The Insufficient-funds Cheques

Dear Valued Customers,
 
Phillip Bank Plc wishes to inform you that, based on the Prakas of the National Bank of Cambodia on Credit Reporting, all the insufficient-funds cheques will be recorded into the data of Credit Bureau Cambodia (CBC). Such information will be recorded from 26 June 2020 onwards with the purpose of disclosing it to third parties.
 
Therefore, we highly encourage all the Bank’s cheque issuers (either individual or corporate) to regularly monitor their account balances before issuing cheques. In case you do not agree with the Bank’s obligation to provide the data as mentioned above, please visit one of our branches to process an account closure during banking hours by 31 January 2021.
 
Should there be no response from you by the above date, the Bank will consider that you are giving us your consent to provide such data as required by the Prakas of the National Bank of Cambodia. 

Thank you.