Cheques are being phased out

Effective September 1, 2026

Beginning September 1, 2026, the two-year transition away from Jamaican dollar cheque negotiation will take place in phases. As the first step, cheques valued at one million Jamaican dollars (J$1,000,000) or more will no longer be accepted for processing by financial institutions. This industry-wide change is being introduced in collaboration with the Jamaica Bankers Association to support a smooth transition to secure and convenient electronic payment options.

Why does this change matter to you?

For payments of one million Jamaican dollars (J$1,000,000.00) or more, we encourage you to use our Real Time Gross Settlement (RTGS) service. Available both online and in branch, RTGS offers a secure, reliable, and efficient way to transfer funds, with the added convenience of easier transaction tracking for your records.

Phased discontinuation timeline

Cheque Transition Value Limit	Discontinuation Phase
›= 1,000,000	Phase 1 - 01 September 2026
>= 500,000	Phase 2 - 01 March 2027
>= 100,000	Phase 3 - 01 September 2027
Cheques eliminated	Phase 4 - 01 March 2028

For more information on the phased discontinuation visit www.beyondcheques.com