Cheque guarantee scheme to come to an end

Cheques written after 31st December will not be covered by the guarantee scheme and may be returned unpaid, IPSO said in its latest quarterly newsletter.

1st December, 2011

The Cheque Guarantee Card Scheme in the Republic of Ireland is being closed on December 31st 2011, according to the Irish Payments Services Organisation (IPSO).

That means that cheques written and accepted after 31st December 2011 will not be covered by the guarantee scheme, will be treated as regular cheques and may be returned unpaid, IPSO said in its latest quarterly newsletter.

Cheques written and accepted under the scheme guarantee, up to and including December 31st, and...

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