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2025

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Home » Other Services » Bankers Cheque

Bankers Cheque

A Banker's Cheque is a cheque issued by the Bank payable to the order of specified payee for payment within a local area.

Features and Benefits:

1-All Banker's Cheques are pre-printed with the crossing "NOT NEGOTIABLE".

2-To be issued for use only within the clearing area of the issuing Bank and if cleared outside the clearing area then the normal outstation cheque commission is payable.

3-Should be accepted as good by the payee as it has been paid for by the customer at time of issue. It cannot be returned except for technical reasons.

4-To be used by customers who do not have a current account but wish to make payments by cheques, or in situations when a personal cheque is unacceptable.