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

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?
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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