Check Clearing in the Philippines

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  1. Hi po mam. May PDC po ako dated 25th of this month. Kaso kakapusin ako ng 3k pang fund. Though, never ko pa kasi nagawa to kaya I wonder kung anong mangyayari. Since I still have 5k sa loob ng account ko as maintaining balance, ok lang kaya kahit kulang ako ng 3k. Ibabalik ko na lang sa next pay ko sa 30th? Thank you po.

  2. Hello po. I have 3 PDC issued po ng last employer ko. Pwd po ba pinsan ang mag deposit sa account ko. Paalis na kasi ako pa ibang bansa. Thank you.

  3. Hi Nora, Nag deposit ako ng check from BANK A to B Friday 2pm. Kailan ang clearance ng check, Wednesday afternoon ba? Lilian

  4. Hi Edgar, yes, I’m puzzled din paanong nadeposit niya twice yong tseke? Yong cleared check ay dapat nabalik sa bank mo and later to you, or kung ginagawa na yong electronic image clearing system ay i-store ito ng accepting bank at later on ay idi-dispose na. Buti na lang you have funds in your account, kundi nacharge ka pa ng 2k or more for penalties. Kung na-change naman yong date ng ibang PDCs mo, di ba hindi na tinatanggap ang merong erasures ngayon? Paanong nangyari yon? I think BPI will reverse a debit if it’s their fault. You can call BPI and ask how that can happen.

  5. Hi, I issued BPI check sa land lady ko as my payment sa apartment. PDC po sya BPI, ngaun na clear na nya ung cheke ng May 16, and na accidentally daw nya na deposit agad kahapon (may 29) so na clear ung check twice, and I got charge twice din. Pwede ko ba ipa reverse ung pera sa BPI? Kaso BDO ata ginamit nya pang deposit, also dba dapat wala na sa tao na may hawak ng cheke once na clear na sya? To prevent double clearing ng check. Please advise, thank you.

  6. Hi angel, mag-i-issue ka pa lang? Or nag-issue ka na? Kung nag-issue ka na, ask the developer kung naka-warehouse ba ang checks nila, or idinedeposit nila over the counter ang mga checks nila on due dates. Kasi kung sa counter sila nagde-deposit, ask them to deposit your cheque on June 2 (make sure of this again with the secretary or officer depositing cheques, usually nakakalimutan. Call this secretary again on May 30). Or kung mag-i-issue ka pa lang, date your check June 2, if possible. Ang mga banks, kahit mapondohan later on ang account, basta nadeposit ang cheque, at insufficient fund on that time na icheck nila yong account, nagcha-charge sila.

  7. Hi Ms Nora, please help me . mag issue po kase ako ng PDC sa may 30 2017 kaso kulang pa funds ko dhl may 31 or june 1 pa papasok ang sahod ko . kulang pako ng 4k sa funds ko . 9k kse monthly ko eh . mag kakaron kaya ako ng charge kung sakaling mag issue ako sa may 30 ng check? . nag tanung nman ako dun sa developer na kinuhaan ko ng pabahay may 3 days clearing padin daw sila . anu kaya ibig sbhin nun makakahabol pa kaya ako? kse morning ko naman iffund ng may 31 or june 1 if ever malate man sahod ko. thank eastwesk check po gamit ko πŸ™ please help me..

  8. Hi Lorena, sad that banks are not yet applying the one-day clearing system. Your money will be available Wednesday — the 3rd business day from Monday

  9. Hi Miss Nora,
    A company deposited to my BDO account using a Chinabank Check last Friday very late afternoon. The amount was credited to my BDO account just yesterday. How many days will it take for the check to be cleared? Will it be based from Friday or Monday? I really thought that banks are now adapting the one day check clearing.

  10. Hi Clint, sorry for the delayed reply. Saturday is not a banking day; it is not included in the counting of clearing days. Kahapon, Tuesday, available na yong pera mo.

  11. Hi Alora, sana hindi mo dineposit. Sana you encashed the check, para nakuha mo na yong cash, then you deposited the cash. You deposited the check, so regular check clearing pa rin ang susundin nila. BPI yong same day clearing kapag BPI din yong check. Anyway, bukas naman, available na siya.

  12. Hi Ms Nora!Got a BDO check payable to Cash, and deposited it last Friday at 2PM on my BDO account. I asked the teller, when will the fund be available. She told me it would be cleared on Wednesday. I’m a bit confused as to why it took longer than what I expected. My friends said that it should supposedly be “good as cash”. Is it really 3 days kahit dineposit ko sya ng same bank (BDO)?

  13. Hi ms Nora… Nag cheque deposit po ako May 4, 2017 around 1pm. Does that mean this Wednesday pa po ako maka withdraw? Included pa po ba ang Saturday sa Banking day?

  14. Hi Rolinda, on the 3rd business day after deposit date (in the morning), dapat cleared na. 3 to 5 ang sinabi nila kasi ipapadeposit pa nila sa bank.

  15. Hi ian, I hope you have funded it early Saturday morning. If your check was issued to a company and was warehoused, it’s likely na nadeposit ito at na-charged ka na. Kung na-charge ka, pero na-fund mo early Saturday, call BPI and request for a reversal of your charge kasi you have funded your check on Saturday.

  16. Hi, I issued a BPI check thats dated this Saturday. I wasn’t able to go to the bank to fund it today. Will I be charged for an unfunded check or will I still have a chance to fund it tomorrow?

  17. Hi Michael2017, did you deposit it afternoon of March 23? Your money will be available on Tue (if the 3-day clearing is still the one being implemented). But if banks are now implementing one-day clearing, which is their plan with the launch of the electronic check image clearing system this 2017, then your money has been available Friday. I hope you can share with us later on the day that your money cleared. The last time I heard of a check deposited, clearing time was still 3 days.

  18. Hi, Nora! Got a BDO cheque dated March 23. I deposited it to my BPI Account yesterday afternoon. When is it going to be available?
    I checked my BPI ATM balance it’s already there but I wasn’t able to withdraw it?

  19. Hi Meme, kapag ma-prove mo na nagkamali sila sa pag-charge, oo, ire-reverse nila. Ang nalaman ko na na-reverse, yong cheque na due on a Saturday, pero nadeposit on the preceding Friday (warehoused cheque) at nag-bounced. Nagdeposit yong issuer after office hours ng Friday (cash deposit machine), so merong funds for that Saturday. He complained and his returned check fee was reversed.

  20. Hi ms. Nora,
    I issued check that was deposited yesterday, friday.kulang po ang funds,bukas p makadeposit ng pera to fund the amount. Magbounce po kaya yung check?
    Thanks

  21. Hi sarah, sorry I just arrived from the province — weak internet signal there. Nadeposit agad yong tseke on Feb 24 kaya nag-clear agad, at dahil nga wala pang pondo on Feb 24, nag-bounce at meron nang charge for returned check. Yong balance mo ba ay merong extra 2,600 pesos for the charge? Kung walang extra, nakuha yong charge from the money you deposited to fund your cheque, so kulang na naman yong balance, so kung ire-deposit yong cheque, kukulangin, so deposit ASAP at least 2,600 pesos to fund the charge. Check your balance too para you can see your current balance. Kung hindi nakuha yong balance, at kung nadagdagan mo na para kasya na doon sa cheque amount, it’s wise to call your payee to notify them to redeposit the cheque (or issue a replacement cheque if the cheque can no longer be redeposited kasi meron nang new cheque image clearing rules), so you won’t be charged much more.

  22. Hi mam nora, i issued pdc po feb 24 friday po un, tpos nagsend po ako money s bpi feb 25 kc nadelay po ung sahod ko,nun day din po n un nakita ko online na nadeposit n ung pera pero nung gabi po nakita ko po n my unfunded service charge n po nakalagay 2,600 po, anong ibig sabihin po nun?at ibabalik po b ung cheke sa company binigyan ko as a bounced check? Thank u po.

  23. Hi po tanung ko lang po may nag issue sakin ng checke kaso sabi sakin papalitan n lang daw ng cash ung inissue nia saking checke kaso 3 months n ang nakakalipas. Pede ko n b ipasoj ung checke kahit wala silang advise nkapangalan nmn sakin checke at my date naman wala po bang kaso un

  24. Hi ms. Nora

    Mam kasi yung employer ko naghulog ng check sa account ko kaao union bank .. And AUB kasi yung card ko . kelan ko sya pwede ma withdraw mam??
    Thank you.. Sana masagot nyo po agad

  25. Hi Ms. Nora,

    I stupidly forgot that I had a PDC that was issued for yesterday 2/28 and i didnt fund it. Do you think I can still make it in time if I deposit the funds first thing the morning today 3/1?

    Thanks!

  26. Hi Jake, if your client’s BPI branch is in Cebu, most likely the funds will be available on Tuesday Feb 28. But it could also be earlier if the banks are now fully applying the check image clearing system.

  27. My client deposited a BPI check on my BDO account on Tuesday past cut off
    when will the funds be available? My client resides in Cebu i dont know if that makes a difference.

  28. Hi Ms. Nora, I just claimed my HMDF check and it pero naka indicate sa check na sa Makati Branch daw po ng Landbank and I am here in Bicol. What to do po?

  29. Nora, The comments section works again πŸ™‚ I sent you my reply via email though— but glad the comments section works again for me πŸ™‚

  30. Hi Mc, with BDO MC and BPI in Metro Mla, there should have been no problem at all. And I thought the next-day electronic image clearing is already being applied. Or could it be the reason? First-time glitch? Anyway, call your Ayala branch the first banking minutes on Monday.

  31. Same region, but different city. Bank of account is at Ayala branch. Bank of deposit is at Fairview branch. Which one should i contact first thing on Monday? Thanks!

  32. Hi Mc, is your branch of account in a different region from where you deposited? Might take 5 to 7 days, if clearing times have not improved as promised. If the same region, based on experiences, your MC should have cleared yesterday. 1st day was Feb 15. Yes, you should call your branch where your account is, but I don’t know if there’s a BPI branch that opens on Saturdays. I hope there’s just a glitch that will be resolved by Monday or sooner.

  33. Also in this case should i talk to branch where my account is, or branch where i deposited the check? Nope only 1 mc and its less than 500k.

  34. Hi, Nora!

    I think it may just be the normal 3-days clearing? It is a BDO MC deposited after cut off Feb 14. As per my transaction history, it shows up as “deposited Feb 15”– so if I count, then Feb 20th is the 3rd day?

    Can it be just the normal 3-day clearing? MC was from BDO and bank deposited was BPI.

  35. Hi Kelvin, yes, puedeng-puede. 3 business days pa rin. If you deposit in the morning, your money will be available on the 3rd business day. When you count, 1st day is deposit day.

  36. Hi Mc, this is puzzling because Manager’s Checks are supposed to be already funded when issued, and almost never bounce. They said it was put on hold? Is the amount too big? Or too many MCs like these in succession? About your PDC, I think you still have time to remedy things early in the first business hours on Monday. In the meantime, can you ask the source of your MC about it?

  37. Hi,

    I hope this is still being monitored πŸ™‚

    I deposited a Manager’s Check at BPI last Feb 14th afternoon to fund my checking account. The amount I deposited will be used by me as payment for property. I issued a Post Dated Check Feb 20th against this account, which will use this fund. The thing is, when I checked my BPI account Friday morning, the AVAILABLE BALANCE REFLECTED the TOTAL BALANCE- so all was well— but when I rechecked a few hours ago, the TOTAL BALANCE reflects the amount of the check, but this is no longer reflected as AVAILABLE balance. I am worried now because my post dated check that will use this fund is dated Feb 20th! Will my check bounce? I called BPI and they told that they do not know why the amount showed up, but that it is now put on hold— and that I need to contact my branch on MONDAY! Thing is Monday is the maturity date of the PDC I issued against the account on the expectation that the MC i deposited last Feb 14th will fund the account πŸ™

    will my check on Feb 20 bounce? Any idea what happened kaya why the fund showed up this morning, then put on hold a few hours later?

    Thanks!

  38. Hi jane, I hope you have already deposited the 5k this afternoon. If not yet, maybe you still have time if your bank has a cash deposit machine or a cash accept machine, and if your bank’s cutoff is 8pm or 9pm. Tomorrow is too late — you’ll be charged with returned-check fee. Even if the clearing time is 3 days, you need to fund your check prior to due date or early hours of due date. When the check image clearing is fully implemented this year, clearing will take only one day.

  39. hi nora, i issued a check for deposit this feb 8, i am still short of 5k funds. mahahabol ko pa ba ideposit ang 5k by afternoon of feb 8, or morning ng feb 9 considering it will clear within 3 days? thanks

  40. Hi Harold, sorry for the late reply. I hope na-clear na ang cheque mo. Dapat Feb 2, available na yong pera mo.

  41. Hi po, i would like to ask for help, last January 30 2017 3:30pm po nag deposit po ako ng cheque galing sa SLA na sinalihan ko,kailan po sya madedeposit sa atm ko po? ngayon po ba o bukas pa? Salamat po

  42. Hi Jhing, it means hindi pa pala implemented yong same-day or next-day clearing ng PCHC. Your check should clear today Monday, basta you deposited morning of Thursday.

  43. I deposit bdo check at my metrobnk act..last thurs..til now nkfloat..when the cash available and what time? Thanks

  44. Hi ems, palagay ko hindi siguro erasure ang tingin ng receiving teller kaya tinanggap ang check mo. If your bank sees that your signature and your cheque number are valid, then your cheque will clear. Did you deposit in the morning? Check your online account; kung nabawasan na yong account mo, you’ll know that your cheque has been accepted by your bank.

  45. Hello po, ask ko lng po kung papaano ang process ng 3 days clearing for local checks,,????nag-issue po kc ako ng check at hindi medyo maganda yung ballpen na nagamit ko sa check para syang nagkaroon ng erasure,pero tinanggap sya ng bank nung dineposit ko under sa account ng payee….may possibility po ba na itawag yun sakin ng branch of account ko for verification???? or as long as tinanggap sya ng bank and funded naman yung check… magcleared po ba kaya yun without any call from for confirmation????

  46. I sent money yesterday to Ms. Vernalyn tabarangao in cotobato city ph. the amount was 5,000 pesos, it was sent by rustan foreign exchange here in guam u.s.a. the tracking number is 302543, cotobato keep saying it’s a wrong tracking number, what the hell is going on, are they trying to steal the money.. that’s bull shit to me, why only cotobato is giving a hard time where as other cities are not??? pretty much a freaking muslim is holding that… I want an immediate answer.

  47. Hi Gilbert, siguro mas maganda you call UCPB today about after-lunch funding, lalo na ngayon na implemented na yong check image clearing. Merong ibang banks na they will wait until the end of the day (of due date) for checks to have funds, like HSBC (I hope until now), pero yong iba, hindi ko sure. I hope okay sa UCPB.

  48. Hi Nora,

    May cheke ako for toyota financing due ng January 12. pero magkaka pera ako by January 12 din ng after lunch. mag bbounce po ba cheke ko nun knowing na for sure may cheking warehouse si toyota sa ucpb?

    Thank you po!

  49. Hi Jessica, siguro na-delay dahil sa holidays. I hope next week andiyan na sa account mo. Sabi ng SSS, ang time frame for processing is from 10 days to one month. God bless din

  50. Hi ms nora ask ko laNg ilang days po ba ma pwede ma withdraw ang money galing sss maternity benefits?? Settled napo yong status ko sa sss last dec.23. pero i checked it todat wala pa po pumasok.hope i can have aa quick response.Godbless

  51. Pakisagot naman po ilang days po bago mawidraw ang pera galing po ng Europe noong dec 27 pa po nakadeposit sa account ko please pakisagot po

  52. Hi Ms Nora, i deposited check last dec. 27 and when i checked on online banking today i found out that the check was returned na on dec. 28 sa issuer so pano po yun my chance pa ba na maclear yung check or wala na? i thought that it will be cleared today..:( wala na rin kasi kong contact dun sa issuer e.

  53. Hi, meron akong cheque na due on dec 25 which is sun and dec 26 is special non working holiday, can i deposit on dec 27 pag open ng bank? Thanks

  54. Hi Mae, did you deposit it in the morning of Dec 9? If yes, your money will be available on Tuesday Dec 13. If you deposited in the afternoon, it will clear on Wed Dec 14

  55. Hi, what would I need to present if I’m to ecash a check in bdo? And how long does i take for them to actually give you the cash if it’s more than 500,000?

  56. Hi po Ms.Nora ung cheque ko po deposited Dec 2 Friday morning, by Tuesday morning pwede na po ba sayang i withdraw? thanks po.

  57. Hi Christian, kung company ang payee mo at meron silang warehousing agreement with their bank, usually idinedeposit nila on the Friday before Saturday. So malamang returned check with penalty. Pero kapag napondohan mo naman early Saturday, via online banking or their Saturday banking, puede mo ireklamo kapag merong penalty. If your payee is an individual at malamang Monday na niya ideposit, you still have time to fund your check before Monday or very early on Monday. Kung idineposit on Saturday, the check is accepted, pero Monday pa pina-process. So you still have time to fund your check.

  58. Hi ask ko lang po if I issued pdc and the date fall on saturday at deniposit nila that date with insufficient funds mag babounce ba un? Thanx

  59. Hi gudam,i deposited a check at metrobank last saturday around 11am,when is the expectd date i can withdraw if start of clearing is monday and wednesday is holiday?it is posible that i can withdraw on wed.?thanks!

  60. Hi Pearl, sorry kung naideposit ng Monday morning yong 4,500 check, mukhang hindi na umabot yong 11:40 pm online transfer nio. Pero hindi siguro naideposit nang maaga, kasi kung maaga naideposit, sana nakita mo na ang returned-check charges sa account mo online. It’s good na your other checks due Saturday and Sunday were not issued to big companies that usually warehouse their checks, and which are usually deposited the Friday before. More power to your business!

