What Will Change
WHAT WILL CHANGE?
Before: Cheques were exchanged physically by bank representatives in each island.
Now: Cheques will be exchanged electronically.
Before: Funds for regional cheques took weeks to become available.
Now: Funds would be available in three (3) business days providing there is no holiday in any of the related islands.
Before: Customers issued cheques on unavailable funds.
Now: Customers must ensure that funds are available on their account prior to issuing a cheque
Before: Processed cheques were returned to customers with bank statements.
Now: Customers will no longer