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Can I make payments with USD cheques drawn from any bank in Singapore?

April 26, 2017Bank cheques drawn PAYMENTS Singapore USD

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Can I make payments with USD cheques drawn from any bank in Singapore?

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UOBKH will not accept settlement by USD cheques drawn from non-participating banks as these cheques take approximately one to three weeks to clear. As shares awaiting positions or contra losses will only be cleared upon clearance of the cheques, this may incur interest for late payment.