GovCash will replace cheques from 2022 onwards to allow Singapore citizens to receive their benefits more quickly and conveniently.

Previously, cheque recipients would have to deposit the cheques or encash them over the bank counters. GovCash allows them to receive their benefits at the OCBC ATMs islandwide immediately at any time of the day. They are no longer restricted by the OCBC bank's operating hours. Singaporeans who prefer to seek assistance with their GovCash withdrawals can visit the ATMs located within OCBC's branches during operating hours, where OCBC Digital Ambassadors will be present to guide them. In addition, GovCash also allows recipients to use the scan-and-pay function and PayNow transfer option through the LifeSG mobile app.