up for Maxis Subscribers Campaign Terms and Conditions ... (“Campaign”) from 1 April 2020 until 31 March 2021 (both dates inclusive) or such date(s) as may be determined by UOB from time to time (“Campaign Period”). E. Cheque / ElectronicPayment Returned - Forinsufficientfunds - Forreasonsotherthanpost-datedcheque - Postageofregisteredmail(ifapplicable) F. Cheque Books - Ordinarychequebooks - Specialprintedchequebooks HKD150 per item HKD70 per cheque At cost, min HKD30 . You’ll receive 2 free cheque books upon account opening. Fixed Deposits that are pledged to UOB for banking facilities do not qualify for the promotional rates. Locate a Quick Cheque Deposit Box near you or visit our 24/7 digital lobbies! My cheque is lost / damaged. This Promotion is not valid with other UOB fixed deposit promotions. Q4. Cheques are generally valid for 6 months from the date written on the cheque unless a shorter period is otherwise stated on the cheque. Every IRD also bears a serial number for strict control purposes. 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