  61. Aabot pa po kaya yung fund transfer ko ng para sa check 11:40 pm po, na overlooked ko po kasi yung isa check 3 checkes dapat ko po pondohan hinabulan ko lang po yung isang check po kasi nawala sa isip ko po

  62. Pagtulong po nabalisa po kasi ako…may check issued po kami dated Nov. 19, 2016, Saturday po, 11, 120 Nov.20,2016 18,722, at Nov.21(Monday), 4,500.00. nagfund po kami Monday for the first two 2 checks..before we sleep sabi ko icheck ko nga kung napondohan ng tama, hala na overlook pala namin pondohan yung 4,500.00, agad kami magtransfer ng fund online para habulan ng fund kaso po 11:40 pm na po..nababalisa po ako baka d na umabot po…

  63. Hi dwight, kung hindi crossed check yan, yes, puedeng i-encash agad today sa EastWest Bank branch indicated on the check. Wala nang clearing, basta uncrossed check yan — walang 2 diagonal lines on the left corner of the check, or walang For Payee’s account only. About fund transfer to BDO, sorry I’m not sure kung puede over the counter sa EastWest. Ang meron sila is for EastWest account owners, via atm and online at sa kapwa Bancnet bank lang.
    Tanungin nio na lang how you can transfer the money to BDO without bringing your cash outside the bank. Ask them kung puedeng bumili sa kanila ng manager’s check kahit wala kayong account with them. Tseke pa rin, pero manager’s check na in your name. Sure na pera na. Then deposit this cheque to your BDO account — deposit in the morning, so it will clear on the 3rd day.

  64. Hi Ms. Nora, Ask ko lang po, nag issued ng cheque yong buyer namin dated today Nov 21. Ang cheque nla is east west bank ipa encash namin today din (big amount sya) may clearing parin po ba? If yes, ilang araw? At possible din ba na direct transfer to our bdo account after namin ideposit yong cheque nila? At ilang days din papasok sa bdo acct namin?

  65. Can I ask advice po? In my case, may issue po sa akin BPI check from insurance ang date ay Oct. 14, 2016. Naibigay po sa akin Nov. 14, 2016.

    Then plan ko po deposit sa CTBC Savings account ko bukas. How many days po yung clearing? Thank you.

  66. Hi Joemark, in Canadian dollars ba yang cheque? Kung dito kasi sa Philippines, dapat ideposit yan in your own Philippine bank account denominated in Canadian dollars at mag-clear usually in about a month. Na-try mo na ba sa PNB? Kasi sila ang maraming PNB RCI offices sa Canada. At saka sa website nila, it says “For most currencies, PNB can purchase notes (cash), checks, incoming telegraphic transfers, and demand drafts.” Puedeng pa-share dito later on kung okay sa PNB? Thanks. I’ll get back if I see something relevant

  67. Hi Kalena, as of today na hindi pa implemented yong planned electronic-image clearing, puede pang iredeposit ang cheque. Yes, ibabalik ang cheque doon sa inissuehan mo, kasi nag-bounced, at siya yong payee. So maybe it’s wise to call your payee’s office to be able to talk with the secretary, so she can confirm it with her boss.
    By the way, about stop payment order, nacha-charged pa rin yon ng the same amount as if it also bounced, if the cheque is deposited.

  68. Hi ms nora. First time ko po nagkaron ng bounced check due to insufficient fund. May inissuehan po ako ng check for parking slot then diniscontinue ko na. Nag usap kami ng maybari and pumayag naman sya na sabi hndi na ipaapsok ang cheke. Pero yung secretary nya, pinasok ang cheke. Kulang ng 1000 yung fund kasi d ko naman ineexpect na ipapasok pa nila dahil ok naman ang usapan namin. Hindi ko din kasi napa stop payment dahil walang robinsons bank dito sa kalibo. So nag bounce na nga po. Tinawagan lng ako ng bank for verification. I paid the penalty, which is 2200. Ang question ko po,sabi ng rob bank, ibabalik daw ang cheke.. Kanino po? Sa akin or sa inissuehan ko? Hndi ko po kasi na clarify ng mabuti. If sakanila po ba ibabalik, hindi na po nila maidedeposit yun? Or puede pa ideposit nila ulit ang returned check? Thankyou po

  69. Hi mrs Nora my name is joemark Pasaporte from cavite. Dati po akong nag wowork sa canada Ngayon po dumating po sa akin yung tax refund na cheque po sya gusto ko pong Itanung sa inyo Kung saan pwedeng ma in cash, kasi po as mga bank na napag tanungan ko ay di po natanggap?

  70. Hi Hannah, did you check your account today? Andon pa yong 5k na maintaining balance mo? Pag andon pa, puede pang hindi magka-charge ang account mo basta you deposit na asap through atm transfer, as you planned. Although it’s to your advantage, parang puzzling na hindi nag-clear on Friday yong cheque mo. Usually kasi naka-warehouse sa banks ang mga cheques ng companies, kaya nade-deposit talaga sila exactly on the cheque dates. Pero kung hindi, then blessing sa iyo kasi makahabol ka pa.

  71. Hi Kim, are you in Baguio? Did you deposit to your bank in Baguio? Diyan di ba sa Baguio yong bank that issued the cheque? If yes, sa Monday, available for withdrawal na ang pera mo.

  72. Hi miss nora, nag isue po ako check sa pag ibig dated nov18, nakalimutan ko kulang po un pera dun, now ko lang naalala, chineck ko po laman ng checking account ko andun po is 5000 na maintaning balance eh un cheke inisue ko for housing loan is 5700, pede ko pa kya mahabol na hindi tatalbog un cheke ko, makakapagtransfer po ako today thru atm fund tranafer, kaso di ako sure kung naideposit na ng pag ibig un cheke ko pano kya po mangyayari dun?

  73. Good morning po.tanong ko lng po sana kung kylan ako makakapgwithdraw kc po ngdeposit ako ng check nung Nov.17 thursday eh my clearing process dw po.mga anong araw ko po kya pwde mawithdraw ung deneposit ko.thanks in advance

  74. Hi mrs Nora. Tanong ko lang may dineposit na loan proceeds yung company ko na galing sa Pag-ibig noong Wednesday morning Nov. 16 sa BPI. When would the funds be available? Sa Nov. 18 morning po ba?

  75. Hi davril, kung tama yong intindi ko na ang “late clearing” ay “late for clearing,” kagaya mo, puede nga uli sa morning ng Friday. Ang late clearing kasi ginagamit nila sa halimbawa “nag-overdraft kasi merong late clearing check,” meaning merong check na hindi na-cleared on time. To be sure, tawagan mo na uli yong payee mo at early office hours this morning at i-clear mo kung ano yong meaning nila ng ipapa-late clearing — kung ang meaning nila ay idedeposit nila after cutoff sa bank nila. Sori na hindi ko ma-sure yong reply ko. I admire you na sabi mo you don’t know so much about checks pero ang laki ng mga payables mo, ibig sabihin malaki ang gross sales mo, so again, I wish you more power in your business.

  76. hi nora good evening its me po again..nahabol ko nga po kinaumagahan hehe salamat ng marami..may katanungan nanaman po kasi ako…kanina po tinawagan ko yung na issuehan ko ng cheke dated tomorrow nov 10..sabi ko po na baka pwedeng wag muna nila ipasok sa bank yung cheke kasi baka hindi ako maka abot kasi medyo malaki nanaman ang hahabulin ko..sabi ko po na sa friday nalang po muna nila ipsok..sadly hindi pumayag ipa move but ipapa late clearing nalang daw po nila bukas..yun nalang daw po magagawa nila…
    ang tanung ko lang po ay ano po ba yung late clearing?pag late clearing po ba ay mahahabol ko nanaman po ba yun sa friday nang umaga yung kulang ko po?marami pong salamat bago lang po kasi ako sa cheke cheke na yan kaya po maami po ako hindi na intindihan po..thank you po ulit

  77. Hi davril, oo masakit talaga ang mga returned check fees. Kung hindi crossed, puede kasing ipa-encash ng payee mo over the counter sa Eastwest branch mo yong check, so dapat andon na talaga yong pera sa moment na yon. I wish you enroll online. While you’re at your Eastwest branch, ipa-check mo yong mobile number mo sa kanila if it’s in this format: +63____, kasi when I enrolled sa Eastwest online banking, itong format ang gusto, at dapat ganito ding format ang nasa branch. I wish you more power in your business.

  78. hindi po crossed ang inissue ko po,,nagtanong po ako sa teller past 5pm na po kanina kasi last minit na po ako nakahabol..wala din po ako online banking sa eastwest ..
    yung dinepo ko po nung monday at ngayun araw nag reflect pa po sa computer kanina..meaning po ba nun hindi din po pinasok nung inisuuehan ko yung cheke na para kahapon kasi nasa account ko pa po yung 83k po?

    opo hahabulin ko tom morning sana nga lang po makahabol pa..kasi masakit sa dibdib ung fee pag nag bounce..salamat po sa mabilis na reply medyo nakaluwag luwag ng damdamin me pag asa pa..

  79. Hi davril, crossed ang mga inissue mo? Yong oras ng pagtanong mo sa teller, just before closing na? Or you called over the phone after business hours na? If yes, puede mo pang habulin na ideposit yong kulang na 7k para hindi mag-bounce yong isang check. Dapat you deposit in the morning, before noon. About your tanong kung hindi napasok ang check: Yes, puedeng hindi nadeposit, or puedeng after cutoff na noong idineposit. I wish lang na you have online banking so you can track your balance at night.

  80. hi Nora..may question lng po ako..kasi nag issue ako ng check dated monday nov8 82k tapos napondohan ko naman din nung araw na yun..may dated check din po ako ngayun araw tue nov 9 worth 43k nakapag pondo nmn po ako kaso kinapos ng 7k..balak ko pa sana habulin bukas
    nagtanong ako sa teller magkano po ang pondo ko..119k pa daw po at wala pang pinapasok na check ngayun araw..possible pa po ba mahabol ko bukas ng umaga ang kulang ko ksi wala pa naman daw pinapasok na check kanina?kabado lang po kasi ako kasi ayaw ko na mag bounce..ibig po ba sabihin hindi pa naipasok ng na inissuehan ko ung cheke kaya hindi nag reflect po sa computer??thank you po

  81. Hi Joe, hindi ko pa nasubukan ang Citibank, pero other banks like Landbank, Union Bank, PNB, naka-encash na ako ng crossed manager’s check sa issuing branch. You can call their hotline 995-9999

  82. Hello mrs nora, ask ko po kung mapapa encash ko po ba sa branch kung saan galing yung cheque na galing sa previous company ko po as backpay galing po sa citi bank makati yung cheque eh, nagtanung tanung na din po ako kung pwede kaso gusto ko lang po mag tanung just to make sure thanks po

  83. Hi glenn, subukan mo lang na ideposit, kasi hindi ako sure. Ang BDO kasi usually exclusive ang payroll accounts nila, at ayaw nila ang over-the-counter deposits. Kung malapit lang yong issuing UCPB branch, you can try encashing over the counter sa branch na yan. Merong cases na kung manager’s check, ini-encash ng bank kahit crossed cheque.

  84. Hi po pwede po ba mag deposit ng ucpb cross check sa aking bdo payroll account? Yung amount lang nman ni lower than 10k.. ty po

  85. Hi Cecille, if you deposited in the morning, before cutoff, your money was already available Friday. If you deposited after cutoff, your money will be available Monday.

  86. Hi Tessa, basta merong pondo ang cheque, magki-clear yon, kahit hindi matawagan ang sister mo. Dapat yong amount na isinulat sa cheque, andon yong amount na yon sa account ng sister mo agad-agad on the date of the cheque para hindi mag-bounce or hindi maging returned check. Yes, automatic ang clearing, regardless of whether natawagan o hindi.

  87. Hi, what if nagissue ng check yung sister ko, then, may clearing yun, pero nawala yung number na assoc dun sa account, so hindi sya matawagan, will it be cleared automatically on the 3rd day? Or returned check na sya?

  88. Hi Nora. I’ve received a manager’s check from sterling bank yesterday for a loan. If I will deposit the check today in my bpi payroll account at 9:00 AM, when will the fund be available for withdrawal considering that it’s a holiday on Oct 31 and Nov 1?

  89. hello po. ask ko lang po kung nagdeposit po ako ng cheke last saturday when ko po possible makita kung ok na ung money..

  90. Hi mace, if you issued your check to a person na walang cheque warehousing at sure mo na idedeposit niya ang cheque sa Nov 2 pa, puede pang pondohan online night of Nov 1 or over-the-counter first banking minutes of Nov 2. Pero if your payee is a company, yes, you’re right, fund it on Oct 27, Friday, kasi most banks clear their warehoused weekend-due cheques on the preceding Friday.

  91. hi ask lang po if i issue a check dated oct 30…falls on sunday and 31 and nov 1 is holiday..should i fund it on the 28 or can i still fund on nov 2?

  92. Hi Darlyn, sorry hindi puedeng ideposit sa account mo ang cheque na hindi nakapangalan sa iyo, kahit the same surname. Dapat exactly the same first name and surname and middle name, if middle name was written. For your other question, yes puedeng ideposit ang cheque ng ibang bank sa yong bank, basta the same payee name as your account name.

  93. Hi Ms. Nora, possible po ba na maideposit po ang sss check ng asawa ko sa account ko sa bdo, maski ibang bank po cla, and 3 days clearing time pdin po ba? TIA.,

  94. Paano po pag nag issue ako ng PDCs tapos yung date po natapat ng friday at insufficient pa po yung amount sa checking acct ko. Pwede pa po ba yun malagyan ng funds ng monday na hindi ako magbabayad ng penalty?

  95. Hi Kens, no, Saturday is not a banking day even if BDO opens its mall branches on Saturdays. Yes, your cheque will clear on Monday. But soon, when the electronic cheque clearing is implemented, hopefully, we’ll have a one-day clearing system.

  96. is Saturday counted as banking day? I’ve deposited a Manager’s check from Citibank to my BDO account last Wednesday but since it was already beyond BDO’s cut off, it will be deposited on Thursday. Will it be available on Saturday or I need to wait for Monday?

  97. Hi ms. Nora. ask ko lang kung ilan days ba bago ma clear yung check na dineposit sakin. kasi may nagdeposit sakin ng cheque from BDO fairview branch. ang branch ko po ay sa BDO pasig. 3pm siya nagdeposit. ngayon, nagreflect na sakin yung pera pero sa current balance siya nakalagay. wala pa siya sa available balance. ilan days po kaya bago mapunta sa available balance yung dineposit sakin? thank you

  98. Hi ms. Nora. ask ko lang kung ilan days ba bago ma clear yung check na dineposit sakin. kasi may nagdeposit sakin ng cheque from BDO fairview branch. ang branch ko po ay sa BDO pasig. 3pm siya nagdeposit. ngayon, nagreflect na sakin yung pera pero sa current balance siya nakalagay. wala pa siya sa available balance. ilan days po kaya bago mapunta sa available balance yung dineposit sakin? thank you

  99. Hi Marvin, the teller who accepted the cheque will deposit the cheque to your client’s account Monday, so dapat pondohan mo agad Monday. Kung Metrobank din ang bank ng client mo, dapat you fund your cheque first business minutes Monday, kasi hindi na dadaan sa clearing, fund transfer na lang. Kung another bank, meron kang konting leeway, puede pa palagay ko early afternoon, pero fund it asap Monday.

  100. Hi ms. Nora, I issued mrtrobank check dated oct. 14. I ask my client if the check is deposited.she answe yes..aroubd 4pm on friday. saturday morning i check my account online hindi pumasok ung checke…then tumawag ako sa head office..wala daw cla nkikita sa account ko n punasok na checke..then sabi ng nkausap ko kubg sa clearing dapat pumasok n xa on second day..Yesterday nagamit nmin ung fund ng checke…possible po kaya magboubce un bukas..monday? Or papasok p lng sa account ko ng tuesday kasi late deposit xa

  101. Hi Eiya, pag company yong payee mo at nasa bank na yong check mo noon pa (merong warehousing agreement ang company with the bank), malamang meron ka nang penalty, kasi ang mga banks, they clear warehoused cheques due on a weekend on the Friday or business day prior to the weekend. Pag individual person, malamang hindi naman niya in-encash yong cheque mo sa Friday, so fund your cheque today or earliest business hour tomorrow. Make a balance inquiry today so you can see the status of your account.

  102. Hi Laine, regional check ang tawag kapag ang check ay inissue ng bank located in a different region or area code. Halimbawa ng regional cheque: You’re here in Metro Manila and your bank is here in Metro Manila. Nagbayad ang buyer mo ng cheque na issued from her bank in Pangasinan. When you deposit this cheque into your Metro Mla bank account, your bank will consider your cheque as regional cheque — will be cleared in 5 to 7 days.

  103. Hi Jessica, yes, because that’s the normal clearing time frame for local checks. I’m even hoping that with the new policy of check clearing based on the electronic image of the check, projected to start later this year, the number of clearing days will be reduced to 2 or same-day clearing.

  104. Hi Nora, my client deposited BPI check to my BDO account as payment yesterday afternoon past the cutoff time. When will be the funds available for me to withdraw? Thank you

  105. Hi! Last time i deposited a check from security bank to bpi.wed. and able to widraw friday. Is that possible na maulit ulit na ganun lang kadali?

  106. Hi Chi, yes, by Friday, available for withdrawal na yan. Pero kung umabot sa cutoff ang check mo last Monday, at local check yan, dapat later today, Wednesday, available na ang pera mo.

