The Association of Banks in Singapore (ABS), on Dec 13, announced that the central cheque processing system has experienced a technical issue. The issue has impacted Singapore dollar (SGD) cheques deposited on Dec 12.
The crediting and receipt of the funds will be credited from 5pm onwards today.
According to the ABS, the central cheque processing system has since been fully restored.
“We apologise for any inconvenience caused and appreciate your patience during this time. Please contact your bank for any queries,” says the ABS in its Dec 13 statement.
The crediting and receipt of funds for US dollar (USD) cheques on Dec 13 may be delayed due to individual bank’s system and processes.
