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Dáil Éireann debate -
Thursday, 4 Jun 1970

Vol. 247 No. 4

Ceisteanna—Questions. Oral Answers. - Cheque Validity Period.

10.

asked the Minister for Finance if he will extend the period of validity of a cheque beyond the present period as a result of the bank strike.

The period of validity of cheques is governed by established banking practice and I have no statutory function in the matter. Any change should be arranged between the banks and their customers. As regards Government payable orders, I am arranging to have the period of validity extended beyond the usual three months to take account of the period of bank closure.

For how long? When are they being extended——

Arrangements are being made at the moment.

For how long?

In the near future.

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