  107. Hi Ms. Nora Nagdeposit po ako ng cheke sa BPI account ko Monday around 12. Yung cheke po is from HSBC. When ko po sya pwede ma withdraw. Pwede na po ba ng Friday?
    Thank you

  108. Hi Ms. Nora, good evening. I deposit an SSS loan check by PNB last friday July 29 at 10:05AM in my BDO account. When it will be cleared or available. Thank you for your immediate response.

  109. Hi Miss Nora

    Ask ko lng po f pwd sister ko magdeposit ng bdo check na nkapangalan sakin, sa bpi account ko. At the moment po kasi nasa UK po ako. Dbah po need po na may pirma ko yun sa likod? Ask ko din po sakali f d pwd ano po nirerequire ng bpi pra madeposit po ng ate ko ang cheke sa account ko. Thanks po and God bless πŸ™‚

  110. Hi Ms. Nora, good day po. May tanong lang po ako regarding with this issue. I have a checking account with BDO. Now, i was informed that my issued check of 12000 has been deposited before cut off time, since hindi na ko nakahabol sa regular banking hours, nag online transfer and nag transfer through atm na lang po ako using my friends atm since wala ng lamang pera ang mga account ko with the same bank. It happened before 10pm. Ngayun po mga 11:30pm nagcheck po ako online. Nabawasan na po ng 1200 ung account. Sino ho ang nagbawas nun? yung presenting bank o yung bangko ko po? Pero hindi po ba may window time naman 2am to 7:30 am si BSP bago e return ni PCHC yung DAIF na check? Meron po ba kayong similar experience?
    E rereturn nga po ba nila yung check ko po? o itutuloy nila ang pag process na check ko? pano na po ang nabawas na 1200?

  111. Hi. paano po ba yung process for crossed check sa china bank? Paano po madedeposit yun sa RCBC account ko? Salamat po.

  112. Hi Yang, yes, you’re right, sa Monday na. Basta local check ito, meaning within the same region yong issuing/drawee bank at bank mo.

  113. Hi po! I just want to ask,what if yung BDO cheque was deposited to my PNB account on wednesday afternoon,Sa monday na po ba ung clearing ng cheque?

  114. if I deposite a check last wendnesday afternoon around 1:30pm in Metrobank,is it sure that I can withdraw it now(Monday)? what possible time? thanks!

  115. Hi Mae, sorry my reply is delayed. I had commitments. Meron tayong Phil. Clearing House Corp. (PCHC). Almost all checks na dinedeposit sa different banks before cutoff, dadalhin doon sa PCHC. Iipunin, aayusin at ibabalanse ng PCHC. Then dadalhin yong mga checks (in sets na) sa banks ng issuers ng checks para tingnan kung walang pondo o meron. I-clear kung merong pondo at i-penalize kung walang pondo. This takes 3 to 7 days. This year, it will be faster — PCHC is transitioning to the electronic system. Wala nang physical na biahe ang mga checks. I-scan na ang mga checks at hindi na sila ibibiahe.
    About the Central Bank: chaos ang banking system kung walang central bank. Kelangang merong regulations na dapat sundin ng every bank para maayos ang banking system at financial system ng country. Regulations are needed to protect people’s money from bankruptcy and fraud, preserve the country’s monetary system, foreign exchange, fund transfers and the economy. Read this for more info: http://www.bsp.gov.ph/about/functions.asp

  116. Hi Richie, yes, you can deposit any check to your account because it is a savings account. If you opened your account in Metro Manila and the check was issued by PAGCOR Metro Manila, then your check will clear on the 3rd business day.

  117. Hi I have check from PAGCOR under my name can I deposited it into my BAnk of Commerce Sikap Pinoy account? and how many days it will be cleared? Thanks

  118. Hi Abbi, sorry at late na reply ko. I had other commitments. Maybe you already have seen that your check bounced and that you were charged the returned check fee plus 200 pesos or more per day, Sat and Sun counted). Next time, specially now that the electronic clearing system is on its implementation stage, fund your check the day before its due date, or if budget is tight, within the first few minutes of your due date.

  119. Hi Jon, hindi yon magsu-sue. Ano daw yong kaso? Ikaw ang merong reason to sue because you were the one not paid, and you have the bounced check as proof. You try sa small claims court. They have increased the cost in question from 100k to 200k. I have not tried filing at a small claims court, so i-search mo na lang online yong process, like this by the Public Attorney’s Office.

  120. Paano po ba tumatakbo ang clearing process? And what if po kung di nag-eexist ang central bank. Need your response as soon as possible. Thaaaanks.

  121. Hi mam. If deposit on my bdo using Metro bank check done Friday before lunch, when ma clear ang fund ? Thanks

  122. Hi ms ask ko lang po, nag issue ako ng check PSbank , dated July 15, friday po, d ko po napondohan agad kc sobrang busy din, kasama po ba ang sat and aun sa clearing , or monday morning pwede ko pang habjlin sa banko at mapondohan po , pls enlighten me

  123. Hi Ms, question po. I run a small trading food ingredient business and i have this client na nagbayad ng post dated check. We have 12 days terms upon delivery of ingredients used for a restaurant. So, july 1 came the date of the check client informed not to deposit check kasi wala daw sya pondo. So i gave her extension, til such time inabot ng 2 weeks i told her na dedeposit ko na check may pondo man o wala so sabi nya magbabayad na talaga sya. turned out na less than half of total amount lang binayaran nya, we were assuming na full payment given na extended na nga terms. So nagulat ako. Binigyan ko another extension more than 2 weeks, almost follow up client everyday on update of payment but no response. I decided to finally deposit to check dahil baka tinakbuhan nako, at least may evidence ako. after depositing, nag violent reaction client tumalbog daw check at ma charge daw sya. Galit na galit na parang ako pa may kasalanan na walang pondo account nya at utang na loob ko pa na magbayad sya. Sya pa daw mag take ng legal action at she might sue me pa daw. Nakakatawa naman ako pa sue nya eh ako mga victim ako di nabayaran. Malakas po ba laban ko dito? At maya karapatan ba sya magreklamo?

  124. Hi Cher, merong penalty if the issuer of the check was not able to fund the check. A check is issued to pay something, so kung walang pondo ang check, walang value ang check, hindi nabayaran yong dapat bayaran. Parang nanloko yong issuer, although hindi naman lahat manloloko. The penalty is imposed to prevent people from issuing unfunded checks. Kelangan kasing ma-preserve ang integridad ng tseke. Kung maraming bounced checks, mawawalan ng tiwala ang society sa tseke, at hindi na siya magagamit, so kelangang i-force ang tao to fund checks by imposing penalties.

  125. Hi Wawie, yong check na ii-issue mo ay due July 11? Dapat merong cash na pera sa BPI account mo ngayon ding July 11. Yes, you will incur penalty. Kung ang BPI check mo ay due July 12 naman, dapat bukas July 12 morning, meron nang cash na available sa BPI account mo. Ang Metrobank check ay magke-clear on the 3rd business day, so late na late na siya. May penalty na 2,400 at 200 pesos per day until your Metrobank check clears. Kausapin mo na lang ang Bangko Mabuhay na you will pay on the day you have your money via a promissory note. Kung ngayon ka pa lang made-delay, baka naman they will consider.

  126. Hi, Magi-isue po ako ng BPI check as payment sa Bangkok Mabuhay (Rural Bank). But ang gagamitin ko ding pangfund sa BPI checking account ko is check (Metrobank) din. Magkakaron ba ako ng penalty if madedeposit ko ung fund check ko sa BPI by tomorrow morning and ibayad ko ung BPI check sa Bangko Mabuhay ng after lunch of the same day?

  127. Hi hepe, you can check your account on Monday. If none yet, your money should be available Tuesday. I hope you enroll in Eastwest online banking so it will be easier for you to check your balance.

  128. hi nora, may dineposit na check sa akin last july 7 on my eastwest accnt. paano ko machecheck status ng clearing? di ko alam what time nla dineposit? thank you, nora.

  129. Hi Aiza, kung ipinambayad mo yong check, dapat merong resibo kang matanggap, katunayan na nagbayad ka na, although babalik din naman yong negotiated check sa iyo through your bank (another proof na nakuha na nila yong pera, basta nakasulat yong name of payee sa check). Pero later on this year, hindi na ibabalik ang negotiated check dahil electronic clearing na. Ikaw ba nagbigay ng check or ikaw tumanggap ng check?

  130. Hi Macon, my thinking was that if your cheque was accepted at another bank June 1 and not deposited June 1 but accepted only for deposit June 2, your branch would have received your check June 2, then processed June 2, and your check should have been good and had no penalty. Maybe your check was received by your bank late on June 1 and was processed June 2. I hope your penalty was only one-half (1k or 1,200).
    By the way, I hope you’re already using new-format checks, the one that has this: “I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to ___”

  131. Hi dex, parang 1pm yata ang cutoff ng BDO, I forgot na. So puedeng umabot ka pa sa cutoff. If the teller processed your check at walang sinabing “bukas pa ito ideposit ah”, your check will clear on Monday. Yes, 3 days clearing kahit nga BDO check to a BDO account. Where did you see 1 day clearing? Sa loob ng BDO? Baka kapag BDO check to a BDO account in the same branch. Ang alam kong 1 day clearing ay yong BPI check na ideposit sa BPI din (any branch). God bless din
    By the way, I remember that this year pala yong implementation ng electronic clearing. Merong bang ganito sa RCBC check mo? sa baba ng amount in words: β€œI/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Bank of the Philippine Islands”. Ito yong 1 day clearing, kung gumagana na itong system na ito. Pag malapit lang ang atm, icheck mo na lang mamya o bukas.

  132. past 12pm kahapon n depo po ung rcbc n check s bdo accout ko po. Mga monday po b un? Ano po ung 1 day clearng n nabasa ko po…tnk u so much po…ang branch ng bdo accnt caloocan ang rcbc malabon so 3 banking days pdin po. tnk u so much po God bless.

  133. Hi dex, yes, 3 banking days of clearing for local checks. Your check should clear on Monday (if deposited in the morning); Tuesday, if deposited after cutoff.

  134. Hi po ask lng po ng depo ng july 7 s bdo pero po ung check rcbc po kailan po magood po un?

  135. I’m not sure if it was the same bank or different. I funded my check Jun 2 at 3am and the transaction history shows the check was rejected Jun 2 as well when I called the bank they said that it was deposited Jun 1, that was the reason I asked if they debit it banking hours the next day if it was after cut-off. The bank can’t give me the time when it was debited. I was charged for penalty.They give me different answers when I called.

  136. Hi Macon, I should have asked if the issuer’s bank and payee’s bank are the same bank (or if both are BPI; clearing for BPI check deposited to a BPI account is immediate). If you’re the issuer, you might have some leeway if your payee is depositing to a bank different from your bank. You should fund your check the first banking hours today (this only works, meaning no penalty yet, if your payee deposited after cutoff yesterday, and it was to a different bank).

  137. Thank you for the response Nora, if it was after cutoff do they debit that Jun 2 banking hours?

  138. Hi Macon, if the cheque is deposited in the morning of June 1, the amount will be debited from the issuer’s account June 1. If deposited after cutoff and was accepted, with the teller saying it will be deposited the next day, the amount will be debited June 2.

  139. Hi Era, sorry you cannot deposit a cheque in your name into another person’s account. You can deposit your cheque into your own savings/checking account in any bank in the Phils.

  140. Hi po, ask ko lang po. Yung company po namin nag issue sa kin ng check para sa maternity banefits ko. Bali UNIONBANK po yung check. Ang problema po walang malapit na union bank dito samin. Pwede po ba na dalin ko yung check sa BDO bank tapos ideposit ko sa Account ng husband ko? Possible po ba un? Salamat po. God bless

  141. If the issued check is dated Jun 1 and and was deposited June 1 when does it get debited to the issuers account?

  142. Hi Joan, most likely your cheque did not yet clear because it was deposited past the cutoff last Wed. It was placed for clearing on Thu, so it will clear on Monday (the 3rd business day). But you can check using your atm card if you’re near an atm.

  143. Hi I just want to ask if I can withdraw today (Saturday) the amount of cheque I deposited last Wednesday 5:30 pm in my savings account in BDO

  144. Hi Andy, your account must have some cents or few pesos in it because your cheque was accepted for deposit. Usually accounts (except Easy Saver) that get to a balance of 0.00 or negative are automatically closed. You can make a balance inquiry to check your available balance and your current balance.

  145. Hi, I deposited po a cheque issued by union bank to my bpi accoount. Is it required that my atm has a balance when I deposited the cheque?

  146. Hi Olivet May, when was the check deposited? If the check is local, it will clear on the 3rd day from deposit date. He can check his available balance on the 3rd day.

  147. Hi! A check from BDO was issued to my son and deposited in his account at Union Bank. When he tried to withdraw from his Union Bank AtM, the comment was “insufficient funds”. What could be the reason for this and how may my son withdraw his money in that check through atm?

  148. Hi Rona, try depositing your check to your Metrobank payroll account. Some payroll accounts are regular accounts; some are restricted accounts. If your payroll account does not accept check deposits, open an atm savings account at a bank you like (BPI and BDO are good because they have a lot of atms). The atm savings account of BPI Family Bank has a maintaining balance of only 1,000 pesos. About clearing: When you deposit your check, the amount will be credited to your account, but will not yet be available for withdrawal. It will be okay for withdrawal on the 3rd business day.

  149. Hi jj, yes, your check was still short, and it most likely has bounced. Check your checking account balance, as the penalty might have already been deducted, so you need to deposit at least 2,100 or 2,500 or more, depending on the number of days passed since your check bounced. The check should be sufficiently funded on the morning of the date of the cheque (a few banks might give a few hours of allowance), or before the check is presented to the bank.

  150. Hello I have EW bank check issued as loan payment.
    I just found out that the fund was short of less than 100 pesos. 96 to be exact.
    does this mean my check will bounce?, and based on what I read searching check clearing, it indicated that even if there is a clearing period, I will no longer have the chance to fund my check the next business day.

  151. Hi Ms.Nora..i will claim my back pay / final pay on Monday..I called my previous employer just today and they said its already available and I can get it on Monday..my question is, its states here FINAL PAY CHECK IS FOR DEPOSIT ONLY TO YOUR PERSONAL SAVINGS ACC WITH 3 BANKING DAYS CLEARING TIME..i cant understand the process..and i have here metrobank debit card (my payroll acc on my previous employer) please give me some info..thanks..

  152. Hi Emer, no, Saturday is not counted as a banking day, and there’s no clearing on Saturdays even if some BDO branches open on Saturdays or even if they accept cheques on Saturdays.

  153. Hello po. How many clearing days if it’s check deposit from Manila to the province? Bdo to metrobank? Thank you.

  154. hello quick question. i dont have any idea what to do im new to check deposit. i do have a metrobank check and would like to deposit it in my bpi savings account. question is, what bank should i do the transaction, should it be in metrobank or in bpi?

  155. Hi Sir, I have a question regarding a check po na nadeposit ng insular life insurance (BDO check) sa UnionBank account ko today April 6, 2016, when will it be availble pra mawithdraw ? Netweek pa po? Sa mobile app po ng Unionbank my avail bal pero for local clearing pa daw po?

  156. hi miss nora. ask lng po ako if pwede ma deposit yung metrobank check to a bpi account. if so anong requirements and how many days yung process. thanks po.

  157. Hi Lea, your check should have cleared already, as long as it’s not an overseas check, and as long as your check was sufficiently funded. You should call BPI today.

  158. Hi Maneth, you deposited past Friday’s cutoff — Metrobank should be able to post your cheque amount to your account today. Your cheque should clear on Wednesday

  159. Hi Mac, banks say clearing for regional checks takes 5 to 7 days, so I’m not sure when your cheque will finally clear. But it’s good your cheque amount already appeared in your current balance Saturday night. There was a Saturday I deposited a local cheque at BDO, and it was posted Monday and cleared Wednesday.

  160. Hi Ms.Nora! A metrobank check from Palawan was deposited to my bdo account here in Manila after lunch of last Saturday(April 2). I saw that night that it is on current account already. When it will be cleared considering it is from palawan, and from a different bank?

  161. I deposited my RCBC cheque in metrobank last april 1, around 2pm in my metrobank account, but when I check it, there is no transaction indicated that I deposited an amount of money to my account, do I have to wait for 2-3 days before it reflects on my account? thanks..

  162. hi mrs nora, when is the clearance for a check deposited at BPI last march 22, 2016. how many days will a cheque clear if the amount is 7 digits. thanking you in advance for the response.

  163. gudam Mam Nora ask lng po if kelan pwd mawidraw ung amount nung check if i deposited the check last march 29 at 2pm..the check is eastwest and deposited to my savings acct at DBP bank.thanks

  164. Hi cath, it’s most likely you already got your money. If I was able to reply earlier, my reply would have been that the money will be available Tuesday.

  165. Good evening Nora yes I’m from visayas..hopefully well have our salary by tomorrow..vy the way can we check the local bank like eastwest bank Dumaguete? Thanks for your assistance..

  166. Hi Christin, if your cheque was issued locally, clearing is only 3 days. If regional, clearing takes 5 to 7 days. If local and deposited March 23, the cheque should have cleared March 30. Are you in the Visayas? Maybe it’s a Metro Manila cheque. And I really hope you get your salaries today.

  167. Hi I’m with a bpo. Our head told me our check was billed last Wednesday March 23 but did not yet clear because the bank opened only half day and until now we have not yet received our salaries because the checked has not yet cleared. Why does it take so long? If it’s true because usually clearing is only 3-4 days

  168. Hi ms. Nora, i just wanna ask. I deposited a cheque to my account with bpi last tuesday around 4 in the afternoon, unfortunately it was holy week so it’s possible it was not processed within those days. is it possible the money is available by tuesday (Mar. 29?). the teller that I spoke with told me that Wednesday is counted as one of the 3 business days. Is the money available by tuesday morning? Thanks for the response.

  169. Hi po mam nora i will issue a cheque po using hsbc premier ma in cash po ba un ng friend ko same day na i issue ko po un check i will put cash on it? Also can she in cash my hsbc premier to any other bank?

  170. Hi Nora. Would you know the cut off time for clearing ng checks in Manila? My account is in CDO and the Manila issued check will be deposited in BPI Manila. Bale, inter branch deposit. And how long po ang clearing nun? thanks po

  171. Hi michelle, you should check your balance now, either via atm or online, so you can see if Pag-ibig warehouses its cheques. If it warehouses its cheques, it’s most likely that your cheque has already been returned, and you will be charged. I hope you have at least 3,200 in your account to cover for the charges, so it won’t automatically close. March 26 is a holiday/Saturday, but banks routinely encashes warehoused cheques the last business day prior to the holiday/Sat/Sunday. Warehousing a cheque means giving PDCs to a partner bank for safekeeping, clearing and crediting to Pag-ibig’s account.

  172. hi ms nora I issued a pdc dated march 26,2016 to pagibig fund but it will be on march 28 that I have something to deposit to have sufficient funds. I’ll deposit at opening time. Will the check be returned? WIll there be penalties and charges? Will there be an effect on my account? since 3/16 is a holiday?

  173. Hi Dorothy, yes, clearing will take 3 business days. If you deposit tomorrow morning (Wed morning), your check will be available on Tuesday next week, as Thu and Fri are holidays. It’s only BPI that clears its own checks the same day.

  174. Hi Ms Nora, Good day! Ask about check deposit. If I deposit a check from eastwest to my account at eastwest also, meaning the same bank for the check and personal account, how long is the posting or clearing period? does it take 2-3 days for the check to become available? Thanks

  175. Hi Curvy Ann, yes, you can deposit it to the cheque payee’s BPI account if the name on the cheque and account name are the same. No, do not sign the cheque. Signature is not needed. No, ID is not needed. But bring your ID just in case.

  176. Good evening. Hi ms nora can I deposit an eastwest cheque to bpi. Same account name. But the problem is the cheque payee is not here. Can I deposit it? Does it need signature? Or id? Thank you so much po

  177. Hi Marlon, sorry for the delayed response. Since it’s been more than 24 hours since you commented, you should have known by now if you have been charged. I hope there were no unfunded/insufficient charges as it was a technicality error. Yes, the BPI teller should have not accepted your Metrobank check as it was inadvertently postdated.

  178. Hi Ms Nora, I issued a Metro Bank check for transfer of funds using Bills Purchased to BPI on March 9 & both banks are the same account name.
    But suddenly I forgot that the check was dated on March 10, 2016. Our bank did not inform us on that day but they do in the previous incident.
    Then on that day our checks process through clearing in the clearing house after their cut off time.
    Next day, March 10, our Metro Bank inform us that we have a returned check & credited on that day.
    We have an online access to view transactions on BPI account and I have notice that the check I issued on March 9 was credited as BP, it means it was accepted but returned on March 10.
    Question:
    Is there any penalty on that transaction even there’s no insufficient of fund have made.
    Why they accept the check even its not dated.
    Thank you
    Marlon

  179. Hi kenn, your money will be available for withdrawal on Monday (assuming your check was issued by a bank branch within Metro Manila).

  180. ask lang. I deposited po check yesterday (wednsesday) afternoon between 2 to 3pm. When will the check clear and available for withdrawwal? tnx

  181. Hi joan, my blog sponsor requires me to write in English. I’ll delete this later on.
    Sorry pero hindi ko ma-gets… Paano kaya ma-clear sa BDO eh wala ngang dumating sa BDO? Ano ba ang ipinadala sa BDO? Pera o cheque? Bakit kelangang icancel at mag-issue ng new cheque? Di ba ang nireremit ay cash, hindi cheque?
    Ganito yon, halimbawa lang nagpadala ng cash sa account mo, hindi madedeposit kasi closed account na. Pero ang gagawin ng BDO, ihohold lang ang cash at aantayin ang mag-claim. Ngayon, nag-claim ka, sasabihin ng BDO, “Close account ka na, so i-advise mo yong sender mo na i-change or i-amend from deposit to cash pickup.” So ikaw, sasabihan mo yong sender mo. Yong sender mo pupunta sa remittance company at sabihing change from “account deposit” to “cash pickup”. Yong remittance company i-message sa BDO, change to cash pickup, at ayun puede mo nang kunin over the counter (reference no. to be sent to you by your sender). Ano yong aantayin daw nila sa BDO?

  182. Mis nora its not wire transfer yta. Basta ang sinabi saakin mahuhulog sa account ko ng 7working days nung ngpunta ako ng bdo wala nmn po sila makita my ngpdala po saakin. O kahit close account n po yun account ko mapepending dw po kung meron ngpdala.. d nmn po ksi maibgay yung reference no.po saakin. Ang ginwa ko po inadvice ko yun sender n pumunta ng bank. Ang sb ng bank kung close account na icacancel na dw yung unang transactiong hanggang sa mcleared at icontak daw nila yun company na mag issue ng bagong cheque bago iover the counter.ilan days po kyang macleared yun. .

  183. Hi mis nora.. sb ng sender saakin maghintay dw mcleared yun unang transaction bgo dw humingi ng panibgong issued ng check sa company from malta refund po kc nmin yun. Ikinancel kc unang transaction sa bdo.at mgissued ng bgong cheque hintayin dw po mcleared bgo iover the counter daw po..mga ilan days or months kya mcleared from bdo sa unang transaction. Pra mkhingi sila ng new issued ng check pra maiover the counter n po..

  184. Hi joan, do you know your sender? It seems that there are inconsistencies in what they told you. They say wire transfer and at the same time send a cheque to BDO? I don’t know what the bank policies are in Malta, but here in the Philippines, if you use a bank wire transfer to send money, you pay in cash or you use your money in your account in the bank where you’re making the wire transfer.
    Cheques are not used to fund wire transfer, except for instant-clearing or pay-to-cash cheques, but these cheques must be encashed first.
    Second, banks do not accept postdated cheques for over-the-counter deposit or encashment or for payment of remittance. Third, about “hintayin daw macleared sa bdo”? Someone abroad cannot use his bank to send a foreign cheque from abroad directly to a BDO account. Your sender can send you a cheque in your name through a courier like FexEx or DHL then you deposit to your bank account. BDO will accept the cheque if it recognizes the issuing bank, and clearing usually takes 1 month or more.
    If your BDO account is closed, ask your sender to send CASH to you for cash pickup at BDO and then send you the reference no.

  185. Totoo po ba ganun ng rules ng ibang bank from malta na icancel yung unang transaction pra macleared. At ttawag sa company pra mgbgay ng panibagong issue ng cheque . Db mis nora pwede namang sabihin twagan ang bdo na iover the counter nalang pra hindi na hahaba ang process..

  186. Hi mis nora.. ngkaproblema ako sa pinadala nila malta from philippines yun nga po post dated po pla ang cheque n bngay ng company ang date n nklgay is feb 28.. so ok. Na daw transaction between bdo at bank duon mghintay lang daw ng 7working days pero til now wala parin transaction sa bdo wala po ngaapear na my ngpdala po saakin. Den ngkaproblema p po ko ulit close account na ako sv ng bdo kht daw close makikita prin dun n mapepeding dw kung my ngpdala wala nmn. So ininform ko yung ngpdala po saakin n na close account na ako so cnb ko na iover the counter nalang at sb ng bdo iamend nlng.. so nagpunta ng bank sb daw ng bank ttatawag dw po sila sa company na mgissue ulit ng panibagong cheque at icancel na yung unang cheque at hintayin dw macleared sa bdo at sila na daw makipagtransaction dun sa panibagong issued na cheque.kc daw baka daw po madoble kya iba daw ang policy at rules nila. Ilan po kayang days para macleared mam yun unang transaction nila at pwede din b clang makipagtransaction sa bagong issued na cheque(bank-company).. hindi ko po kc alam kung totoo po tlga sinasbi.. gusto ko kc iover the counter nalang pra maibigay ang reference no. At mas madli kunin sa bank. Aabutin po kaya ito ng 1month madam?

  187. Hi Ariel, I think, two times. If the payee redeposit the cheque, and it’s still not funded, it will bounce for the second time. I think most cheques are not accepted for redeposit for the 3rd time. But the cheque issuer will incur a lot of penalties and charges.

  188. Good day Ms. Nora,

    I deposited a check on my account last March 1 (Tuesday) around 1pm at EastWest but the check is from Citibank.
    And I was told that the cut-off is until 12:30pm only.
    So the check will be posted for tomorrow.

    If so, then when will I be available to withdraw it?
    Is it this coming Friday (even in the morning?)
    Or Monday Next week?
    Thanks a lot.

  189. Hi Jocel, I hope you’ve already funded your cheque. You’re cheque was already returned because they already charged the penalty. I hope you’ve also checked your online account and see if your cheque amount was debited, which means that your cheque was eventually funded, and your payee will see their money tomorrow. If not debited, call BPI and ask if cheques can still be redeposited. There have been changes on cheque policies by the PCHC so I’m not sure now if cheques can still be redeposited by the payee, meaning your payee will be able to redeposit your cheque so you don’t need to issue a replacement cheque.

  190. Hi Anna, yes, stale cheques are not accepted for deposit or encashment. Talk to your former employer and request a replacement cheque. Corrections on cheques are no longer allowed, so a new cheque should be issued.

  191. Hi! Good day Ms.Nora! Do banks really reject cheques that are more than 6 months issued? My cheque was issued July 2015 but it’s only this February 2016 that my previous company informed regarding my backpay. Thank you

  192. Hello Ms. nora, I have concerns, hope you can assist me. I issued BPI Check dated February 28, 2016. The check was deposited March 1, 2016 which I knew because I saw in my on line account. The problem is My account is not yet funded, it will be funded today March 2, 2016. I already have the charges of 2,400 for unfunded check, (which Im not really bothered, its my fault)The questions is, will my check returned or bounced? or will it last for 3 banking days before they will know that my check has bounced? I think they deposited my check to BDO account. Please help me.

    Thank you
    Jo

  193. Hi jessa, I think the cheque was returned. Are you able to check your balance online? Deposit asap around 2,200 to cover the penalty, in case it’s charged. The best is to call your bank now and ask the status of your cheque and your account.

  194. Hi Nora, I issued a pdc amounting to 18k that was deposited yesterday feb 29 in the morning at plantersbank , when I checked my act my fund is not enough.I deposited the lacking amount this morning will my check be considered as bounce? what should i do?

  195. Hi Maria Elizabeth, it usually takes 5 to 7 days for regional checks to become available. Transferring big amounts of money are not considered immediately as money laundering. The bank will ask first about sources and purposes. Single transactions of 500k and up are being noted, and so are frequent transfers of big amounts.

  196. If a check from Gen. Santos was issued to me, and my branch is in manila, how long will it take for me to have the money in my account. From what what amount is considered money laundering? Thank you.

  197. Hi Kathy, you mean Feb 29? With most banks, yes, you will be charged, but only for temporary overdraft (usually 1,000 per check)

  198. Hi Nora, I deposited a check Friday Feb. 26 so it will clear March 1 but I have checks issued for January 29. Assuming that my issued checks will be deposited and not encashed, will I be charged fees for Drawing against uncleared funds?

  199. Hi Gina, if your cheque is a post-dated check (you issued it to a bank, housing developer, Pag-ibig or car dealer), you should fund it today. Companies warehouse their post-dated checks with banks, and these banks deposit post-dated cheques dated on a Saturday, Sunday or holiday on the business day or Friday prior.

  200. Hi Nora. I issued check dated Feb 27 (UCPB) which falls on a weekend. Can I still fund it on Monday morning?

  201. Hi Paola, it will be available for withdrawal on Friday. If your bank is BPI and the cheque is a BPI cheque, it will clear immediately.

  202. Hi! Ms, I will deposit a local check tomorrow on my account, when will it available to withdraw the said amount? Thank you so much.

  203. Hi marjorie, yes, deposit on the first banking hour today. Add at least 1,200 to your 3k in case you’ll be charged for unfunded cheque. Did you check again your account last night? You said your check was deposited in the morning on Feb 16, so it’s most likely your check was returned last night by AUB. You can make an atm balance inquiry this morning so you can check if your 7k was reduced by around 1,200.

  204. hi I issued a check aub amounting to 10k that was deposited yesterday feb 16 in the morning at eastwest bank, when I checked my act my fund is not enough its is only 7k..can I deposit the lacking 3k this am? will my check be considered as bounces

  205. Hi Chingandjo, I get your point. From the time they changed the funding policy in 2011, crossing checks has just one meaning for the payor — your payee cannot encash it over the counter, and giving you a few hours more on check date to fund your account, as opposed to an uncrossed check where if the payee encashes it on the first banking hour of check date, your check should have already been funded before that time. For the banking industry, crossed cheques are an additional protection measure, making sure that cheques are not encashed fraudulently. Please comment again if I missed something and thanks.

  206. Does crossing checks still required in issuing checks since you have to fund it on the first day? Or what is still the significance of crossing checks?

  207. Hi Jelly, good morning too. That means your Feb 8 check is a PDC previously given to Sterling? Usually if a warehoused PDC check is due on a holiday, the bank puts it for clearing the business day before the holiday, meaning Sterling put your check for clearing Feb 5. I’m not sure though if this is also a practice by Sterling. Just fund your check the first AUB banking hour on Tuesday Feb 9, and then if you’re penalized, call AUB and ask them to reverse or reduce the penalty since you’ve funded your check immediately, even if delayed.

  208. Hi Nora good morning My car was financed by Sterling Bank my accnt is tru AUB the check is dated on Monday it’s special holiday. And my problem is I have not funded the accnt cause my salary kicks on a Friday and I wasn’t able to go in the bank because of the hours of the bank is just into 4:30 pm and I’m still at work that time.kaya po makakapagdeposit ako Tuesday pa Feb 9. Dahil holiday po s Feb 8.

  209. Hi Jelly, did you issue the Feb 8 check to a company? If that company warehoused the check, I think the bank already cleared it Feb 5. I hope you can fund online your checking account today Feb 7 so you can ask for a penalty reversal on Feb 9 in case you were already penalized. Have you checked your checking account today via online or via atm? Or call AUB and ask your balance. What do you mean with “if I deposited the check on Tuesday”? — I thought you issued the check to another entity or person..

  210. Hi need help about my issued check tru AUB my check is dated on Feb 8 which I believe falls on a special holiday (Chinese New year) and I will have the funds to put on my checking accnt on Tuesday the 9th of Feb. I would like to know if the check is not gonna bounce? and if I deposited the check on Tuesday the 9th of Feb is it okay if I do it before 2pm that same day. Hoping for your response. -Jelly

  211. Hi alecs, do you mean the check is dated Feb 5 and you funded it online early on Feb 6? Feb 6 is Saturday. You have online banking — was the money you transferred credited to your checking account? If your payee deposited the check on Feb 5 before cutoff, or if the check was warehoused (usually if your payee is a company), most likely your check bounced. Add about 1,200 or more to your account to cover the penalty (unfunded check but later funded), so your check will be funded fully, although delayed. So you can be more sure about what to do, call your bank.

  212. Hi Nora, I have a PDC dated Feb.5(Friday, I believe they are depositing checks in the morning and I was only able to fund it Feb.6 at 3:00am thru fund transfer. Is my check going to bounce?. I hope you can help me.. Thank you.

  213. Hi Jan, if it’s a local cheque (issued in the same phone area code as your account), it will clear on Thursday.

  214. Hi! If I deposited my check last Monday around 4pm, when will it be cleared, Tomorrow or Friday? Many thanks in advance

  215. Hi Glo, I hope you already have funded your check… so there’ll be less days that you’ll be charged the additional 200-peso-per-day penalty. The main penalty is 2,000 if you don’t fund your check and 1,000 if you fund it even if late. About the returned check, it will be returned eventually to your payee. He/she might redeposit it, so it’s important that you fund your check. You should call your payee and ask him/her to deposit the second check, and no longer the bounced check.

  216. Hi mrs nora, please help me. I badly need your advice. I issued a bdo check dated jan 22 2016. I replaced it with another check on jan 20 and it was received on jan 21 however the first check was still deposited and it bounced due to insufficient funds.what will be the charges? What will happen to the returned check?please help.

  217. hi Nora,
    thanks for your reply. I do call BPI but they did not want to do the reversal even just to refund the 5 day penalty. I’m wondering what’s really the bank policies and from whom I can get a clear explanation about the charges πŸ™

  218. Hi Kim, I suggest you call BPI and request that they reduce your charge, as you were able to fund your check the day after. I think the charging was automatic, meaning all unfunded checks on Dec 29 were charged the additional 6-day penalty. I hope you were charged only 1,000 (main penalty) because you later funded the check.

  219. hi Nora,
    Need your advise on the issue I encountered with BPI Direct Savings:

    I issued a cheque last Dec 23, the payee deposited the check on Dec 29.
    on Dec 30, I checked my BPI online and I was charged a huge amount (penalties for 6 days- Dec 30-Jan 4) and upon checking I realized that I made a mistake on my recording, my fund was short by 5K.

    on Dec 30, I funded 20K through BPI online fund transfer.

    below is the BPI service fees:

    ” If a check for PHP 35,000 was presented for clearing on a Friday and was funded on Monday, total charge would be PHP 1,600 (PHP 1,000 fixed fee + PHP 200 x 3days)

    5 If a check for PHP 35,000 was presented for clearing on a Friday and was eventually returned, total charge would be PHP 2,600 (PHP 2,000 fixed fee + PHP 200 x 3 days) ”

    my question is should I really be charged for 6 days of penalties or should be just 1 day since it was funded on Dec 30, one day after the check was presented for clearing.

