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Capital City Savings was one of the first financial institutions in Alberta to offer cheque imaging services to member-owners. Imaging technology enables you to view your cleared cheques on-line through Net Banking, decreases the bulkiness of your monthly statement and allows our staff to track cheques for you much faster.
In 2007, all financial institutions will switch to cheque imaging and as a result new cheque standards have been introduced.
Any personal cheques ordered from Capital City Savings since November 1, 2005 are compliant with the new standards.
Any older cheques, self-printed cheques or cheques ordered from another supplier may not be compliant and therefore risk delayed processing and extra fees after June 30, 2007.
A typical cheque which meets the new standards is shown here. The numeric date field, is the most noticeable change from previous cheques. The date field can be in any of these configurations:
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yyyymmdd
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mmddyyyy
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ddmmyyyy
To ensure compliance by June 30, 2007 we encourage you to order your cheques through Capital City Savings or check with your supplier. You may also consider ordering cheques in smaller quantities so fewer need to be replaced if a change is necessary.
Capital City Savings is providing you with plenty of notice so you have time to replace your cheques before June 30, 2007.
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