Bank checks
Bank checks on foreigners
Checks issued on the Bank itself in any quoted foreign currency and drawn on correspondent banks.
Characteristics
Target market
Individuals, Companies and/or Individual Entrepreneurs with the need to make international payments.
Deadline
Valid for 6 months. They can be replaced in case of expiry.
Benefits
- Ease of negotiation (bank negotiation is easier than in the case of a personal check);
- Savings in commissions and bank expenses when compared to other forms of payment;
- It is a highly guaranteed instrument;
- Possibility of replacement in case of expiry.