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:
2. Writing the Name of the Recipient
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