Banks will not be able to process any SGD corporate cheques deposited after 31 December 2026. For UOB Singapore, the cut-off date and time for depositing SGD corporate cheques is at 11.30am on 31 December 2026, regardless of the date of issue on the cheques.

Should SGD corporate cheque payees miss the deadline to deposit their cheques, or have their cheques rejected, they will need to make alternative payment arrangements with the cheque payer.

Cashier's Orders will still be available to corporates and retail users.

USD cheques will still be available to corporates and retail users.

All banks will stop the encashment of SGD corporate cheques at branches from 1 January 2027 as part of the cessation of SGD corporate cheques.

For UOB Singapore, the cut-off date and time for depositing SGD corporate cheques is at 11.30am on 31 December 2026.

The Bills of Exchange Act (BEA) continues to apply to SGD corporate cheques after 31 December 2026.

A payee holding an SGD corporate cheque that has not been deposited for payment by the applicable cut-off time on 31 December 2026 should contact the payer to arrange an alternative payment method. The payee's rights under the BEA remain unchanged.

Payers are encouraged to adopt e-payments as soon as possible to minimise the risk of claims relating to non-payment of SGD corporate cheques.

¹Please refer to “Consultation Paper on Roadmap to Sunset Corporate Cheques and Transition Plan for Retail Cheques” and joint Media Release issued by The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).

²Cheque processing fee is one of the measures collectively proposed by industry participants during a Payments Council fact-finding exercise convened by MAS between October 2021 to March 2022 to reduce cheque usage. Please refer to Consultation Paper “Roadmap to Terminate the SGD Cheque Truncation System – Eliminating Corporate Cheques by 2025” for more details.