NEWS AND UPDATES


NEW CHECK FORMAT

27 January 2023

The Philippine Clearing House Corporation (PCHC), in its Memo Circular no. 3738 dated 17 January 2023 will implement the new check design standards and specifications.

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1 August 2023

NOTICE OF MERGER (CAMALIG
BANK and MRBN)

Notice is hereby given to the creditors and depositors of the Camalig Bank, Inc. (A Rural Bank) or CAMALIG BANK and Municipal Rural Bank of Nabua (Camarines Sur), Inc. or MRBN that the merger by the two banks, with CAMALIG BANK as the surviving entity, have been approved in accordance with the Plan of Merger and Articles of Merger, by the following: (a) Board of Directors and shareholders of CAMALIG BANK and MRBN; (b) Monetary Board of the Bangko Sentral ng Pilipinas in its Resolution No. 990 dated 27 July 2023, as consented by the Philippine Deposit Insurance Corporation and Philippine Competition Commission; and the (c) Securities and Exchange Commission.

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6 May 2024

TERMS AND CONDITIONS

 Important Announcement: Changes to Camalig Bank’s Terms and Conditions

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5 December 2024

REMINDER ON CHECKS ACCEPTABLE
FOR DEPOSIT/ CLEARING

Please be reminded of the following pursuant to PCHC Memo Circular No. 3821 which shall take effect starting 1 July 2025

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Starting July 1, 2025, checks with improper formatting will no longer be accepted for clearing under the Check Image Clearing System (CICS).

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To comply with Bangko Sentral ng Pilipinas (BSP) Circular No. 1218, Series of 2025, we will be implementing new requirements for large-value cash withdrawals starting 7 October 2025.

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1 July 2025

IMPORTANT ADVISORY ON CHECK ISSUANCE

9 October 2025

NEW BSP RULE ON LARGE-VALUE CASH TRANSACTIONS