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.
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...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine