ECCB Advises Maximum period for Clearance of Cheques

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The Eastern Caribbean Central Bank has advised that the maximum holding period for any cheques drawn on and deposited at commercial banks within the ECCU should not exceed two (2) days after the initial transaction.

All commercial banks within the ECCU have given their commitment to satisfy this standard.

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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