CBA phases out cheques for business customers

Commonwealth Bank has written to its business customers, advising them of plans to start limiting access to cheques.

For any business accounts opened after June 3, cheques will not be available.

If a cheque book was not issued for an account opened before June 3, cheque access will not be available after June 3.

From June 3, replacement cheque books will no longer be issued automatically. To obtain a new cheque book, business customers will have to contact the bank.