It’s the end of the road for cheques
The last SA bank standing joins the rest to close the door on the paper-based payment method
21 August 2020 - 15:17
Standard Bank has announced that it will stop processing cheques at the end of this year — making it the last bank to condemn the paper-based payment method to the history books.
FNB announced in July that it will no longer process cheques from January 2021. Nedbank will stop issuing cheque books and bank-issued cheques from September, while Absa stopped issuing cheques in July. ..
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