In a letter dated May 25, 2023, HSBC SAVINGS BANK (PHILIPPINES), INC. informed of its voluntary withdrawal from CICS participation effective June 1, 2023.
There are 3 types of Clearing Participants in the PCHC Check Image Clearing System or CICS, these are: Stockholder Members - Commercial Banks Associate Members - Non-commercial Banks Clearing Subscribers - Thrift, Cooperative and Rural Banks