With effect from 30 June 2021, please be advised that Citibank Singapore Limited will cease the issuance of foreign currency demand drafts. The cessation of foreign currency demand drafts comes as a decision to phase out checks in an industry-wide effort. In recent years, foreign currency demand draft usage has declined and demand for payments via digital and online services has increased.
Kindly note that all foreign currency demand drafts issued prior to 30 June 2021 can continue to be presented for payment subject to their respective validity periods. For more details regarding the validity period of your foreign currency demand draft, please refer to the table below.
We would like to assure you that payments in foreign currencies can continue to be made conveniently via Telegraphic Transfers through all platforms (i.e. Citibank Online, CitiBusiness Online, Citi Mobile®App, or at Citi branches).
To learn more about how to perform a Telegraphic Transfer online, please click here.
Demand Draft Validity Period
|Country||Payment Currency Code||Issue location||Demand Draft Validity Period from Date of Issuance|
|Switzerland||CHF||Present within 6 months. For presentation beyond 6 months, subjected to the receiving bank’s cheque clearing process.|
|France||EUR||If issued outside Europe||70 Days|
|Switzerland||EUR||If issued outside Europe||70 Days|
|Portugal||EUR||All EUR Portugal cheques are evergreen.|
|Spain||EUR||If issued outside Europe||60 Days|
|Germany||EUR||If issued outside Europe||70 Days|
|Italy||EUR||If issued in a different country from the country where the check is payable and the two countries are in different continents||60 Days|
|Hong Kong||HKD||6 Months|
|Japan||JPY||If issued in Asia||60 Days|
|Norway||NOK||Present within 6 months. For presentation beyond 6 months, subjected to the receiving bank’s cheque clearing process.|
|United Kingdom||GBP||6 Months|
|United States of America||USD||6 Months|
To contact us
You can reach us at citibank.com.sg/contact.