ECCU Cheque Clearing Process (ACH)

 

Current Cheque Clearing Process

  • The ECACHSI operates the Eastern Caribbean Automated Clearing House  (ECACH)  which  supports  the  clearings  of  retail  transactions  initiated  by commercial  banks  under  the  authority  of  the  ECCB
  • Requires no physical exchange of cheques
  • Net positions are settled using accounts held at the Central Bank.
  • Two low value cheque clearing settlement sessions are effected at 9:00 a.m. and 2:30 p.m. daily.
  • VIP cheques valued at XCD150,000.00 and over are cleared from 8:00 a.m. to 2:30 p.m

Structure of Clearing System

Member Territories

Clearing Banks

ANGUILLA

3

ANTIGUA AND BARBUDA

6

DOMINICA

4

GRENADA

5

MONTSERRAT

2

ST KITTS AND NEVIS

6

ST LUCIA

5

ST. VINCENT AND THE GRENADINES

4

Contact Information:

The Director
Banking and Monetary Operations Department
Eastern Caribbean Central Bank
PO Box 89
Basseterre
St. Kitts
Email:  bmod_sec@eccb-centralbank.org
Telephone: 869 465 2537 ext. 3601
Facsimile: 869 465 5614

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