![Banks will no longer accept checks with erasure/alteration effective January 4, 2016](https://i0.wp.com/philcpa.org/wp-content/uploads/2015/12/checkbook1.jpg?resize=150%2C150&ssl=1)
Banks will no longer accept checks with erasure/alteration effective January 4, 2016
Oh, yes, you read it right! Starting January 4, 2015, non-acceptance of checks with erasures, alterations, or deficiencies will be fully implemented by all banks based on Philippine Clearing House Corporation (PCHC) Memo Circular 15-460. This is pursuant to the…