Cheques Under Collection

Cheques under collection are cheques submitted to a bank for collection whose successful payment has not yet been confirmed.

This status identifies the stage between submitting a cheque and receiving confirmation of payment or return. A cheque may be under collection whether it was originally post-dated or payable immediately. The accounting treatment depends on the entity’s recording policy and system.

Used in collection registers, treasury follow-up and reconciliation of pending cheque receipts with bank confirmations.

A cheque for AED 15,000 is delivered to the bank on Monday. Until collection is confirmed, the cheque register shows it as under collection.

Separates pending collections from completed receipts and helps identify delayed or returned cheques.