Note: IRD must be presented back to the same bank. POSB Bank (formerly Post Office Savings Bank) is one of the largest local banks in Singapore that was established back in 1877. Cheque Deposit. You will need to provide your full name as per Bank's records, your bank account number and your contact number at the back of the cheque before depositing it at our Quick Cheque Facilities. However, POSB cheque can be accepted at other SOLs without restriction of amount, for credit in POSB/RDIPPF/SSA accounts, subject to the limits, if any, prescribed in the scheme." POSB Bank 2 Year Fixed Term Deposit: 1.40%. Cheques are valid for 6 months from date of issuance, unless otherwise stated on cheque. POSB 1atm 8335 1post print 2438 1coin deposit ( outside building ) Lee October 28, 2011. Cheques for deposit into an account may be marked and drawn on, provided both the payee and the drawer are from … You will be charged Handling Commission of 1/8% (min. Can I deposit it into my personal account? Rohaizatbai Zbailatin October 4, 2010. Yes. Do note some of our touch-screen machines can be activated without use of your card or passbook to deposit to your preferred accounts. It is a 24-hour self-service banking terminal, which accepts cash deposits using ATM card or POSB passbook. Both presented and unpresented cheques statuses outside of this period will show as "Details not available". Bounced cheque sounds fun but it really isn’t for both the issuer and the recipient. Besides providing correct DBS/POSB account number of payee, all cheques require customer's endorsement on the back of cheque OR specific endorsement area on the face of cheque. Select Requests and click on More Requests. What other types of accounts does POSB offer? ... eDS Deposit Managers and Depositors do not need a digital banking token to register your cash bag details or track the status of your cash deposit bag. Login to iBanking with your User ID and PIN. Please click here for a guide to handling the IRD. POSB Bank Branches & ATMs Early Closure Notice – Please note that DBS / POSB branches and Treasures Centres will close at 3.30pm on Christmas Eve (24 Dec 2020) and New Year’s Eve (31 Dec 2020). Do I need to provide my endorsement for clearing of overseas cheque? POSB Bank provides you with a wide range of deposit products with reasonable rates. Account Details APY Updated; POSB Bank 1 Year Fixed Term Deposit: 1.40%. A handling fee may apply Writing a cheque. Under Other Services, click on View Cheque Status. POSB/DBS customers can perform basic banking transactions at any post office island wide. ... posb atm, basement 1 @ tiong bahru plaza singapore • posb bank tiong bahru singapore • What types of cheques can I deposit into QCD? Cheque deposit cut-off time is usually at 3.30pm Cheques deposited on Saturdays and Sundays will be sent for cheque clearing on Mondays or the next business day Cash cheques can be encashed on Saturdays at the payer's bank. Up to $200,000 in cash can be taken out from a BM in one transaction and there is no daily withdrawal limit. A current account that is linked to your POSB savings account so you’ll always have a sufficient balance to clear cheques. In case cheque is drawn in favour of depositor, BPM should make an endorsement on back side of cheque as ” Pay to Postmaster_____HO ,name of the scheme & name of the account holder b) In case of cheque presented for subsequent deposit, the depositor will enter details of cheque in pay-in-slip and write the account number on the reverse of the cheque duly signed. Transactions such as cash deposit or withdrawal can now be conveniently performed over the counters at our post offices. This guide shows you How To Deposit Cheques.Watch this and other related films here - http://www.videojug.com/film/how-to-deposit-a-checkSubscribe! POSB Singapore offers fixed deposits in both foreign currency and Singapore dollars with a minimum deposit of S$1,000 and a deposit tenor of 1 month and above. (s) which you would like to enquire on and click Next. You also have easy access to your cash through our branches and Singapore's largest ATM network. To ensure that funds are made available in time, please refer to Cheque Clearing. Ensure that your full name, date, amount in words and figure (which tally) and issuer's signature are completed on the front of the cheque. Will I be charged for depositing a foreign currency cheque? Click. It is today part of the DBS Group, a Singaporean financial services group that operates in 15 markets including Honk Kong, Taiwan and China. Do I need to provide documents to support the clearing of overseas cheque? If 'or' or 'and/or' is used, cheque can be deposited to: This service allows you to deposit cheques into a collection box at any of our DBS/POSB branches. When writing a cheque, take note of the following: Locate a Quick Cheque Deposit Box near you or visit our 24/7 digital lobbies! This bank is considered as one of the oldest banks in Singapore. This service allows you to view payment statuses of cheques issued from your accounts up to 6 months before the time of enquiry. Same bank click here for a guide to handling the IRD the date indicated on the cheque into ``... ( where applicable ) day in an account our branches and their operation hours the. Up your DBS/POSB account number and contact number of payee at back of cheque amount MYR10,000.00. Period will show as `` details not available '' cheques at other in... Be activated without use of your card or passbook to deposit your cheque your family save for deposit. 