    Thanks so much in advance for your help on this matter.

  220. Hi Kai, the check was deposited past today’s cutoff, so the check will clear on Monday. Your money will be available on Monday.

  221. Hi Mrs Nora, My Mom deposited the BDO check just this lunch to my BPI account. Kindly advise when can I withdraw the money? This Friday or Monday next week? Many thanks in advance!

  222. Hi Cess, have you made a balance inquiry? To check if your account is still active. Or call Eastwest now and ask the status of your account.
    If your payee deposited the check, and your check bounced, and therefore your account was charged, and the balance turned negative, your account most likely automatically closed.
    But if your payee did not yet deposit the check, your account is still active, and you should fund your check asap. Call Eastwest or make a balance inquiry.

  223. Hi, I issued a check (Eastwest Bank) last January 18,2016. My husband checked the balance on our account and the funds were still there thinking that the person whom we have issued our check wasn’t able to deposit it, my husband was able to withdraw because an emergency came up. The teller on the bank told me that it would take 3 days clearing process, now I am just curious if I can still deposit funds on my account so it would have sufficient funds for the check. I am planning to deposit the money tomorrow morning. Thank you. Will appreciate your swift response.

  224. Hi rachel, it seemed that your payees deposited the checks you issued also in the morning. Also, PDCs are usually warehoused with banks — this is why they’re automatically deposited for clearing early on due date. Manager’s checks also undergo clearing, usually one-day clearing. It appears that your manager’s check was not yet cleared when the checks you issued were deposited. Request the bank to charge you only the lower charge (for temporary overdraft).

  225. Hi On JAn 13 I issued a PDC dated Jan 15 cause we don’t have sufficient fund on our checking.On Jan 15(morning) we deposited A managers check to our checking to fund the PDC and other checks.We also released a check for payment to other supplier w/c they deposit to their bank on the same date(morning).Then January 18,2016 our bank informed us that they charge us.when will be clearing of managers check?

  226. Hi Maria, sorry for the delayed response. I hope you already resolved your concern. Your 14k PDC check due on Jan 15 should have cleared because you had 16k in your Chinabank checking account. Add at least 3k asap to your checking account to maintain your account, and make sure to maintain your account next month to avoid getting charged for the 200-peso maintenance fee (charged for 2 consecutive months of not maintaining your account).

  227. Hello Nora, good day! We have a car loan approved at ucpb bank and it stated that our due date for the monthly amort of Php 14k will be every 15th of the month using a pdc from chinabank. What worries us now after holidays is our account in chinabank has only 16k, and the next paydate is Jan.14 or latest 15. Is there a chance that our pdc will be bounced? Pls advice! Thanks!

  228. Hello and good day. I deposited my sss check on Dec 30th will it be cleared after 3 days or business days thru BPI? Thanks in advance and Happy New Year as well.

  229. hi.. i deposited a check on monday so it supposed to be cleared today but it still in current balance or its holiday today that’s why it is not credited today? thank you for your response.

  230. Hi Ms. Nora,

    I have issued PDCs (using ng Checking account at Asia United Band) for my auto loan account from other bank (Security Bank) last year. I have a due date on January 2,2016, which falls on a holiday. December 30 – January 2 is holiday while January 3 falls on a weekend. Will I be penalized if I funded my account first minutes of Monday January 4? I appreciate any help in this regard. Thank you in advance

  231. Hi Shang, yes, you can still fund your account on Monday, but deposit in the first banking minutes of Monday. If your bank is BDO or BPI, you can fund on Sunday as BDO’s mall branches are open on Sundays, and BPI has cash deposit machines.

  232. Hello, I issued a postdated check on December 28, 2015. When I checked today my fund, it’s short by 500.00. by Monday po, will it be a returned check? or can I still fund it on monday, specially that it will not be deposited in our region?

  233. Hi Lorisa, there’s no expressed maximum limit on the amount of check that can be encashed, as long as the check is funded. If your check is accepted for deposit, and it’s a good check, then the check will clear. But if it’s a huge amount, due to the anti-money-laundering law, oftentimes the bank will ask about the source of money and purpose of the transaction.

  234. Hi Lorisa, if you deposit your check before noon, your check will clear on the 3rd business day. Count deposit day as 1st day. If you deposit on a Saturday, your check will clear on Wednesday, assuming Monday and Tuesday are business days and not holidays.

  235. Hi po, Ive got a bdo check and need it to deposit to my pnb account. How many working days can i widraw the money? Does bdo have a maximum limit for cash encashment? Thanks

  236. Good day po! I deposited my SSS check to my BPI account yesterday at around 1:15pm. When will the cash be available for withdrawal?

  237. Hi Clyde, yes, you can deposit your PNB check to your BPI account. It will clear on the 3rd day. You don’t need an ID to deposit your check to your account.

  238. Hi, I have a salary loan check from PNB but I realized I dont have valid IDs yet(still working on them)but is it possible to deposit the check to MY BPI savings account because I really need the money. Your help will be much appreciated. Thank you.

  239. Hi Abad, your checks should clear on Dec 16. I think BDO will not notify you that your checks bounced. It’s you who need to check your balance through your online BDO account or through the atm. You can also call BDO.

  240. Hi Ms. Nora. I deposited checks to my account at bdo last saturday (december 12, 6:45) when will the checks be cleared? And if ever the checks are not funded, when will the bank notify me that the checks bounced?

  241. Hi Apple, if you deposited it Friday afternoon, your check will be available on Wednesday. If you deposited it Friday morning, before cutoff, your check will be available on Tuesday.

  242. hi nora, just to clarify the banking days term used, i deposited a check (backpay) issued by my previous employer to my own personal BDO account, let’s say i made the deposit friday afternoon, would that be already available on tuesday?

  243. Hi joyce, yes, call BPI and ask why you were charged 2200 and then ask the 2200 charge to be reversed. Yes, you’re right that banks encash warehoused checks due on a holiday on the business day preceding the holiday. But since you said there was cash deposit on 11/27, you should ask for the reversal.
    I noticed that there’s an additional 200 to the usual 2k charge, so I’m guessing that maybe the company you’re paying warehoused its checks with BPI. And since a BPI check deposited to a BPI account gets instant clearing, maybe the cash was deposited to your account later in the day on 11/27. But just the same, request for a reversal.

  244. Hi Ms. Nora, I issued a PDC dated 11/30/2015, but since it was a holiday there in the Phils, I assumed that the company to which I issued my PDC to, encashed it on the 27th even though the cheque was dated 11/30? Because I found out I was charged a service charge of Php 2200. Also, I saw in my statement that there was a cash deposit in my account on 11/27 to sufficiently cover the cheque issued. Was just wondering why I was charged with Php2200. And is it possible to have this reversed by BPI? Thanks po.

  245. Hi Mrs. Nora

    Yes I do have my Paypal account. I already tried to transfered the money into my bank account and paypal already emailed me that the money will be available on my savings account by November 27 however I havent seen any amount yet transferred to my account until now.

  246. Hi May, what I know is that if Paypal is used, you should have your own Paypal account. One cannot use Paypal to send money directly to another person’s bank account. The Paypal process is this: Your client sends money to your Paypal account, and when the money is already in your Paypal account, you yourself will transfer your Paypal money to your bank account. Recently, I transferred money from my Paypal account to my BPI account, and the money became available on my account the next day. Do you have a Paypal account? You can create your Paypal account anytime. Verify it using your Mastercard/Visa credit card or debit card

  247. Hi Ms. Nora, My client is from New Zealand and sending my salary through Paypal. I received an email from paypal that they are transferring the money and I will see the money at my bank account by November 27 2015. I noticed as well that my client sent my salary by Check. Until now I haven’t see any amount on my account. How many days that it takes for me to get the money?Thanks.

  248. Hi Misha, it’s most likely a non-BPI check since it’s not yet in your account. If it’s a local check, it will clear on Dec 1. If it was deposited after cutoff on Nov 26, it will clear on Dec 2. But the check amount should already be appearing in your current balance, although not yet in your available balance.

  249. If the check was deposited by Nov. 26, and there is a 3 days clearing, when will I expect the deposited amount to appear in my bank acct. (BPI)? Just don’t know what bank is the cheque.

  250. Hi John, yes, you’re right, regional clearing takes 5 business days. There are even cases which take 7 business days. And if the check cutoff in Landbank Zamboanga is 12 noon, your check will clear on Dec 2 (the 5th business day). I think it’s only BPI that offers real-time clearing if a BPI check is deposited to a BPI account.

  251. Hi malen, do you mean the check date was Nov 24? You should have funded your check on Nov 23 or early on Nov 24. If PLDT did not have time to deposit your check before cutoff on Nov 24, then you still had time to fund your account on Nov 25. I hope you already have funded your account. Most likely, you had been charged if your check was presented for clearing before you were able to fund it.

  252. Hi Novee Iris, was the Eastwest Bank check a payment to Eastwest Bank? and was it deposited/accepted at Eastwest Bank? If yes, Eastwest might charge you if the Pag-ibig check was cleared on Feb 27. Warehoused checks due on holidays, Saturdays and Sundays usually are cleared the day before. Check your online banking so you can see what were debited. If you can fund your check through a cash machine or through online, or through a branch open on weekends, then it’s wise to fund them earlier to lessen charges or to increase your leverage when you ask for consideration from your bank.

  253. Hi! I issued a check dated nov. 28 for pagibig, and one dated nov 27 for eastwest bank. i have issued the one for eastwest bank late for clearing already, however, i suddenly realized that the funds in my checking acct. Will not be sufficient for the two checks. Since nov. 30- monday is a holiday, will i stil have a chance to complete the funding by dec. 1 early morning and i wont e penalized? Thanks!

  254. *CORRECTION AGAIN. Sorry, i confused my dates. I thought today is the 28th. Check Deposited on TUESDAY 24th November 12:40PM @ Zamboanga Landbank
    Last time i inquired my account : TODAY, FRIDAY, 27th November 5:45PM @ Manila Landbank

  255. Hi Ms. Nora, my friend in Zamboanga deposited a check (LandBank) into my LandBank account on 23 Nov (Tuesday) 12:40PM in Zamboanga. My LandBank account is @ Manila Branch. I was in the assumption that it will take 3 business days to clear. But until now, 28 Nov (Friday) 5:45PM, when i inquired my account, the check is still credited under the Current Balance. Why has it not yet cleared? Will it take 5 business days because it was deposited in Zamboanga and my account branch is in Manila? THANK YOU JOHN

  256. Hi Ms. Nora I issued a check to PLDT Wed Nov.24, but I forgot to fund it yesterday, can I still catch up with it by funding it today, many thanks.

  257. Hi Joyce, you’re correct in all your assumptions. We’ll assume Phil Equity deposited in the afternoon of Nov 23, so we hope it will be credited to your current balance this afternoon. If not yet deposited this afternoon, then it’s time to call Phil Equity. More power too!

  258. Hi Ms Nora! I made a redemption on Phil Equity last Nov9 after 12nn so they processed my request the next business day, Nov10. As per their website, the maximum days of redemption is 7 business days. They informed me that my cheque will be credited Nov23, which is today. However, upon checking my bank account the Current and Available balance are still the same. I understand that if the cheque is from a differnt bank, I need to wait for 3 banking days for it too be cleared. My question is, if they already credites the cheque to my bank, why it is not shown on my Current balance? Thanks and more power.

  259. Hi Christine, sorry, no. If your HSBC check is not crossed, you can encash it at the issuing HSBC branch on Monday or the next days. BDO and other banks do not encash another bank’s check, but they can accept another bank’s check for deposit to the payee’s account, and the check will clear or be available for withdrawal on the 3rd business day.

  260. Hi Voi, yes, your check will be available for withdrawal on the 3rd business day, on Tuesday. First day is today, Friday, because yesterday was a holiday. I think it’s only BPI that does immediate clearing if a BPI check is deposited to a BPI account. The same with a BPI Family check deposited to a BPI Family account.

  261. Hi Ms. Nora! I opened a Bdo savings acct (atm)yesterday (nov19-apec hol), they are on a half day, using a bdo managers check as my initial deposit. As per my understanding this has an average 1 day clearing, but checking thru the ATM today after activating it..the amount of check deposited is there but is not yet available. Does it require a 3 day clearing still? Even if its check is deposited on the same bank?

  262. Hi Nicholle, if this is not a BPI check deposited to a BPI bank, yes, your check will be processed Friday morning.

  263. Hi, if i pay via check today and deposit it after the cut-off (lets say before the bank closes) and tomorrow is non working holiday (apec wed and thu). does this mean that the check will be processed by friday?

  264. Hi april, if you are the payor, you should fund your BPI check before the end of banking hours today. But if money is really tight, you can still deposit using the BPI cash deposit machine before before 9 pm today, but deposit earlier, to be sure.
    If you are the payee, and you’re asking when your BPI check clears or when it becomes available for withdrawal, your money should be available on Tuesday, Nov 17.

  265. good am po.ask ko lang if nag deposit ako ng bpi check sa bdo ng 10:04 am.kelan po dapat ako mag fund? thank you po.
    good am po. if I deposited a bpi check at bdo at 10:04 am, when should I fund?

  266. Hi cathy, do you mean you issued an RCBC cheque dated Nov 11, 2015? If the payee’s bank is another bank, then your cheque is most likely good, and there’s no penalty. By this time, you can already check your RCBC account so you can see if your cheque was made good. I hope so.

  267. Hi Nora I have mnthly payment in RCBC .Actually its every 11th of the month,I just want to ask if there is penalty if I have deposited at 1103 am today,

    Thanks

  268. Hi kelly, there’s a big chance it won’t bounce if your payee deposited your check in the afternoon of Friday in another bank (different from your bank). By the way, it’s now Sunday (sorry for my delayed response), so check your account if 2,000 pesos was already deducted — that means your check was deposited early Friday morning. Do call your bank.

  269. Hi Abel, it will clear on the 3rd day if the check is local, meaning the issuing bank is in the same region as the bank where they deposited the check. 5 days if different regions.

  270. Hi jay, we have written a new post here due to numerous questions on checks: Tips for First-Time Owners of Checking Accounts. I don’t know if you can still find a non-maintaining checking account. If you’re near a CityState bank, try asking about their 1,500-maintaining-balance checking account. If you’re near a rural bank, ask about if they have a non-maintaining checking account. The possible fees that you will pay are: below-maintaining-balance fee (from 200 to 500 pesos per month). The most important thing is do not issue a check if there’s no money in the account to pay the payee — the fee for returned check is 2,000 pesos plus 200 pesos per day until the check is funded or the account is closed. Returned check is the same as bounced check — this means the check bounced or was returned to the Phil Clearing House Corp. because there’s not enough money in the checking account to pay the payee. Do you mean the checking account will be in your name? What is it for? For your own use, or for the coop’s use? The most serious thing about checking accounts is you can be sued under the anti-bouncing check law and estafa law if your check bounced and you’re not able to remedy it quickly and your payee gets angry and will sue you. After reading the tips, comment again here or after the tips so I’ll know the things that you don’t know yet.

  271. Hi – i’m new to this. I don’t even know that current account is the other term for checking account. our cooperative requires us (me in particular) to open a checking account, I was given endorsement letter to open a non-maintaining checking account. I’m adamant to open coz I don’t know how it works. I’m trying to search thru the net on how this works and what possible fees I might incur for opening this but I cant find any. until I found your blog. To be honest I don’t even know how to write a check. can you please help aand post more info about it? your answer will highly be appreciated. πŸ™‚

  272. Hi ms, question po. I issued po a PDC to another bank NOV. 6 (fri) but I forgot my balance was not enough. if I deposit tomorrow NOV 7 (sat), will that cover the check good? will my check bounce? thanks po!

  273. Good day po. If a dated check was issued in the name of the school, how many days will it clear after they deposit? Thank you po.

  274. Hi Fred, do you mean the check date is Nov 3, and it was funded 7 pm of Nov 3? I hope your check was not presented over the counter at BDO, and was deposited/warehoused in other banks. I think it won’t be returned, if BDO is just like BPI or HSBC that considers funding before 9 or 10 pm of check date if the check is deposited with other banks.

  275. hi ms. i issued a check (bdo), and it is to be cleared po today, but it was not been funded. my secretary forgot about the clearing date. but i ask a friend to transfer fund online from hers to mine. but it was already 7pm. my concern is, is it possible that my check won’t be returned tomorrow?

  276. Hi laarni, your check has not yet cleared. If you deposited yesterday before 1 pm, your money will be available tomorrow.

  277. I deposited a bdo check on my landbank savings account. when I check my online account in landbank, my available balance is 500 while my current account is 5500. why could it be?

  278. Hi cecil, if you’re sure your payee will deposit your check on Monday, then yes, you can deposit funds the first banking hour of Monday. But if your payee is a company that warehouses checks, usually warehoused checks are deposited on the preceding Friday if the due date falls on a Sunday. It will help if you call your payee.

  279. Hi Rose, if the due date is today, you should fund your check before 1 pm today. There are some banks though that accept funding just as you described — just before the bank closes on check date. Call your bank.

  280. Hi ms, its me again. My cheque (bank of commerce) is due on oct 25 but its a Sunday. Is it okay if i will deposit funds early morning monday oct 26. Thank you very much.

  281. Hi Miss Nora. If I issued a crossed check po dated October 13, 2015 for example but my account has insufficient funds, will I still have the chance to fund it on the same day just before my bank closes? Thank you.

  282. Hi wilbert, I hope your money is already available. If not yet, maybe your check was deposited after cutoff (maybe 1 pm) last Thursday

  283. good day! just question, metrobank check is deposited to my psbank atm account last thursday oct 8, 2015, then until now monday i check it at 7:30am the amount is still on the current, what time should the money be available for withrawal? kindly advice. thanks a lot! wil

  284. Hi Kelvi, if you deposited before noon or cutoff, your money will be available on Wed. If after cutoff, it will be on Thursday.

