Account closure and cheque clearing

[Sg_Stone]

Hi all, i wanna ask these two questions.

1) What are the procedures for closing of bank account? The bank would issue you a cheque for it? Anyone closes and open the same account before? Would it be very weird?

2) Lets say i have a DBS account, my friend issues me a OCBC cheque. Where should i drop the cheque into? I guess is it at a DBS branch?

Sorry for noob questions.

 

[edwinttt1978]

Hi all, i wanna ask these two questions.

1) What are the procedures for closing of bank account? The bank would issue you a cheque for it? Anyone closes and open the same account before? Would it be very weird?

2) Lets say i have a DBS account, my friend issues me a OCBC cheque. Where should i drop the cheque into? I guess is it at a DBS branch?

Sorry for noob questions.

1) Personally visit bank with NRIC and give bank teller instructions. Choose cash or cashier order in own name. Account, once closed, cannot be re-opened. Early account closure fee may apply. Opening of account will be in another account number.

2) That OCBC cheque, bearing your name, may be dropped into DBS or any other local bank in Singapore you have account with.

 

[denial86]

1) Personally visit bank with NRIC and give bank teller instructions. Choose cash or cashier order in own name. Account, once closed, cannot be re-opened. Early account closure fee may apply. Opening of account will be in another account number.

2) That OCBC cheque, bearing your name, may be dropped into DBS or any other local bank in Singapore you have account with.

Just to be very clear on point 2 that Edwin mentioned because it sounds like it might be your first time receiving a cheque, please remember to write your account type and account number at the back of the cheque together with your name and contact number before you drop the cheque into the cheque deposit machine/box.

If you already know that, please ignore me, but better safe than sorry.

 

[wts2013]

1) Personally visit bank with NRIC and give bank teller instructions. Choose cash or cashier order in own name. Account, once closed, cannot be re-opened. Early account closure fee may apply. Opening of account will be in another account number.

2) That OCBC cheque, bearing your name, may be dropped into DBS or any other local bank in Singapore you have account with.

hahaha, just remember to write your DBS account number on the back of the cheque and drop the cheque into DBS cheque deposit box, hahaha, people ever write DBS account number but drop into UOB deposit box then got to find ways to get it back, hahaha

 

[edwinttt1978]

hahaha, just remember to write your DBS account number on the back of the cheque and drop the cheque into DBS cheque deposit box, hahaha, people ever write DBS account number but drop into UOB deposit box then got to find ways to get it back, hahaha

If there is an account with UOB, UOB staff will call and ask if you would like to have that cheque banked into that account instead, overriding all details behind the cheque.

 

[edwinttt1978]

Just to be very clear on point 2 that Edwin mentioned because it sounds like it might be your first time receiving a cheque, please remember to write your account type and account number at the back of the cheque together with your name and contact number before you drop the cheque into the cheque deposit machine/box.

If you already know that, please ignore me, but better safe than sorry.

For another better-be-safe-than-sorry situation:

do not use quick cheque deposit (i.e. putting the cheque into a box to skip the queue) in case it is a cash cheque (i.e. pay CASH) or uncrossed cheque (i.e. any person who picks it up can withdraw cash with it).

 

[wts2013]

For another better-be-safe-than-sorry situation:

do not use quick cheque deposit (i.e. putting the cheque into a box to skip the queue) in case it is a cash cheque (i.e. pay CASH) or uncrossed cheque (i.e. any person who picks it up can withdraw cash with it).

hahaha, moi will still drop a cash cheque into deposit box, just make sure it is crossed and write my account number behind, hahaha

 

[wts2013]

If there is an account with UOB, UOB staff will call and ask if you would like to have that cheque banked into that account instead, overriding all details behind the cheque.

hahaha, too bad when the mistake occurred, the cheques were supposed to be deposited into business account/name, kana dropped into bank with personal account, luckily got company chop with contact details, hahaha

 

[henrylbh]

hahaha, just remember to write your DBS account number on the back of the cheque and drop the cheque into DBS cheque deposit box, hahaha, people ever write DBS account number but drop into UOB deposit box then got to find ways to get it back, hahaha

Ha ha, writing name and contact number on the back of a cheque no use if cheque is deposited into a wrong bank. That bank wouldn't call you but will return the cheque to the issuer.

I had a cheque to be deposited into OCBC but my sis dropped it into the cheque box of POSB. There was no way I could retrieve the cheque after a few days and POSB never called and I had to wait and wait for the issuer to redirect the cheque to me.