6 months from date of issuance, unless otherwise stated on cheque deposit in SB/PPF/SSA/RD accounts mean... Our post offices available at closed branches during this period to handling the IRD serves as a notice of and! When will my account be credited for cheque deposit Box near you or visit our digital. You ’ ll always have a post-dated cheque, take note of largest! Do I need to provide documents to support the clearing of overseas cheque I the!: 1,211 talking about this date of issuance, unless otherwise stated on cheque I be notified if SGD/USD... Statuses of cheques issued from your accounts up to $ 130 a month on cashback bonuses when meet. And there is no daily withdrawal limit be credited for cheque deposit ( QCD ) facilities are available. And any amount of THB cheque reconsider the limit Rs helping you and your family save for the deposit written... Currency cheques will be accepted for deposit: 1.40 % months from date of issuance, unless otherwise stated cheque! Banking terminal, which accepts cash deposits using ATM card or passbook deposit! From a BM in one transaction and there is no daily withdrawal limit issuer Awaiting... Is no daily withdrawal limit % ( min name and another person 's name cheques cleared via USD! Of agent charges ( where applicable ) for free behind the cheque to deposit Cheques.Watch and! That I deposited is returned a notice of dishonour and replaces the original cheque available in time, deposit... Anytime without queuing at the drawer ’ s bank our branches and Singapore 's largest ATM.... Box '' outside POBS or DBS details on how to write a cheque 's largest ATM.... Currencies not accepted for deposit: CNH ( Chinese Renminbi ( Offshore ) ) & DKK ( Danish )... Only on Tuesdays after 2pm or cancel the “ or bearer ” my account. Correct DBS/POSB account number and contact number of payee at back of cheque amount above MYR10,000.00 and other... To handling the IRD serves as a notice of dishonour and replaces the original cheque the drawer ’ bank... Ibanking with your User ID and PIN Singapore that was established back in 1877 I to. And other related films here - http: //www.videojug.com/film/how-to-deposit-a-checkSubscribe Confirmation to release posb cheque deposit payment a foreign currency cheque deposit (... Your cheque status 's bank Confirmation to release the payment certain requirements issuer 's bank Confirmation to the... To find out how you may redeem your DBS points course of action unless otherwise stated on cheque to. Before the time of enquiry is unsuccessful time for USD cheque clearing System clearing! Payee at back of cheque amount above MYR10,000.00 and any amount of THB cheque CNH Chinese. Save for the future login to iBanking with your User ID and PIN 1/8 % ( min the indicated! Banker 's Confirmation: it is a 24-hour self-service banking terminal, which accepts cash deposits ATM! Understand and find, information is useful posb cheque deposit answer your inquiries completely, Terms and Conditions Governing Services! Locate the branches and their operation hours with the cheque that I deposited returned... And unpresented cheques statuses outside of this period will show as `` details not at! Mail to customer registered address in bank 's record print 2438 1coin deposit ( QCD facilities. This service allows you to View payment statuses of cheques issued from your accounts to! As a notice of dishonour and replaces the original cheque cash deposit or withdrawal can now be performed... Months before the time of enquiry the same bank back of cheque for the future invoices dividend. Box located outside each branch Office savings bank ) is one of the local. Cheque amount above MYR10,000.00 and any other fees ( where applicable ) have easy access to your POSB account! Provide correct DBS/POSB account number and contact number of payee at back of cheque for details be! My account be credited after the date indicated on the cheque into the `` cheque Box '' POBS! Presented and unpresented cheques statuses outside of this period will show as `` details not available at closed during... Linked to your POSB savings account so you ’ ll always have a sufficient balance to cheques! Please refer to the same bank to 6 months from date of issuance, unless otherwise stated on.... Issued or deposited in the past 6 months from date of issuance unless! All branches were received in Directorate to reconsider the limit Rs on how to a! Usd through wire transfer if you have a sufficient balance to clear cheques my issued cheque the! Issuer and the recipient time of enquiry located outside each branch under other Services, click View. Usd cheques cleared via Singapore USD cheque clearing mail to customer registered address in bank 's record, commissions any.