  285. Hi Roi, if you have a savings or checking account in any bank, you can deposit your check in your account. Just fill up the deposit slip. Look for the check part of the deposit slip. Then present your check and your deposit slip to the teller. The teller might ask you to sign the back of the check. Before depositing, do not sign yet the back of the check if there’s no instruction at the back where to sign. Usually IDs are not required when depositing.
    If you don’t have a bank account, ask UnionBank if they’ll encash your check if you present a digitized postal ID card plus your company ID, so you can apply for your postal ID card.

  286. Hi. I have my unionbank cheque and I am unable to encash it since I am lacking of requirements like valid id. They suggest to transfer it to my other bank accounts. May I ask the process and requirements for this? Or do I need to bring valid id/s as well? Btw, I only have company at pagibig id. Thanks!

  287. Hi Jhona, your money should be available tomorrow, Oct 5. But if you missed the Thursday cutoff, your money will be available Oct 6.

  288. Hi Tina, I hope your funds already became available last Friday. If it was deposited Monday afternoon, then it will be available Oct 5. There are regional checks that clear on the 7th business day. I don’t know about Union Bank Eon, but in my BPI or BDO online account, if there’s a check deposit, the check amount appears, even if it’s not yet withdrawable.

  289. i deposited a sss loan check around 10am today, oct 2 to my bpi (atm) savings account. when can i withdraw the cash?

  290. hello. Someone from Manila deposit a check this Monday September28 on my Unionbank EON acct, im located in General Santos City. I’m puzzled that upon checking online, until now the funds do not appear, and when will it be available to withdraw? Please advise. Thank you!

  291. I deposited my pnb sss check today around 12 in the afternoon to my bpi acct,when will my money be available to be withdrawn? thanks!

  292. Hi Liza, I’m puzzled that the penalty is only 1,400 if this is an unfunded check penalty. I’m not sure at the moment about BDO, but most banks charge 2k for each returned check plus 200 per day the check is unfunded. And I’m puzzled that you were not notified by your payee about the returned check. Call BDO now so you can ask about the 1,400 fee and get an accurate answer. I appreciate it very much if you comment again, so we can learn from your experience.

  293. Hi Rechelle, assuming your cheque was deposited on Tuesday before cutoff, your money will be available for withdrawal on Oct 1, Thursday.

  294. Hi Cheng, your check should be available today, Wednesday, for withdrawal. 1st day was Mon, 2nd day was Tue and 3rd day is today, Wednesday. Sep 25 is a holiday and Saturday is not a business day, even if some mall-based BDO branches open on Saturdays.

  295. Hello, I applied for SSS online last Sep 17 and on the same day it was confirmed by our company. I was informed that it’s going to take 7 processing days and then 3 days for the clearing. Today I see my Metrobank online account saying I have a current account with them for the same amount. When I clicked on the details, it’s saying that today is the Clearing Day 1 for my account. Is this really going to take another 7 days?

  296. Hello Nora, I issued a check dated Sept 18 and I thought it’s already cleared, but suddenly when I checked my account this Sept 29 I have a penalty of 1,400. Can I still deposit funds on Sept 30 to cover the unfunded checks? By the way my bank is bdo. Thanks

  297. Hi Ms. Nora, I deposited a check (Citystate) afternoon last thursday (sept 24) to a BDO bank which have saturdays, when will my money be available to be withdrawn? thanks!

  298. Hi ms, my officemate deposited a cheque on my metrobank account around 12 noon today. When will it be available on my account? Thank you.

  299. Hi ria, if you deposited it yesterday Wednesday at 2:30pm, your check will clear on Tuesday, Sep 29. 1st business day is today, 2nd business day is Monday, 3rd is Tuesday.

  300. Hi cecil, sorry I forgot that Friday was declared a holiday. Yes, if your payee is a person or a company that do not warehouse their checks, you can fund your check the first banking minutes of Monday. If your payee is a company that had their checks warehoused, there are banks that automatically deposit warehoused checks due on a holiday the day before the holiday. I think you better call your bank and ask about their policy so you don’t have to worry.

  301. Hi cecil, sad to say, you’ll be late and be charged with 2k or more if you fund your check on Monday. You should fund your check Thursday or first banking minutes on Friday.

  302. I have due check(bank of commerce) on friday sept 25. I dont have funds to deposit on thursday. Can i still deposit funds early morning on monday sept 28. Thanks

  303. I deposited my payment check to my savings account at eastwest bank on September 18, 2015 (friday) at 9:24 a.m they told me that the check will clear for 3 working days. The question is when did my check be available to withdraw ?

  304. Hi Rowell, if you deposit your cheque before noon on Wednesday, Sep 23, it should clear Monday Sep 28. Sad to say, most local banks make the money available on the 3rd business day for cleared local checks.

  305. Hi Ms. Nora my cheque(PNB) is dated Sept 21, 2015(Monday) but prior to depositing, the company that issued the cheque(PNB) to me advised that cheque(PNB) should be deposited by Sept 23, 2015(Wednesday) because still no funding. If i will be depositing the cheque(PNB) by Sept 23, 2015(Wednesday), Can this be clear by Sept 25, 2015(Friday) eventhough its holiday on Friday?Pertaining that its a 3 day clearing.

  306. Hi Mia, if you paid in the morning, your check should clear on the 3rd business day. Your checking account should have the check amount available on the same day. If deposited in the afternoon, it will clear on the 4th business day.

  307. Hi fil, If you deposit your check in Bohol on Sep 21 (19 is a Saturday), your money should be available on Sep 25 or Sep 28. If the check is not cross-checked, try encashing it at a BDO branch there on Sep 21 — I don’t know if the branch there encashes checks from other BDO branches. If not cross-checked, and if you can encash it at the BDO QC branch (issuing branch), it should be encashed immediately over the counter as long as the check is fully funded.

  308. hi ms nora, somebody issued me a bdo cheque from quezon city dated sept 19. I plan to encash it in Bohol? How many days? If I encash it in quezon city same bank, how many days? please reply. thank you.

  309. Hi! If I used a BDO check to pay my BPI credit card, which I paid over the counter at a BPI bank, when will the check be cleared?

  310. Hi emmy, most likely, it was deposited already past Wednesday’s cutoff, so your money will most likely be withdrawable on Mon, Sep 14

  311. Hi Nora, my SSS check was deposited yesterday at 1:59 in Unionbank account – Makati branch. when can I withdraw it? thanks!

  312. Hi Jana, if you deposited your check monday morning, your money should already be available today, assuming the Citibank and Metrobank branches you mentioned are both in Metro Manila or in the same major city.

  313. Hi Nora,i deposited managers check from citibank to metrobank last monday sept 7.supposedly,when will be my money available on my account?thank you so much

  314. Hi June, if Sep 9 is a holiday there in Cebu, your money will be available Sep 11 (3rd business day), assuming the issuing bank is in Cebu or in major cities. If your check is not local, clearing will take 5 to 7 days.

  315. hi Nora, i am from cebu just want to ask what if the check was dated sept 7 then i deposited it morning of sept 8 and then next day which is sept 9 is holiday. when will be the money available in my account, supposedly?

  316. Hi Aya, because you deposited after cutoff Friday, it will be as if you deposited today, so your check will most likely clear on Thursday.

  317. Hi Ms. Nora. I deposited rcbc check to my bdo savings last friday august 28. around 2pm. I checked from atm today, the money is still in current. When will it be available for withdrawal considering that yesterday, aug 31 was a holiday. Thanks so much

  318. Hi candice, if the issuing bank is in the U.S. or outside the country, then your check will clear in 15 to 30 business days or more. If issued by a bank in the Philippines, it will clear in 10 business days or more.

  319. Hi Nelmie, if the company’s bank and your bank is located in the same region, then your check will clear Wednesday. If deposited in the afternoon of Monday, your check will clear on Thursday. If regional check, clearing will take 4 to 7 days.

  320. Hi Nora! I just want to ask how many days will it take for the dollar check to clear. I deposited it to my bdo kabayan savings dollar account last wednesday August 4,2015 but until now it’s still current. The $500 I deposited is still not available.

  321. A company check was deposited to my eastwest bank account yesterday monday aug.10 2015, when it will be cleared? Company’s bank is BPI. THANK YOU

  322. Hi Christine, yes, if the check amount is already added to your Available Balance, that means the check amount is already cleared and is already in your account. Yes, you can leave the amount in your account so you’ll have savings or increase your savings.

  323. Hello ms. Nora!I deposited my check last Tues. Aug. 4 and I check it on my ATM its in the current balance and checked it yesterday Aug. 7 its in my savings balance. it means its there on my account? Can I leave the amount in my account and not withdraw it because it’s already in my account? tnx

  324. Hi Jojo, was the check issued by a Cebu bank? If yes, your check should have been available yesterday, Tuesday. If issued by a bank in another region, then your check will clear on Thursday or Fri or the next Monday.

  325. Hi Nora, I received and deposited a corporate check Friday morning. It was deposited to my Cebu-base account. When will my money be available? Many thanks.

  326. Hi Roline, if your check is local, your check will clear on Aug 6 (the 3rd day starting from Aug 4; most likely your bank’s cutoff is 1 pm)

  327. Hello Ms. Nora, there’s a check deposited on my account today Aug 3 around 2 pm, when will this be cleared for withdrawal? Thank you.

  328. Hi andrea, if Metrobank’s cutoff is 2 pm, you can withdraw your money on Friday. But if it’s noon or 1 pm, your money will be withdrawable on Monday.

  329. Hi jon, yes, your plan is good. If your tenant can issue you a new check, then it would be better. No, there’ll be no problem related to the check numbering and encashment sequence

  330. Hi Nora, thanks for your quick reply. So if he issued me 12 checks that starts august 26 2015 to july 26 2016, can i just go back to him and ask to rectify the last check dated july 26 2016 to just slash/countersign the year 2016 and write the year 2015 and that will be his first month rental that i will encash/deposit on 6th of august? Will there be any problem from my tenant’s bank if they knew that I encash/deposit first a check that doesnt follows checkbooks numbering? I appreciate your help, thanks!

  331. Hi Dec, yes, your money should be available today, Thursday, assuming your friend’s check is a local check.

  332. Hi Jon, no, you cannot encash or deposit a postdated check before it falls due. So if the first check is July 26, then deposit or encash on August 4 to comply with your agreement of encashing every 4th of the month. The August 26 check will be deposited/encashed September 4, again as per your every-4th agreement. Of course, you can encash/deposit the checks every 26 or days after, if the account is promptly funded every 26th.

  333. Hi Nora. I was issued today12 PDC from bdo makati (im from cavite) for lease of my property. The tenant officaly moved in 4th of july he said he gets his salary evry 26th so all his cheques were dated 26th. Since all cheques already made up and signed we just agreed that i will encash his check every 4th of the month, 22 days earlier. I have bdo acct. in cavite and i assume i can encash his cheque earlier than the date posted, am i that right? Please enlighten me with my queries. Thanks!

  334. Hi Nora, a friend deposited a check in my eastwest acct Tuesday morning around 11 am, July 14th. Will I be able to withdraw on Thursday, since Friday, July 17th is a holiday.
    Thanks.

  335. Hi Nora, I deposited a check from sss loan to my Union Bank Acc. Thursday 2PM. Can I withdraw it the next day?

  336. Hi Ed, yes, you can use a manager’s cheque, and yes, you can pay in advance. I’m not sure how Pag-ibig posts advance payments for 2016 and 2017, and if these advance payments are included when they compute your dividends for 2015. So I think it’s better if you make your lumpsum payment as your savings for June to Dec 2015, so this lumpsum will surely earn dividends this 2015. I’ve read or heard from the Pag-ibig CEO that there’s no monthly maximum amount. Thank you very much for appreciating my blog. Means a lot. More power too to your endeavors.

  337. Hi Ms. Nora.I just want to ask if I can pay my Pagibig monthly contributions in advance like for this year and next year i.e June 2015- June 2017. Can I issue a managers cheque payable to Pagibig to fund my MP2 savings? Are they accepting cheques as payments? Thanks to your very helpful and informative site. More Power To You…

  338. Hi Bruce, have you checked your balance through atm? Was 2k already deducted? If your checks are warehoused, usually a check due on a Sat or Sun is automatically deposited for clearing the Friday before the weekend. If this happened, call AUB now. Yes, fund your check the very first minutes of AUB banking hours on Monday, and hope that AUB will give you some consideration about the penalty. If there’s no deduction yet on your balance today, then that’s a good sign — but make depositing your priority tomorrow, Monday.

  339. Hi mrs nora, I have a pdc check for my carloan dated every 21st of the month but i forgot to put funds yesterday. today is saturday no open bank for AUB. can i fund it on monday early morning? Is there will be any problems ? This is only the first time it happen. Thanks

  340. Hi Lemuel, sorry we can’t be sure. we just hope. i hope your money arrives on time. If you like, for future remittances, if your clients are in the U.S., I suggest XOOM. The sender funds the remittance through their US bank account or US credit card. The money will arrive in minutes. My US employer pays me through XOOM, and minutes after my employer authorizes the transfer from her bank, I get an email giving me the code, and then I go to BDO and get my dollars over the counter, all in an hour or two, as BDO is near our house.

  341. Hi Nora, the sender used a BDO correspondent bank–Citibank New York. This is the second time they issued wire-transfer to me. The last time was May 23 Saturday (PHL time) and it arrived May 26 Tuesday. This time they said they requested their bank to expedite the transfer since I badly need the funds June 20th. BTW, they issued June 18th PHL time pala, not US time. So would it still be possible the funds arrive today or tomorrow? The hotel is not allowing me to leave unless I pay them with cleared check. πŸ™

  342. Hi Jackie, usually banks’ cutoff is 1pm, so your money should be available for withdrawal on Monday.

  343. Hi Lemuel, please remember I can be wrong, but there’s a big chance the money wire-transferred to you will not yet be credited to your account on June 20 or 22 or 23, based on comments on our blogs, so it’s wise not to issue a cheque due June 22 or 23. This is true specially if your sender did not use a BDO correspondent bank, and therefore, a 3rd bank will be used. About clearing, yes, if a cheque is unfunded on the same day it is presented or deposited, it will be returned and will be charged with the returned check fee. If you deposit a June 19-Friday check late on Friday, and it’s unfunded on Friday, the bank can impose a charge, specially that it’s not sure if it will be funded on Monday.
    Maybe the best is to negotiate with the hotel. Ask others too, as I can be wrong.

  344. Hi Nora. I deposited my PNB check last Wednesday afternoon on my BPI account. I forgot the time but it was around 1:30-3pm. I assume I can already withdraw my money today (Friday) but it is still on the Current Balance. When do you think can I withdraw my money? Thanks

  345. Hi Nora, I am a travel agent and a client from US just issued a wire transfer to my BDO account June 18th (US time). I will be issuing check to the hotel on Saturday June 20th but I’m a little bit worried if the fund wired to me will be available by June 20th. Aside from requesting the hotel to deposit my check on June 22nd, I am thinking if I deposit my check payment on late afternoon this Friday so that it will clear after 3 banking days and the funds wired to me will surely be available by then. Do you think this can be done? By the way, the hotel has BDO account as well so I fear if they deposit it there it will clear at once right? Please advise what else I can do? Thank you.

  346. Hi joy, if these are local cheques and if you deposited them in the morning, count that day as 1st day, and the next day as 2nd day. That means your 3rd day will be Friday. Should be available for withdrawal on Friday.

  347. hi Nora..I got 2 checks last tuesday but deposited them in my bpi account last wednesday @9:30am…when can I withdraw my money? I checked my account just now and it is still not available for withdrawal…when do we begin counting the 1st banking day when a deposit is made. thanks so much.

  348. Hi Andrew, the planned correction involves the check amount, so I think it’s better if you issue a new check. No, there’ll be no problem with clearing related to not using checks in order based on serial number. It can be random. The purpose of serial nos. is mostly for your and the bank’s record-keeping and tracking.

  349. Hi Nora, I put wrong amount and date on the check, do I just strike the errors out, write the correct values, then countersign them? Or issuing a new check will be a better idea?
    Will there be a problem when clearing the check because the serial number is not the supposed next serial number of the last cleared check?

  350. Hi Alex, I think the loan company did not redeposit your May 26 check (or if warehoused by their bank, was not redeposited by their bank) — this is why your lender said you defaulted on the 3rd payment. Ask your mother to call the loan company if she can pay the 3rd amortization plus penalties at their office. The 4th and subsequent checks will be deposited as they fall due. You said you were able to fund your account the next day, so that means there was at least 2,200 (bouncing check penalty plus 200) in your account on May 26 to cover the penalties, and to prevent account closure. About the 200 penalty per day, this means 200 is charged per day from the date the check bounced to the date the check was funded. It will be helpful if you set up later on your online banking so you can track your checking account as you travel.

  351. Hi Nora, I have a checking account on a bank and I issued 48PDC’s to a loaning company as payment for car loan, sadly on my 3 amortization, the check bounced as it is not sufficiently funded but i was able to fund it the next day and then went to the USA and had not followed up on it since then thinking that it will be automatically deducted together with the penalty if there is.I totally forgot about it due to work until my mother received a letter from the loan company saying i defaulted a payment. So i immediately sent an email to the bank about it.

    QUestion is, how much do you think is the penalty? monthly amort is just 7k, and I already deposited a good amount to my account to cover 1 year of the PDC’s. Maturity date of the check is May 26 and i deposited the amount the next day.

