July 11, 2011

Checking Accountholders

Philippine Clearing House Corporation or PCHC will implement the use of standard dorsal format for all bank checks, both personal and commercial checks. They aim to put an order in accomplishing required information at the back of the check. 

September 1, 2011 is the tentative date for implementation but they are encouraging checking account holders to request for a new checkbook with a new dorsal format and replace the old checks that have been issued even there is still no implementation.

So whether we like it or not, we have to order new checkbook. For the second time around, we need to replace the checks that we have issued for our housing loan. Just last week; I received twenty pieces of checks that I need to replace for our Pag-ibig Housing loan.

new format
I am not happy with this because I still have one unused checkbook with the old format that we plan to use for Pag-ibig because we want to close the BDO checking account. Aside from that we still have several checks left on our checkbook because we rarely use it. But what can I do if I can no longer use this checks.

I do not want to put this into waste so what I did is I reuse it. Voila! My very expensive scratch pad (P175 per checkbook).

I can't find my padding glue so I'm just using a paper clamp to bind the paper

1 comment: