Why we’re no longer accepting cheques - CommBank



Why we’re no longer accepting chequesOrWhy we’re phasing out chequesWe would like to let you know of an important change in the way we accept payments.Effective XXX, we will no longer be accepting cheques as a payment optionorWe are phasing out cheques as a payment option. Some reasons for this change are as follows:Cheques are slow. It takes you time to write and post a cheque, and time for us to bank it.Cheques can be vulnerable. Cheques can go astray or simply get lost in the mail, leaving you with an unpaid bill. Cheques are harder to track. When you pay by cheque, your balance only updates when the cheque is cashed, making it harder to keep track.We encourage you to pay us electronically via online or phone banking. Electronic options we accept include:321945013970Direct CreditPay regular bills automatically from the bank account or credit card of your choice.00Direct CreditPay regular bills automatically from the bank account or credit card of your choice.487680013970Credit card (online or in person)Use your credit card online or in person.00Credit card (online or in person)Use your credit card online or in person.159067513970BPAYPay us online or via phone using a secure BPAY customer reference number.00BPAYPay us online or via phone using a secure BPAY customer reference number.1905013970Electronic funds transferSend funds straight to our bank account from your online or telephone bank.00Electronic funds transferSend funds straight to our bank account from your online or telephone bank.Paying electronically allows you to track your cashflow via your online banking, without waiting for a cheque to clear. Electronic payments are fast, secure and convenient. They help you save time and money. Please advise your payment preference by contacting us on XXX OrEffective [date], please pay us using XXX.Please contact us if you have any questions or concerns. ................
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