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July 1, 2025 at 4:00:00 PM

MC.3887.CLARIFICATIONS ON STRICT ENFORCEMENT OF THE NON-ACCEPTANCE OF CHECKS WITH INVALID DATE FORMAT AND UNNECESSARY SPECIAL CHARACTERS_SYMBOLS IN THE AMOUNT IN FIGURES

Only the DATE OF ISSUE and the AMOUNT IN FIGURES have restrictions (must be in the required/ acceptable format).

New presentment of Checks which Date of Issue and/or Amount in Figures are not in the required or acceptable format, are no longer acceptable.

Warehoused Checks though non-compliant were accepted when still valid and as such, acceptable upon presentment when due. However, if dishonored, will lose eligibility for re-clearing starting July 1, 2025 due to the strict enforcement on non-acceptance.

Non-compliant Checks however, may be presented directly to the Drawee Bank for payment.

June 20, 2025 at 12:30:00 AM

PESONet Participant Banks and EMIs

By July 01, 2025, there will be 124 total number of PESONet Participant Banks and EMIs.

June 19, 2025 at 4:00:00 PM

PESONet Participation of Gateway Rural Bank, Inc.

Gateway Rural Bank, Inc. (GateBank) with BIC: GARKPHM1XXX starting July 01, 2025 is the latest PESONet participant.

CICS Participant Banks/Institutions

There are 3 types of Clearing Participants in the PCHC Check Image Clearing System or CICS, these are: Shareholder Members -...

Jun 19

CICS Participation of Cooperative Bank of Cotabato

Pleased to announce the participation of New Rural Bank of San Leonardo (NE), Inc. on November 04, 2024.