Deposit Money Banks have started to notify their customers that they will phase out old cheque books and will no longer honour such by December 31 , 2020 .
They have also urged customers to request new cheque books .
One of the banks , Access Bank , disclosed this to its customers through an email on Wednesday , entitled ‘ Important updates on chequebooks and NEFT transfer. ’
In the email , it told customers, “ Please note the following important information regarding your cheque books and NEFT transfers .
“ Cheque books ; The Central Bank of Nigeria, in September 2019 , introduced a new cheque book design across all banks .
“ To this end, old cheque leaves will be phased out and no longer be honoured on presentation effective December 31 , 2020 .
“ We encourage you to request the new cheque book on or before October 31 , 2020 through any of the following channels . ”