Ecobank, GTBank, Fidelity Bank have called on customers to comply with the novel CBN directive on Cheque leaflet revised standards by making efforts to apply and pick up their new cheque books.
The CBN recently introduced New Cheque leaflets with improved security and set standards.
The CBN made this known in a circular sent to all Deposit Money Banks (DMBs), accredited Cheque Printers/Personalisers, and the Nigeria Interbank Settlement System (NIBSS), stated that the revised cheque book will became fully operational from April 1, 2021.
The Apex Bank had earlier warned that the pararell run whereby the old and New Cheque leaflet are allowed to co-exist has since March 31, 2021 ended.
The CBN had earlier extended the face out date of the old cheque leaves to March 31, 2021 and requested compliance in line with more security features and New Cheque leaflet Standards.
Nairametrics reported that GTBank, in a mail sent to its depositors, stated, “We would like to remind you to request for the new cheque book for GTBank Current Account holders. This is because, from April 1, 2021, only the new cheque leaf will be accepted by all banks nationwide.
The new cheque book is in line with the New Cheque Standard as advised by CBN. It has enhanced security features, a new design, and is now available for pickup at all our branches nationwide.”
Fidelity Bank, also in a mail to its customers, stated, “Following the directive of the Central Bank of Nigeria for banks to implement the revised cheque standard with additional security features, kindly contact your relationship manager or visit our nearest branch for a new cheque book if you are yet to obtain one.
The new cheque leaflet has the following additional features: Expiry date, two-digit security code, QR code and standard dating format.”
Meanwhile, a message from Ecobank to its customers stated, “We wish to remind you that effective 1st April 2021, the old cheque books will no longer be accepted through the cheque clearing system, while same will only be accepted for in-branch transaction processing only.
This is further to the revised Central Bank of Nigeria’s circular on implementing the requirements of the Nigerian Cheque Standards and the Nigerian Cheque Printers Accreditation Scheme dated 28th February 2019.
While we advise you to kindly request for the new cheque book (if you are yet to do so) before the cutoff date of 31st March 2021, we encourage you to use our other digital channels so you can continue to seamlessly carry out your transactions.”