Tag Archives: Bouncing Checks

Electronic Clearing of Checks in the Philippines Starts January 2017

[The Bangko Sentral ng Pilipinas (BSP) has approved the implementation of the electronic clearing of checks, starting January 2017. This will speed up the clearing of checks from 3 to 5 banking days, down to 1 day. Issuers must consider the faster clearing of checks to avoid bouncing checks. To assist in the dissemination of this information, we are reproducing the media release of the BSP.] Continue reading

Bouncing Checks (BP 22): An Extended Discussion

(This is a four-part discussion on Bouncing Checks. See the pages at bottom of post.)

Checks will always be an integral part of business, which is why we have a number of discussions regarding checks (see Bouncing Checks [BP 22]). This time let’s have a more extensive discussion on bouncing checks. Continue reading