Banks to charge for use of Singdollar cheques by 1st Nov 2023, to stop taking corporate cheques by end-2025.
Credit: Business Times If you are still using physical cheques to make payments to your suppliers or vendors instead of using bank transfer, come November 2023, each single cheque will be charged a $0.70 cents regardless of whether you issue out or receive one. At the same time, to stop taking corporate cheques by…