It processes 704,000 items on average daily from 5,600 bank branches.
Philippine Clearing House
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The validity period of a cheque in the philippines should be about six months.
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Philippine Clearing House O electronic peso clearing and settlement system (epcs). The foregoing shall form part of the clearing house rules and regulations, violation shall be subject. The bsp circular requires banks to return drawn against uncleared deposit (daud) and drawn against insufficient funds (daif) checks to the philippine clearing house corporation (pchc) by 7. I/we allow the electronic clearing of this check and hereby waive the presentation for payment of this original to bdo unibank.
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O electronic peso clearing and settlement system (epcs).