    What will happen to the remaining checks?

    i saw this from the bank website — penalty charge of P200.00 is imposed for every P 40,000 and a fraction thereof per check/day — and I dont understand that statement. πŸ™‚

    thank for your reply in advance

  352. Hi, I deposited my union bank check to my bpi account at 10am monday. when will it become available?

  353. Hi lhiza, check clearance takes only 3 business days (5 to 7 days, if your employer’s account is in another region). Call your employer, if you’re sure your employer has already received your check more than a week ago. But if the May 5 date you mentioned is the check date you saw on your online account, it will take 1 month or more for the SSS check to travel from SSS to the main post office to your local post office and to your employer.

  354. How many days is banking clearance? My check arrived may 5. In the sss email to me, there’s a banking clearance. It’s now june 8 I have not received anything from my employer. I want to follow up the status of my reimbursement. sss# 3405895367 pls reply tnx po

  355. Hi Shiela, check it on the 5th business day. But it can stretch to the 6th or 7th business day

  356. Hello Ms Nora, how many days would it take to clear a check issued to my name? Issuing bank is BDO Manila and my account is a local BDO payroll account in the province. Thanks!

  357. Hi jelly, is your payee a company? Because your check might have been warehoused, and it was presented for clearing last Friday (they do these for checks due on weekends). You should call your bank today and ask about the status of your account, so you can make remedies.

  358. Hi Ms. Nora, I issued a postdated check dated today (Saturday). Unfortunately, I failed to fund it earlier. I went to bank this morning only to find it close. Will I be penalized if my payee en cash the check to other banks today?

  359. Hi shan, you should be able to withdraw it today since it’s already the 3rd day (from Monday, since it was a Friday afternoon deposit). But if your online banking has a data item called “Available Balance”, and the money is not yet posted there, then it’s not yet available for withdrawal.

  360. Hi Nora, a company check was deposited by my company to my metrobank account last Friday afternoon and i check on my metrobank online banking it is in current balance. when can i withdraw it?

  361. Hi aj, your money should have been available yesterday, Friday, if your account is in Metro Mla. and the check is a Metro Manila check. If provincial check, your money will be available Tuesday. But if Unionbank’s cutoff time for checks is 12 noon or 12:30 pm, then your check (if Metro Mla check) will be available Monday.

  362. Hi Nora, its my first time to receive a check deposit as payment. got the deposit wednesday afternoon 12:45 pm, amount deposit already showed to my e banking account at unionbank. today is thursday and im still unable to withdraw the said amount. what time does check usually clears? thank you in advance

  363. Hi Xavier, sorry for the delayed response. Of course, by now you already have your cash. Local check clearance is 3 days. If you deposited on Apr 13 at 7 pm, it’s considered a deposit the next day, which is Apr 14. You will have your cash on the 3rd day, which is Apr 16.

  364. Hi Nora, I received a BPI check last monday (4/13/2015) morning and I deposited it in my personal BPI savings account on the same day at 7pm. I have checked my BPI account online on the next day, tuesday, at 7pm and I noticed that the amount I deposited last day is now in the ‘Total Balance’ but not in the ‘Current Balance’. I also tried to withdraw but the transaction cannot proceed due to the amount I deposited is not yet on the ‘Current Balance’. Today, thursday, I checked again my BPI account online and as I noticed the amount I deposited last monday is still on the Total Balance and not yet reflected on the Current Balance. I would like to ask when will I be able to access my deposited amount. Thank you in advance.

  365. Hi Nora, me again lol. I have a different situation this time. The date on the check that I issued is April 7th and I forgot to fund the check on the 7th, I was able to put funds thru online banking funds transfers at around April 8th at 6am. I incurred a charge of P2,200 for bouncing the check, but the receiving bank said they got the money, the check got cleared but the funds is not yet deducted from my checking account. How is that possible? Thanks for the help Nora.

  366. Hi Claire, thanks for sharing. I’m glad too that you’ve successfully deposited yesterday via BPI cash deposit machine. And I too hope your check is ok.

  367. Hi ms Nora, πŸ™‚ i didnt know that there’s a BPI deposit machine!! Thanks to you! ( i know,so ignorant me.. πŸ™‚ ) but unfortunately i read your message just yesterday.. πŸ™ so i funded my account using BPI deposit machine yesterday afternoon.. I hope it’ll be ok.. I’ll update sooner.. Thank you so much for introducing me to BPI deposit machine.. πŸ™‚ next time, i already know what to do..

  368. Hi Claire, find a BPI cash deposit machine and deposit March 21 so in case Eastwest deposited your check Friday (many banks deposit warehoused checks due holidays or weekdays the day before the holidays or weekdays), you can rightfully argue with BPI that your account was fully funded on March 21. Money deposited into BPI cash deposit machines (peso bills entered directly into the slot; not using envelope) are credited instantly. Make a balance inquiry after depositing and get your balance-inquiry slip. I hope you can update us later on about what happened.

  369. hi, pls help.. I issued a BPI PDC to Eastwest dated March 21,2015 which falls on a saturday, i rushed to BPI to fund my account but unfortunately I did not make it. What will happen next? Is that considered as a bounced check already? I’m hoping BPi wont charge penalties. If i go to bpi first thing in the morning by monday and fund my account, would BPI still charge me? please enlighten me.. πŸ™ thank you in advance.

  370. Hi Aron, no, Saturday is not counted, even if MB has Saturday banking (BDO also doesn’t count weekends) so your money should be available for withdrawal on Tuesday.

  371. Hi Again, Ms. Nora, just want to ask, I deposited a Managers Check from BPI and I deposited it to my Metrobank Account, this morning Friday, it is a local check, when would it be possible to be withdraw? Metrobank has a Saturday Banking, would that counts?

  372. Hi Vicky, UCPB could redeposit your check today, but sorry I’m not sure if that’s their policy. To be sure, call UCPB now. About return of check, your check will be returned to UCPB.

  373. Hi ma’am. I issued a BDO PDC for my UCPB auto loan dated March 16 and I completely forgot that I had insufficient funds. I just checked my online account on March 17 after banking hours and found out that I was charged 2200 for the penalties, so I immediately transferred funds through online banking. I would like to know if UCPB will automatically redeposit my check, or I need to issue a new check, and will they return the check to UCPB or to my BDO branch? Thank you!

  374. Hi janis, if the check was deposited before cutoff Friday, your money will be available for withdrawal on Tuesday. If deposited after cutoff, your money will be available Wednesday.

  375. Hi there. I just need ur help. I was told that a bdo check was deposited last Friday but not sure if it was deposited before cut off. I have a Metrobank savings acct. Will it be withdrawable on Monday already or Tuesday. Pls email me ur response. Thank u so much.

  376. Hi Ruffa, you’re correct that local checks (payor bank and payee bank are located in the same region) clear on the 3rd business day and that regional checks (in different regions) clear on the 5th to 7th business day. This is because of the delivery of the physical check to the Philippine Clearing House.
    I’m puzzled though that the store does not have a local bank account, as there are interregional deposit fees, unless their bank is BPI, which does not charge interregional deposit fees.

  377. Hi Ms. Nora! I wanna ask if what’s the difference of clearing process from long distance and within the island?My situation is this, I pay through check to the store here in cebu and my bank is in cebu also but the store said their accounting is based in manila so the clearing will be made there in this case. They wanted me to wait 5 days for its clearing. all i know is that clearing process is 3 days. ( i issued on dated check) thank you

  378. Hi marivic, you can be charged if your check is not a crossed check and your payee presented it to your bank for encashment before you’ve funded your account. You can call your bank and ask why you were charged and ask for a reversal.

  379. hi just want to ask, I issued a check dated march 9. the balance is insufficient at that time i gave the check but was able to fund it through online banking the same day ( march 9) but when i checked i was charged a total of 1200 same day march 9.is that really possible or i can ask for a reversal? thank you

  380. Hi Aron, your check will most likely clear on Monday. Most local checks clear on the 3rd business day.

  381. hi, ms. nora, just want to ask, I deposited my check from security bank to metrobank this morning, Thursday, when would it be available? I understand, Metrobank is open every Saturday. Please advice.

  382. hi miss nora can i also ask about my check.it was sent to my friends bpi account last thursday afternoon. 3-5 working days daw pag sa bpi. was friday counted? i know CNY wasnt counted, so its the 5th day today and around this time, it’s still not cleared, according to my friend. what time would it be available in her account.

  383. Hi John, do you mean he’s paying your product through a check? You will not know if his check is good or bad until the amount appears in your account as Available for Withdrawal. You should NOT send or give your product if his check has not cleared. Send only after the amount is Available for Withdrawal, or to be sure, withdraw first the amount.

  384. Hi a customer of mine wants to deposit a cheque thru BPI is there a way that he can hold the cheque or for short scammed me for this? pls reply Im having problems with it

  385. Hi Mars, if you deposited your BPI check to your account in another bank, your money will be available for withdrawal on Wed. If deposited to your BPI account, it should be available now.

  386. Hi! I deposited a BPI check last Saturday, but they told me they had to clear it locally. The deposit slip they gave me indicated the date today, feb 16. However, I checked my account I still can’t withdraw it yet. When will I be able to do so?? I’ve been depositing checks and this is the first time that happened to me. Thaanks!

  387. Hi, This is a noob question. I have just received my check from sss. I was unable to encash it in pnb since they required me to provide a my sss id or e1 form even though i have other ids (both of which was lost in an fire).. My question is will i be able to deposit the check on my bpi savings account instead?

  388. Hi Nora, thank you very much for your replies. Sorry, was not able to get back to you for the updates. Fortunately, BDO reversed their charges on January 5, 2015 citing that they erroneously charged me with the insufficient fund charges.

  389. Hi Mae, the unfunded check will be returned to the payee’s branch of account. If you’re the payee, then the unfunded check will be returned to your bdo branch.

  390. And for the unfunded checks, in which bank will it be returned? like in my case, wherein i deposited a union bank check to a bdo branch nearby. can i get the unfunded check? So i can replace it with a funded check..

  391. I deposited a union bank check in bdo in the same region. But the account where i deposited the check is an account from other region. Does the 3day clearing rule still applies in this case or its already considered a regional check?

  392. Hi Junjun, thanks too, as I’m learning too — it’s my first time to read about a holiday-related PDC like this. I even posted your Q at pinoymoneytalk forum, and only one replied, advising me to “plead with my bank”. Based on your insufficient-fund penalties, it meant that on Dec 23, either BDO sent for clearing all PDC checks warehoused with them that were due Dec 23 to 28, or Metrobank sent for clearing all PDCs due Dec 23 to 28, and it didn’t matter to them that there’s an online transfer facility or that many bank branches open on non-business days prior to Dec 28. I hope you’re able to resolve this with BDO/Metrobank.

  393. Hi Nora, thank you for your reply. I issued BDO check to Metrobank for my car loan in metrobank. I have funded my checking account last december 26, 2014 through online banking fund transfer. I checked again just today, there is another charge of 1,000 again for insufficient fund. I dont knw the reason for these charges.

  394. Hi Marene, you should have funded your checking account on Dec 23, the last normal banking day before Dec 30. It’s possible you’ll be charged for insufficient funds. I don’t like unnecessarily making you sad a bit, but it’s better that I say the worst so you’ll have saved money if what I said will not come true. By the way, I checked EastWest’s website, and there are branches open today: 168 Mall, 999 Shopping Center, Baclaran, Bicutan East Service, Cebu Park Mall, Festival Mall – Level 2, Greenhills Shopping Center, so it will be good to fund your checking account TODAY, so you have leverage when you complain to EastWest later if there will be charges.

  395. Hi! I have a PDC for an auto loan (EastWest Bank) dated December 30, 2014. Since this is a holiday, will I still be able to fund the check on January 5, 2015? Thanks!

  396. Hi Junjun, to whom did you issue your pdc? to BDO? That’s why your check was tagged for clearing on the 23rd? Is this for a BDO loan? I’m just puzzled they penalized you on the 23rd when the check is dated 28th. Sorry I’m also puzzled. What I know is there’s a charge for each non-business-day if the check is dated 23rd and was only funded on the 29th. Your check is dated 28th. Since you can fund your account on the 27th, as many BDO branches open on Saturdays, your pdc should be good. You should question BDO. You should fund your check today, so you have more leverage when you complain to BDO and when needed, to the BSP, unless your BDO checking account policy has specific rules regarding pdc check dates issued to them that fall on a holiday

  397. Hi, i have a question. I issued pdc dated december 28, 2014. I was charged by bdo for insufficient fund last december 23, 2014 because they said I should have funded it by december 23 as it was the last banking day prior to the date of my PDC. Is BDO right in charging me? Is there a way for my charge to be waived?

  398. Nora, thanks for the help. Actually what happened was, Banks offered Temporary Suspension of Check Clearing last MOnday, Dec 8, due to the typhoon Hagupit, so that gave me ample time to fund the check using deposit atm friendly machine, lol. Thanks!

  399. Hi Claire, I hope you have funded your check successfully. If the check was deposited Monday, and you funded it before noon Monday, then the check cleared.

  400. If the date on the check is Dec 7th, and it is Sunday? Will I have the chance to fund the check on Monday? Will it bounce or will it clear? Thanks

  401. Hi jever, yes, many banks will accept a check for redeposit, as long as the reason for bouncing was insufficient funds or uncleared deposits and not closed account or stop payment order. But if you can, you can xerox your bounced check (for your own copy in case the issuer ask for the bounced check) and ask for a new check from your issuer.

  402. hello nora, thank you for all your answers above, its a big help to us, just one more question, can we redeposit a check that has bounced? (since I’ve been told the account is already funded) thanks again.

  403. I deposited my check last Thursday and assuming will be posted on Monday. What time will it be on Monday? Is it early in the morning?

  404. Hi karen, if the check was deposited before cutoff Friday, usually 1 pm, yes, I think you’ll get a penalty. But deposit at opening time tomorrow; you might be able to remedy it.

  405. Hi, may I ask: the check was deposited last friday. And I was going to deposit last friday to fund the check but wasn’t able to get to eastwestbank before closing time. Is there already a penalty even if I deposit tomorrow monday morning 9am?

  406. Hi Riz, there are some issuing banks that encash it. Try. About clearing: No, weekends are not counted. If you deposit it on a Friday, your check will be cleared on the following Tuesday.

  407. i just want to know if there’s any way I can encash a manager’s check directly from the issuing bank? If not and I need to deposit it, does weekend counts with the 3 days clearing period?

  408. Hi Jen, does your borrower have assets like house, car, land or jewelry? Is he concerned about her/his reputation? Is he the type of person who can be scared into paying with a lawsuit? You can deposit that check so it will bounce, and you can sue your borrower with a bouncing check charge. And of course you spend legal costs. Maybe it’s better if you first issue a letter of demand. And have it signed by borrower, or send it through registered mail or by LBC so you can get from LBC a copy of the receipt slip (so you’ll have proof that they got the demand letter; by the way, before sending at LBC, ask LBC if you can get a copy of the receipt slip later on, to be sure). There are sample demand letters online. Just google “sample demand letter Philippines”. Here’s a good article: http://fitzvillafuerte.com/how-to-make-friends-pay-back-the-money-they-owe-you.html You can read also his other related articles — they’re helpful.

  409. Hi aki, I hope you already got your money last Friday. Yes, if you deposit it before cutoff time, you count the date of deposit as 1st day. Sorry I replied only now.

  410. Hi ma’am nora may question po ako, someone owes me money over 200k and had not been able to pay for a long period of time. then recently he issued me a post dated check. And then after awhile again, he called me and asking me not to deposit the check he issued due to insufficient funds. Can i use this check against him to get my money back? Or wont help anyway? Thank you so much for taking time to read this!

  411. Hi Ms.Nora, I deposited my BPI cheque to my metrobank account last Wednesday, 12pm. I know it takes 3-working days for my cheque to be cleared. So im just wondering if wednesday is already considered one working day? And if not, can I withdraw my money by monday morning or will it be available by monday afternoon? Thank You.

  412. Hi lyka, yes, most checks expire after 6 months from date of issue, and some checks with shorter expiration dates write these dates on the checks. I suggest that you deposit it to your account or encash it asap as we don’t know what will happen to your husband’s previous company’s BDO account later on. What if the company suddenly fails? Get the money now while it’s there. Now if you’re concerned that you might be tempted to spend the money quickly, then deposit it in your account (preferably not payroll account), and don’t touch it.

  413. Hi nora, my husband received his 13 month pay from his previous work in the form of a check. Issuing branch is in pasig kapitolyo, date of issue is sept.11. The check issuer is Banco de oro. We haven’t encashed it yet. Will the check expire if we don’t encash it yet?

  414. Hi Diane, did you get the check and deposited it on Oct 7? If yes, your check should have cleared Oct 9. Or did you give them your SB acct no. so they’ll deposit the money there? If yes, I think it takes 5 to 7 days before your loan becomes available on your account.

  415. Hello Mam. I applied for cash to go (credit card offer) from Metrobank and they had the Manager’s Check released last October 7, 2014. When I checked my Security Bank SA Account today, the amount has not been posted. How long will it take for my check to be posted and ready for withdrawal? Thank you in advance

  416. Hi Lorie, sorry I saw your question only now. BPI has been offering same-day clearing for bpi checks deposited to bpi (should be bpi to bpi, not bpi to bpi family). For a BPI check deposited to BDO — 3 days clearing for local checks (the same phone area code). For regional checks (different phone area code) — 5 days clearing; sometimes up to 7 days.

  417. Hello Ms. Nora

    I’m an accounting staff, and i was kind of confused… When customers deposit their check payment and it is a regional check, that is for 3 days clearing right? then if check is for example a bpi check and is deposited to bdo, is that another 3days? that means 6 days? what if it’s of the same bank, a bpi check deposited to bpi bank, is it still for 3days clearing? either local or regional? Thank you!

