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> Cheque Truncation and Conversion System (CTCS), Which bank is implementing?

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cherroy
post Jun 5 2008, 11:19 AM

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From: Penang


QUOTE(vaio_me @ Jun 5 2008, 10:50 AM)
Anyone know about this Cheque Truncation and Conversion System (CTCS) stuff? I was being told that RHB still not yet implement with this system, HSBC and Standard Chartered bank will be implementing this end of this month.

Cheque clearing normally takes 2 or more days, but with this system, it will clear on the same day or next business day. Anyone know any other bank implementing this as well?
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All banks are required to implement this across nationwide, start from Klang Valley after June 30 (date if not mistaken) as imposed by BNM.

 

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