Check-discontinuation

Discontinuation of Local Checks

On November 1st, 2017, ABA (Aruba Banker’s Association) will announce that all local banks will transition into a “Check-Free” system. The paperless Checkout initiative will be introduced to minimize risks to the customer and the bank. Aruba Bank will guide all customers through the process into a more digital banking method.

Please note the Checkout initiative will specifically discontinue the use of personal checkbooks. International and local banker checks (or cashier / official checks) will still be available for the customers. 

• Aruba Bank N.V. will implement this adaptation for all Retail checkbook holders. Retail customers will be provided a six (6) month transition period to be able to finish their check stock. Any unused checkbooks will be refunded at the end of the six (6) month period. ( after April 30, 2018)

• Aruba Bank N.V. will also implement this adaptation for all Corporate customers using checkbooks. Corporate customers will be provided a twelve (12) month transition period to be able to finish their check stock. Any unused checkbooks will be refunded at the end of the twelve (12) month period. ( after October 31, 2018)

 

 

Check Usage for Retail  Alternative Payment Options
 Large sum payments

(e.g. for construction)

 1. Increase the ATM limit 
2. Perform an online/manual transfer 
3. Cashier’s Check
 3rd party payments  1. Perform an online/manual transfer 
 Bill Payments

1. Online Banking
2. Standing Order

3. Smart Deposit Machine

 

Check usage for Corporate Alternative Payment Options 
 Vendor Payments 1. Perform an online/manual transfer
2. Use the Corporate ATM Card
 Payroll 1. Open a salary account for the employees
2. Offer employees a pre-paid card (a new product that will be made available for the non-account holders)
 Large sum payments 1. Increase the ATM limit 
2. Perform an online/manual transfer 
3. Cashier’s check
 3rd party payments 1. Perform an online/ manual transfer
 Corporate clients issuing own checks 1. Perform an online/ manual transfer

 

Our Account managers and our Call Center Agents are here to support you. We encourage you to contact them in case you have any questions via (297) 527 7700 during business hours.

 

 

 

 1. Perform an online/manual transfer
 1. Perform an online/manual transfer

Latest News

G4N2018-Winners

Good4theNeighborhood – Building Entrepreneurs 2018

Read more
FIFA Sponsoring

Aruba Bank Signs Agreement 2018 with Tele Aruba

Read more
Olympic Day 2018

Olympic Day 2018

Read more

loading...