The Philippine Clearing House Corporation (PCHC) has reminded the public that checks with the issue date written in alphanumeric format will no longer be accepted in May, except for select cases.
The Philippine Clearing House Corporation has reminded the public that checks with the issue date written in alphanumeric format will no longer be accepted in May, except for select cases.
“We also would like to clarify that the intention of the full numeric date format is to implement a standard for writing the issue date on the check as after cutoff date, said standard shall become part of determining check acceptability for clearing,” the MC read.will be read by clearing banks following the month-day-year sequence, which means that checks dated January 24, 2023 should be 01/24/2023.
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