We discount cheques deposited by our existing customers drawn on reputable organisations and confirmed with the drawers and/or the drawer’s bank. The discounting is with recourse to the customer. Cheque discounting enables you to access cash for your business requirements while you await for your cheque(s) to clear.
Cheques are discounted to a 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