Do your cheques meet the new CPA standards?
Now is the time to find out.
The Canadian Payments Association (CPA) announced in January 2005 new specifications for personal and business cheques.
The CPA extended the transition period by introducing a grace period for business clients that ended September 2, 2008.
- Financial Institutions recognize that some “old format” business cheques will remain in circulation
beyond this deadline and they
will continue to accept them until further notice to avoid potential disruption to customers.
- Personal clients with “old format” cheques can continue to use them until their supply is depleted.
Not sure if your cheques meet the new standard?
- The easiest way to confirm your cheques do is by reviewing the date field.
- If the date format is MMDDYYYY or DDMMYYYY or YYYYMMDD, your cheques meet the new standard
- Or speak with your sales representative to find out more.
The new Canadian standards are intended to ensure cheques can leverage all new and emerging image technologies. Cheques not meeting the new standards whether involving the date format or other aspects may not work with all new imaging features as they become available.
The new specifications at a glance.
This illustration highlights the changes mandated by the new standards:
What do you need to do?
- Find out if your accounting software is compliant with the new CPA standards for cheques.
- Once your software is CPA compliant, send us a computer printout of your cheque.
We will ensure all of the preprinted information on the cheque is correct!
- If you are using manual/handwritten cheques, we have compliant cheques available now!
View and print samples of our manual cheques.