IRD and RCA

Under the new cheque clearing and truncation system to be implemented tentatively end May 2008, you will not receive the original physical cheque returned by the paying bank.

Instead, either an 'Inward Return Document (IRD)' with a return reason that allows re-depositing or a 'Return Cheque Advice (RCA)' which cannot be re-deposited will be issued. If you receive a RCA, you will need to request the cheque issuer to issue you a replacement cheque. 

• Inward Return Document (IRD) – Cheque return reasons that ALLOWS    re-depositing	• Return Cheque Advice (RCA) – Cheque return reasons that CANNOT be    re-deposited
- Refer to Drawer - Exceeded Arrangement - Effects Not Cleared - Not Arranged For - Post Dated	- Signature different from mandate - Irregularly drawn - Date required - Payee name required - Altered cheque - and etc.