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Effective March 1, 2012, all Great Britain Pound (GBP) check transactions will be subject to a clearing charge of GBP 3.00 per check in addition to the existing service fees/charges while GBP 10.00 surcharge per check will be imposed on returned checks. Please be guided accordingly.
Checks with insufficient funds shall be dishonored and returned to the presenting bank not later than 7:30 AM of the next banking day starting January 3, 2011 pursuant to BSP Circular No. 681.