E-day is Today

Today is E-day, the date from which central Government, local authorities and State agencies stop issuing and accepting cheques from businesses.

The particular focus of e-day is to encourage SMEs to migrate from cheque usage as they are either issuers or receivers of more than 60% of all cheques in Ireland.  A shift from cheques to electronic as a preferred method of payment will result in reduced costs and improved cash-flow for the overall business sector.

The NPP, National Payments Plan, estimates that savings of up to €1 billion per year can be made if Ireland were to match best practice in Europe by migrating away from cheques and cash in favour of electronic payments.