Post Dated Cheques Withdrawal and Deferment in Next Gen CIB? Print

Use this guide to withdraw or defer a post-dated cheque (PDC) through Next Gen CIB.

Step 1: Search for the cheque

1. Log in to iBusiness
2. Navigate to:
    Payments & Transfers > Collection Services 
3. Select the Account Number and/or apply filters
4. Click Search to view all post-dated cheques
5. Select the cheque you want to manage

Step 2: Choose an action

• To withdraw the cheque, select PDC Withdrawal
• To defer the cheque: 
  1. Select PDC Deferment
  2. Enter the new presentation date

Step 3: Review and submit

1. Review the selected details
2. Click Submit

Step 4: Authenticate the request

• You will receive a notification on your paired mobile device
• Approve the request to proceed
• A confirmation screen with a reference number will be displayed

Step 5: Approval (if applicable)

• If your organisation follows a maker/checker process, the request must be approved
• The approver should: 
  1. Log in to iBusiness
  2. Go to Transactions > Pending Your Authorisations
  3. Locate the request under PDC Withdrawal (or relevant transaction type)
  4. Review and Approve or Reject the request

Note

• Requests for PDC withdrawal or deferment submitted within 48 hours of the cheque date are subject to: 
  • Bank discretion
  • Processing cut-off times

Helpful Tips

• Use filters (e.g., account number or cheque details) to quickly locate the required cheque
• Double-check the new date before confirming a deferment
• Submit requests early to avoid processing restrictions close to the cheque date
• Keep the reference number for tracking your request