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Cheque Guarantee Card Scheme Closure

The Cheque Guarantee Card Scheme in the Republic of Ireland is being closed on December 31st 2011. This decision was made based on the fact that cheque usage in Ireland has been declining rapidly, as more and more people choose to make their payments electronically and only a tiny percentage of cheques are written in conjunction with a valid cheque guarantee card.

Cheques written and accepted after December 31st will not be covered by the Scheme Guarantee. The Irish Payment Services Organisation (IPSO) has produced a short guide which contains information relating to the closure of the Scheme and addresses key questions.

Further information is available by clicking here.