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Waiting for your
cheque to clear?Boost your liquidity with our cash
offering, while you wait.

What is Cheque Discounting?

Instant liquidity by advancing funds against uncleared cheques from reputable institutions.

Features

  • Access cash before cheque clearance
  • Suitable for SME’S paid by institutions
  • Fast turnaround for urgent cash needs
How does it work?
  • Appraisal and pre-approval in the prescribed template
  • The drawer of the cheque must be a reputable institution with no past records of unpaid cheques
  • The account must be reasonably active for at least three months
  • Personal cheques, related entity cheques and foreign currency cheques do not qualify for discounts
  • Evidence of the source of payment
  • Three cleared cheques from that institution
  • The cheque must have been received and met clearing requirements

Want to know more about Cheque Discounting?

If you want to know more, we've put together some frequently asked questions for you.

    All active account holders who have held an account for at least 3 months. 

    • Normal KYC before a transaction
    • Call back to the drawer
    • A cheque is discounted to the maximum of 50%

    The interest is 3% of the amount discounted deducted automatically upfront.