E Day – 19th September 2014
E-day 19th September 2014 is the date, after which, the public sector will no longer write cheques to businesses or accept cheques from businesses. The focus of E-Day will be to encourage SMEs to migrate from cheque usage. E-Day will not directly affect consumer use of cheques, as the public sector will only discontinue writing/accepting cheques to/from businesses. The National Payments Plan targets savings of up to €1 billion per annum which can be achieved through a shift to electronic payments.
If you are a business currently being paid by, or paying, public sector bodies, you will need to check with them what alternative options will be accepted. Electronic Funds Transfer (EFT), Direct Debit and Payment Card options are among the alternatives that will be offered by impacted Government Departments and Offices, State Agencies and Local Authorities. Each of these will advise its customers on what options will be available.
If you have specific questions on E-Day please contact Aviné McNally on Tel: 01 065 1633 or email: email@example.com.