Check Payments

Check Payments must be in on-date check issuance.

Client must issue post dated checks depending on how many months will be his/her equity payable.

Since 2016, checks with erasures, corrections, or deficiencies are no longer accepted, as per the Philippine Clearing House Corporation (PCHC) Memo Circular 15-460. If you’re still not sure how to write one, here’s a guide to formats used in writing a check in the Philippines:

1.  Writing the Date

Effective July 1, 2018, these are the accepted formats when issuing date of checks for clearing:

Format Example:

2.  Writing the Name of the  Recipient

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