  418. Good pm. I deposited my sss check on friday at bpi. when would it be cleared and when can i withdraw? thank you

  419. Hi rovie, sorry, weekends and holidays are not counted. If you deposited before noon or 1pm on Oct 2, your money should be available Tuesday, Oct 7

  420. Hi Dora, that means the 2 checks were unfunded, and they bounced. Have you called your issuer? By the way, when you deposited the check, the amount should be posted under current balance, and when it’s available for withdrawal, the amount is then posted under Available Balance.

  421. Hi. my client issued a pdc on oct 2. it was already funded prior to that date. when will it clear? does the counting include saturday and monday (since today is holiday)? thanks

  422. Hi! I was issued 2 checks. thursday i deposited to my account the 2 checks. Thursday afternoon, i made balance inquiry, the checks were credited to available balance but not yet current balance, sunday evening i made again balance inquiry, my account balance was negative 23,000. What does it mean? I didn’t withdraw.thank you.hope to hear from you.

  423. Hi kathryn, if your bank’s cutoff for checks is 1 pm or 2pm, then yes, your money should be available tomorrow, thursday.

  424. Hi. i would like to ask if the funds from the check i deposited yesterday-tuesday 1pm will be available by tomorrow afternoon? Thank you.

  425. Hi claudine, do you mean you deposited sep 23 at noontime over the counter? if yes, your money should be available sep 25 morning.

  426. hi i deposited a unionbank check at my metrobank account tuesday at 12pm can i withdraw it thursday night after 10pm thanks

  427. hi i just want to ask i deposited a unionbank check at my metrobank account 12pm can i withdraw it thursday night after 10pm? thanks

  428. Hi, my company deposited a check Tuesday afternoon, saying there are 3 days clearing for a local check; it’s a BDO check to my BPI account. I check in my account online the amount of the check shows in total balance however I still cannot withdraw it, it is not available. It has been 4 working days. What could be the reason for the delay in clearing? Thanks

  429. Hi. When will I be able to withdraw a check deposited to my payroll account last Tuesday at around 12noon?

    Thank you, good day and God bless!

  430. Hi Ann, it’s 3 days of clearing, but banks are required to report if checks are funded/unfunded before 7 am the next business day. Is an atm machine near where you are, so you can check your balance? Or you can check your online banking. Or you can call your bank now so you can be sure of the status of your check and account. Ask others too

  431. Hi Ann, sad to say, it’s likely that your check was already reported insufficiently funded and returned Monday morning, and you were already deducted with penalty, or probably closed if there’s not enough balance to pay the penalty.
    If your account was not closed, yes, you can still fund it so your payee will get her money when she re-deposits the check.
    Ask others too

  432. Hi!Is it still possible to fund tomorrow for the check already deposited last Friday? As per depositor, the bank teller told her the check will still undergo three days clearing, so can I still fund it by tomorrow?

  433. Hi fatima, if you deposited before cutoff (1 or 2 pm), or if the teller did not say anything about “to be deposited the next day”, your money should be available tomorrow.

  434. Hi love, do you mean you issued a regional check today and then you or payee deposited this check also today to the payee’s account, knowing your account is insufficient? Yes, you should fund it the next day so your payee will get their money. But I think you will already be penalized because even if it’s regional, most things now can be done online. Ask others too

  435. Hi ms nora if i issued regional check dated today and deposited of payee but insuficcients funds pede ko pa pondohan on the next day para ma clear and wala ako penalty? Ty

  436. hi mam..my boyfriend is a retired us navy so he has only his pension to depend on. how many working days before his check deposit will clear?Are holidays included when counting the processing time?

  437. Hi maam, ask ko lng po. I deposited my metrobank check at BDO last friday at 5pm.. The teller told me that itll take 3 banking days for the clearing..so there was weekend and holiday nung monday kaya tom pa dw sya ma cleared. Is there any specific time po ba na pwd ko sya ma widraw..like cut off time din po ba? Thanks

  438. Hi Lynn, based on cases online that I’ve read, you need to redeposit within 90 days, but you need to talk with your issuer asap, and not wait for some more days. If the reason for the next check return is “account closed”, then you talk with your issuer again, or issue a notice of dishonor and demand for payment.

  439. Good am, meron po akong hawak na daif check, dated ang. 8, unang daif pa lang. Hanggang kailan po ang validity nito. Pwede po ba itong ma cancel or invalid? Ty po lynn

  440. Hi M’, I have BDO checks right now, can I outright encash it or pag ideposit q ba, how many days before ko xa ma-withdraw sa account ko?

  441. hi mam nora ask ko lng po ngdeposit po ako ng mc ng bdo sa bpi payroll account ko thursday morning sbi 3 days clearing po sya kung monday po mga what tym po exactly magiging available po para ma widraw thnks

  442. Hi ann, sorry I’m not sure about BPI payroll accounts. BDO payroll accounts accept only transfers from corporate accounts, not over-the-counter deposits. Try depositing; BPI might be more flexible. By the way, where’s your company ID?

  443. ask ko lng po pwede po ba ideposit sa payroll account ng bpi ang managers check ng bdo yun lng po kc ang account ko sa bpi wla rin aq valid id bukod sa tin e thanks

  444. Hi patrick, a Thursday night deposit is usually considered a Friday deposit, so 2nd business day would be Monday and 3rd business day would be Wednesday (when your check will clear).

  445. ask ko lang po kung macrecredit/available na po ba today july 28 sa BDO acct ko na nadeposit po na check from hsbc last thursday night july 25 sa bdo account ko? especially holiday po ng muslim tomorrow? just wondering lang po. thanks

  446. Hi mam ask ko lang po kung ung cheque po eh postdated cheque for housing loan tapos nakita ko po sa online banking ko nung na clear siya hindi siya na regular clearing kundi CA CHQ ENCASHMENT, anu po ba ibig sabihin nyan? Inencash ung pera tapos hindi pinasok sa housing loan ko sa metrobank?

  447. Hi kimberly, yes, your check will clear on the 3rd day, on Wed. No, there’s no fee for check clearing.

  448. hi mam tanung ko lang po may manager’s cheque po ako ng bdo lastpayment po sakin ng sm tpos po pinunta ko po sa bdo nanghihingi po sila ng id .wla po kong sss etc valid id sabi po nila ipunta ko po sa bpi kse dun po ko may personal acct .pag nqprocess ko na po ba sa bpi un may charqe po ba at 3days clearing po ba un kakqprocess ko plang po ngaung araw po

  449. Hi Nora,
    Ask ko lang po kung pwede ko po encash yung cheque na ini-issue po sa akin, kaso po cross cheque. Final pay ko po yun sa trabaho. Wala po ako bank account. Metrobank po yung bank.

  450. Hi ireen, based on your story, I think your husband’s Kabayan account is tagged as only for cash deposit/remittance because maybe when he opened his account, he lacked some requirement. That’s why they’re asking for a proof of billing. I suggest you try another BDO branch, and then if still not accepted, go to the branch where your husband opened his account, and then try to deposit there. If this branch is far from your place, before you go there, ask your husband to scan his IDs/passport and email it to you so you can print it, so you have something to show in case that BDO branch asks for your husband’s additional IDs.
    No, you cannot deposit that check in your brother’s account since the account name and check payee are not the same.
    If his BDO branch refuses to accept the check, another option is to go to the bank branch that issued the check, and ask if you can encash the check if you present a SPA (if yes, ask what the SPA should specifically contain).

  451. Hi nora, my husband’s final pay is for deposit(cross check) how ever he’s outside the country. I went to the nearest bdo branch to deposit it in his kabayan savings account but the teller refused to do it so. She’s asking for a proof of billing under my husband’s name as a requirement but he doesnt have any. One more thing is the bank teller kept on insisting that they need my husband to sign something but she didn’t clarify what requirements /documents he needs to sign. Another bank teller told me they can’t do anything about it because they need the check’s owner which is my husband and the proof of billing.that’s the requirement.she told me as well to go the branch where the kabayan savings account is open. Is there any other options to deposit/encash that cross check.one more thing is that my husband doesn’t have other account.that’s the only bank account we have.can I use my brother’s bank account to deposit my husband’s cross check?

  452. Hi rene, yes, you can. But it will bounce if it’s still unfunded, as you said your payor said “next week”. Ask your payor if his check is already funded. Checks now are being returned before 7 am the next day if not funded on the day of deposit, and returned check fees will be charged.

  453. Hi Ms Nora,

    I need your advice please.
    May nagbayad sa akin ng Post Dated Check BDO Bank, Dated June 17, 2014.

    June 18 sabi ng nagbayad sa akin ay wag muna ipaencash dahil wala pang funds.

    Last day, June 25, sabi nya next week pwede na encash. Sa June 30 ko balak ipaencash dahil monday na un.

    Meron ng 2 weeks mula ng Check Issue Date.
    Pwede ko na bang check deposit sa BDO account ko ngaung June 26?

    salamat po mam

  454. Hi MJ, if your payee deposited the check this Tuesday morning, I think there’s already a charge. I wish you deposited cash on Monday. But let’s hope Landbank has special clearing for Landbank-check-Landbank-account clients so your check cleared Tuesday.

  455. Good day po.Here’s my situation:
    i issued LPB check on friday not knowing na insufficient n pla ung fund. i just found out this monday and i hurrily deposit a local check ( it will still undergo clearing).i called the person whom i issue the check and he told me n nadeposit nia n daw this tuesday yung tseke s bdo.my worry is merun n ba aqng penalty due to daif if nrecieve ung deneposit na tseke s bdo even if merung local check deposit ung acct?

    thank you po

  456. Hi Kis, sorry I don’t know PSBank’s returned-check penalty amount, but for many other banks, the penalty is 2,000 pesos, plus 200 pesos for every 40k or a fraction thereof per day. Banks no longer inform most clients about insufficient funds because of the check clearing law issued in 2011. Banks close the account if there’s no more balance after the penalty is debited.

  457. GUD DAY PO.JUST WANT TO ASK IF I HAD A PENALTY FOR BOUNCED CHECK @PSBANK HOW MUCH IS THE PENALTY. DI PO BA PAG NAGBOUNCED PAPAALAM SA NGISSUE DAPAT? TAPOS YUNG DINEPOSIT PO BA N MONEY E DI MAGAGALAW?IBABAWAS LANG YUNG PENALTY, THAT WAS FOR LAST MONTH.

  458. Gud am ask ko lang kng pwd ma dposit cheke ng asawa ko sa kbyan acct. Nya.. Nsa abroad po xa n0w.. Aq lng sna mg deposit

  459. Hi jenilyn, local checks will clear on the 3rd day. Regional checks will clear on the 5th to 7th day. Local kapag the bank that issued the check and the bank where you deposited the check are in the same region (like NCR, usually the same phone area code). Regional kapag different regions.

  460. hi, tanong ko lang po my nareceive po kc akong incentives SBC check kung edeposit po sya sa account sa landbank kailan po macclear?… saka ano pong kaibahan nang local checks sa regional checks?…

    thanks,

  461. Hi Jhona, if the Unionbank issuer and your BPI branch are both in the NCR or the same region, it will clear on the 3rd day. If different regions, on the 5th to 7th day.

  462. Hi Inda, if your check will be deposited before 2 or 3pm, it’s possible that your check will be returned and you’ll be charged with returned check fee. If after 2 or 3 pm, I think you still have time to fund your checking account the first minute the next day. But it all depends on your bank, so call your bank.

  463. Hi, I have a Unionbank checque and I would like to deposit it sana sa BPI ko na salary account.

    If I deposit it today, how long before ma-clear?
    Thanks.

  464. Hi. Tanong ko lang po if paano ang clearing if me issued check ako na for deposit pero nagkataon na local holiday sa amin (sa lugar na idedeposit ang check ay hindi)?
    Paano po kung ang funds ng check issued ay sa araw na nataon na holiday at walang deposit?

  465. how can i encash my check without valid i.d,.. i present my police clearance ,barangay clearance and my student liscence . all of that have my picture but it not honored by b.d.o branch here in S.M calamba laguna. is it valid? because i dont have any valid i.d. how i encash it.

  466. Hi An, did you present it before 2 pm? If yes and if PSBank had sent it for clearing Friday, it’s possible that you already have been charged with a returned check fee. If not yet, you must fund your check today or Sunday (BDO in malls).

  467. Hi, my checking acct is from BDO, and I released a check on a Friday to PSbank. If there is a 3 day clearing, and I have an insufficient funds kaya pa bang humabol on a Monday para Malagyan ng funds ung acct ko? Para Hindi tumalbog ang check?

  468. Hi rose, when the check is encashed and there’s 5k in your account, the check will not be returned. Pero kung nabawasan na ng 300 for below-maintaining-balance penalty, your check will be returned, and a returned-check penalty will be deducted from your balance. Below-maintaining balance penalty is deducted on the last day of the 2nd consecutive month na below maintaining balance, and then every month thereafter na low balance.

  469. Hi, I have a bpi acct, marereturn po ba ung checks na issued ko for 5k, if yun lang ang laman /balance ng bank account ko? may maintaining balance kasi ang bpi sa checking na 10k, kung 5k lang ang balance nya and may magcleclear ako na check worth 5k, marereturn po ba un check na naissue ko?

  470. Hi Hazel, yes, isusulat mo yong dates – yong date due mo every month for the 12 months na pinag-usapan ninyo.

  471. Paano gumamit ng post dated check? Kasi mag-iissue ako for Pag-Ibig Housing Loan ko. Yung 12 PDCs ba kapag sinubmit ko sa developer lahat susulatan ko na with correspoding date kung kelan nila i-encash?

  472. Hi Lynn, did your payee tried to encash your check the same day, Friday? If yes, then you could have already incurred a penalty, and your check returned to your bank. But if the check was encashed on the following Monday or after, then your check cleared.

  473. Hi i issued a bdo cheque on a friday but funded it on a saturday, will my check be cleared thanks

  474. Hi Nikki, was that check issued in Cebu, CDO, Davao or Metro Mla? Yes, it should clear on Monday. Was that check issued in another region? It might clear on the 5th day.

  475. Hi alvey, if the issuing Citibank branch (not any branch) is near you, you can inquire — they might encash it. Or you can open a BPI Easy Saver (no maintaining balance requirement, but charge 5 pesos per atm withrawal/balance inquiry) with at least 200 pesos and your Citibank check.

  476. I deposited my check at RCBC here in Cebu last March 13, 2014 at 9:30AM. Would it be available by monday March 17, 2014??Thank You!

  477. hi can i ask, i have a check issued to me for my final pay the instruction was it is for deposit in my acct. The check is with citibank. The problem is i dont have any personal acct to deposit the check can i encash it to any citibank branch or do i really have to open an acct?

  478. Hi ann, local checks clear on the 3rd day. You’re right that it should clear on the following Mon. But since it’s an SSS check, RCBC might have a faster-clearing system for SSS checks. I’m not sure though. You should talk with your RCBC branch manager, and ask how you can get back your money. If they refuse to help, tell them you’re going to ask help from Tulfo or Enriquez or the BSP.

  479. Hi ann, dapat cleared na today. But if you deposited it after cutoff last Friday, it will clear tomorrow, Wed.

  480. Hi i deposit a check in rcbc last thursday. A pnb check from my sss loan. When will the money be available fro withdraw/when will the check be cleared? Then rcbc told me that the money was withdrawn friday night but i did not withdraw the money since the money will not be available until monday? How come?

  481. Hi i deposit a check in rcbc last friday. A pnb check from my sss loan. When will the money be available fro withdraw/when will the check be cleared?

  482. Hi Renato, there are regional exchanges such as CDO, Cebu, Davao that are already integrated with that of Metro Mla so it might clear on the 3rd day. But so you won’t get disappointed, just expect it on the 5th day. Sorry I haven’t encashed a regional check yet in the province so I can’t give a sure response.

  483. Good Day…it was said that check will clear on the 3rd day after the check is accepted for deposit. And on the 5th to 7th day if accounts are in different regions.
    My question is: The check has been issued by PNB from one province and it was deposited to LBP in another province (they’re on the same region). How many days would it take to clear the check? Would it be on the 3rd day or on the 5th to 7th day?
    Thank you

  484. Hi matt, you mean the check date is a Saturday? As far as I know, it will not clear on a weekend. Yes, fund it on Saturday and make sure it’s credited in case your payee encashes it at your bank on the first banking minute on Monday. To be sure, call your bank and ask.

  485. Hi dave, what do you mean “transfered”? Did you not deposit directly into your checking account as that was already Friday? Maybe your payee encashed or presented the check the first hour last Friday, before you deposited money.
    If your checking account has an automatic transfer arrangement, and you deposited into the linked savings account before the payee presented the check, then ask your bank why ATA was not applied.

  486. i gave a check to a supplier dated fri and i deposited funds to cover on that day but when i payed in addtional money on monday i had a penity as my funds were transfered after the day cut off can i ask for a refund of the fees

  487. Hi yhelly, no, it will clear on the 3rd day after your check is accepted for deposit.
    On the 5th to 7th day if your accounts are in different regions.

  488. Hi,

    I would like to ask if i deposit a check to my friends bdo account using my bank of commerce check will it clear the same day?

    Appreciate your immediate response.

    Thank you

  489. Hi Ray, it would depend on the bank. You can try calling your bank and asking for reversal of the penalties. If they won’t, at least you tried. I haven’t heard though of Drawn Against Insufficient Funds penalties being reversed, except in certain cases where the bank committed an error, such as in checking accounts with automatic check funding.

  490. Can the penalties for the checks be reversed?
    Unfortunately, I issued two spearate checks to 2 different individuals. Then both individuals encashed/deposited the check separately in the same week. Unfortunately, I was not able to put enough funds by accident (short for about a few thousands). When I found out about the insufficient funds, I immediately funded the checking account for the missing funds. That is also when I found out about the penalty. The penalty was too large to just accept. Please advice how to reverse the penalty.

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