PCHC will open on Nov. 13-15 to accept clearing transactions nationwide despite declaration that these dates are non-working holidays in Metro Manila, Bulacan and Pampanga. Payments and Settlements Office of the BSP, PhilPaSS will likewise open to settle the clearing results. EPCS+ and PDDTS will also be available as usual.
While old format checks will no longer be acceptable for clearing by July 3, 2017 as cut-off for acceptance is set to June 30, 2017, the following however are still acceptable:
1. Post-Dated Old Format Checks accepted and warehoused by banks prior to January 2017
2. Old Format Checks originally presented on or before June 30, 2017 but subsequently dishonored (with re-presentable reason) and re-cleared/re-deposited after June 30, 2017.
3. Old Format CHARGE SLIP or SPECIAL CLEARING RECEIPT used by banks and PCHC in settlement of clearing discrepancies and charges.
4. CICS-compliant checks without pre-printed currency/transaction code (000) on the MICR code line are not old format thus acceptable for deposit/clearing. CICS-compliant checks are easily recognized/distinguished due to the presence of the waiver and authorization statement on the face of the check.
Get in touch with our Help Desk for additional info or concern.