(1) A banker may present a cheque for payment to the banker on whom the cheque is drawn by notifying the banker on whom the cheque is drawn of the essential features of the cheque by electronic means or otherwise, instead of by presenting the cheque itself.
(2) If a cheque is presented for payment under this section, presentment need not be made at the proper place or at a reasonable hour on a business day.
(3) If, before the close of business on the next business day following presentment of a cheque under this section requests the banker by whom the cheque was presented to present the cheque itself—
(a) the presentment under this section is to be disregarded; and
(b) this section does not apply in relation to the subsequent presentment of the cheque.
(4) A request under subsection (3) for the presentment of a cheque does not constitute dishonour of the cheque by non-payment.
(5) Where presentment of a cheque is made under this section, the banker who presented the cheque and the banker on whom the cheque is drawn is subject to the same duties in relation to the collection and payment of the cheque as if the cheque itself had been presented for payment.
(6) For the purposes of this section, the essential features of a cheque are—
(a) the serial number of the cheque;
(b) the code which identifies the banker on whom the cheque is drawn;
(c) the account number of the drawer of the cheque;
(d) that the amount of the cheque is entered by the drawer of the cheque;
(e) the signature of the drawer; and
(f) the date of the cheque.
(Inserted by Act 14 of 2010)