• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Citi bins cheque books

29 March 2022 6:00AM

Citi Australia confirmed yesterday that it will stop issuing cheque books next month as customers flock to digital ways of paying.

Citi last week wrote to customers with global currency accounts notifying them of the move to bin cheque books, but a spokesperson confirmed that that the change would apply to all retail accountholders.

“Today Citi customers have a number of faster and more secure ways to pay than via cheques,” the spokesperson said.

“As a result of this evolution, Citi will cease to issue new cheque books for its consumer transaction accounts after April 24.

“Customers can make payments into accounts through Citi’s digital and telephone support channels; however, if a cheque is required, bank cheques can be issued on request.” 

The spokesperson said the change would not impact cheque deposits into Citi accounts.

Customers will be able to deposit cheques through Australia Post, NAB branches or by posting to Citi.

The abolition of cheque accounts at Citi follows the decision by National Australia Bank in January to discontinue processing cheques drawn on credit union accounts.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use