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Check Image Clearing System (CICS)

 

 

The Philippine Clearing House Corporation (PCHC)  recently announced the start of the  Check Image Clearing System (CICS) implementation on January 20, 2017.

 

Given this, please be advised of the following:

 

Ø  Until such time that the CICS transition is completed, Check Clearing will remain to be 3 banking days. CBS will advise all clients once the new check clearing process time is ready for implementation.

 

Ø  Negotiability of issued checks with Bank Code “042” appearing in the BRSTN code line at the bottom and on the upper right hand corner of the check (refer to images below) will only be until March 20, 2017. 
 
 
 
 
 
 
 
 
Clients with said checkbooks are advised to refrain from issuing the check and to get in touch with their branch of account regarding replacement of their checkbooks.
 
 

The Check Image Clearing System FAQ.pdf

 
 
 

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