Outvestor wrote:mukiha wrote:One beef I have with this is that there is no info in public domain on how to recognise the CTS cheques.... If you pay me by cheque, how do I know whether it is CTS or old type?
I got my Stanchart CTS checkbook last week. Notably:
1. All cheques accross all banks will all be of standard size (7x4) inches.... the older Stanchart cheques were of smaller dimensions.
2. The CTS cheques bear a hologram (I was expecting something with a KBA logo etc, but mine just shows the SBK logo.
3. There's an Ultra-Violet light sensitive portion on these cheques, just like that found on most currency notes.
4. Alterations of any kind; even when counter-signed will not be accepted.
5. I'm not sure if this applies across the board.... but for Stanchart, you need to have the cheque-book activated (unlike before) prior to using it.
@Outvestor:
1] My bank (I&M) was already using that std size for business accounts.
2] The hologram is NOT std feature - my CTS cheque book doesn't have it. SCBK has been having the hologram on business account chques for as long as I can remember!
3] The UV light feature cannot be seen with the naked eye! So, if someone pays me with a cheque, I have no way of seeing them... unless I also buy a UV light source....
4] The point on alterations does not help me identify if it is CTS or not
5] Activation is not std requirement.... and it doesn't help me know if the cheque I was paid with is CTS or not.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.