POSB Cheque Deposit, What are the details I need to provide on the cheque to 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. 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. Refer to the Quick Cheque Facilities section for details on how to deposit your cheque. When will my account be credited for cheque depos
Please refer to the table below:
| Type of Currency | Cheque(s) Deposited on : | Funds available : |
|---|---|---|
| SGD (Cut-off time 3.30pm, Mon – Fri excluding Public Holidays) | Thursday (before cut-off time) | Friday (after 2pm) |
| Thursday (after cut-off time) | Monday (after 2pm) | |
| Friday (before cut-off time) | Monday (after 2pm) | |
| Friday (after cut-off time) | Tuesday (after 2pm) | |
| Saturday | Tuesday (after 2pm) | |
| USD (Local clearing) (Cut-off time 1pm, Mon – Fri excluding Public Holidays & US Holidays) | Thursday (before cut-off time) | Friday (after 2pm) |
| Thursday (after cut-off time) | Monday (after 2pm) | |
| Friday (before cut-off time) | Monday (after 2pm) | |
| Friday (after cut-off time) | Tuesday (after 2pm) | |
| Saturday | Tuesday (after 2pm) | |
| Other Currencies (non-SGD) and USD (non- local clearing) | N.A. | Minimum of 21 working days |
Note:
If
you need funds urgently or you want to transfer funds or pay bills
conveniently, you may consider the following modes of transfer or
payment:
SGD
- Transfer Funds to Another DBS or POSB Account via DBS Internet Banking
- Transfer Funds to Another Bank’s Account via DBS Internet Banking
- Instantly send and receive money, request for funds, pay bills and more through PayLah!
- Pay Bills via DBS Internet Banking to available bill payment organizations and Credit Card companies
- Arrange payment to local organization or merchant on a regular basis via GIRO