People with foreign checks drawn in the United States no longer have to wait for 15 days up to a month to get their funds.
The Philippine National Bank (PNB) is implementing a 14-day clearing period for checks coming from the US.
Depositors of the Tan-owned bank can deposit the US dollar denominated check right away into their dollar account.
The deposit, however, must be made at the client’s PNB branch of account.
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