Clearing foreign currency cheques can be a nuisance. It takes time and effort to deposit cheques and to monitor when you receive value. International Collection Services is an improved way to clear foreign currency cheques. It makes your foreign currency cheque deposits easier, faster and more predictable.

Convenient
Save yourself and your staff time using our newly redesigned deposit process. The pre-completed foreign currency cheque deposit slip contains all your company and account details minimising the time you spend completing forms.

Predictable
Guaranteed Collection is a new clearing service which guarantees the clearing period for your cheques. On the committed date, we will fund your account for your cheques, regardless of whether or not the cheques have cleared. By committing to the precise date when you receive value, you can better manage your cash flow. This service is currently available for USD cheques drawn on US banks. Subject to suitable credit arrangements, the Bank can also purchase your cheques through our Cheque Purchase service for immediate value on the date of deposit.

Simple to Reconcile
The credit to your account equals the face value of the cheques thereby simplifying the tracking and reconciliation. All applicable charges are debited separately and shown in your statement.