CIBC Caribbean to end GBP cheques and drafts from March 31

CIBC Caribbean has announced it will stop issuing and processing cheques and bank drafts in Great Britain Pounds (GBP) from 31 March 2026.

The bank said the decision follows its correspondent banking partner’s move to discontinue support for GBP cheques and drafts, reflecting a wider global shift towards electronic payments.

Customers holding GBP cheques or drafts are being urged to present them at any branch for encashment or deposit before the deadline.

Deepa Boucaud, the bank’s Executive Director of Personal and Business Banking, said the change brings the institution in line with international best practice as financial systems modernise. She said electronic payments offer greater security, speed and reliability than paper-based methods.

Clients are being encouraged to use the bank’s Online Banking platform or mobile app to send and receive GBP wire transfers. The bank said digital transfers provide improved tracking, enhanced security and faster settlement.

Customers not yet registered for online services can sign up via the bank’s website or download the mobile app from the Apple App Store or Google Play.

The bank said staff will provide personalised assistance to seniors and other customers who may need help transitioning to wire transfers.

It added that it remains committed to supporting clients as it expands its digital banking services.

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