CIBC joins banks to cease isssuing, accepting $1-million cheques
Business
Finance
July 16, 2026
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KINGSTON, JamaicaâCIBC Caribbean Bank will stop issuing and accepting cheques valued at $1 million or more in Jamaica from September 1 as the banking sector begins the phased elimination of cheques.
The restriction will include managerâs cheques, the bank told customers in a notice.
CIBC is encouraging customers making transactions at or above the threshold to use the Real Time Gross Settlement system through its online banking platform or mobile application.
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