When is this happening?
To give you time to make the necessary arrangements for alternative options, we’re phasing the change in as following:
After 30 November 2020 new and replacement ANZ cheque books will no longer be issued.
After 31 May 2021 cheques will no longer be accepted for deposit into your ANZ account and you will not be able to use ANZ cheques as a way to make payments into other bank accounts.
What does this change mean for you?
If you use cheques to receive or make payments, you’ll need to start using alternative options after 31 May 2021. Foreign cheques in Australian Dollars (AUD), Canadian Dollars (CAD), Great British Pounds (GBP) and United States Dollars (USD) will still be able to be deposited until further notice. No other currencies of foreign cheques are able to be deposited after 4 December 2020.
This change will mean that:
- You won’t be able to deposit a cheque into an ANZ account or use an ANZ cheque to make a deposit into other bank accounts after 31 May.
- You should deposit any existing cheques you receive prior to 31 May.
- Any cheques that you issue on or before 31 May will not be able to be deposited after 31 May.
- ANZ will stop issuing bank cheques after 31 May, however ANZ Bank cheques issued prior to this date will be honoured, subject to the usual requirements.
Why are we making this change?
We offer alternative options to receive and make payments that are faster and more secure than using cheques. As a result cheque usage has decreased significantly over the years.
Removing cheques has been a carefully considered decision, based on the changing ways our customers bank with us. We understand that it’s a big change for some of our customers and we apologise for any inconvenience.