In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...

A void cheque is one that has been rendered invalid by writing "VOID" across it. Voided cheques are often used to transmit banking details for the purpose of making an electronic transaction. Many or ...

Once the backbone of global payments, the humble cheque is now a relic of a bygone era—kept alive only in niche markets and legacy systems as digital transactions reshape the financial world. In the ...

Bahamian cheque suppliers yesterday warned they will be forced out of business if the Central Bank and its licensees succeed in “significantly reducing” or eliminating use of this payment mechanism, ...

RBI implements same-day cheque clearance from October 4. From October 4, banks will be clearing cheques the same day, as required by the Reserve Bank of India's updated settlement framework that aims ...

The newly redefined and standardised cheque for the banking system has taken off. The new cheque rule took effect on January 1, 2021. The Central Bank of Nigeria (CBN) had approved a cheque standard ...