We discount cheques deposited by our existing customers drawn on reputable organizations and confirmed with the drawers and or the drawer’s bank. The discounting is with recourse to the customer.
Discounting of cheques enables our customers to access cash for their business needs while they await for the cheques to clear.
A cheque is discounted to the maximum of 80%.
- Cheques must be drawn on reputable institutions with no record of past unpaid cheques from the drawer
- Customer must have received cheques from the same drawer before
- The account must be reasonably active for at least six months
- Personal cheques, related entity cheques and foreign currency cheques do not qualify for discounting