Product Detail

SCB Local Collect provides collections service via SCB branches for payments by cash and all types of cheque. We deposit funds into your company's account and provide all necessary information, e.g., invoice number, customer code, cheque/cash deposit summary report and cheque status report (collection successful, payment rejected, payment and clearing suspended). This gives you all the data you need for effective account receivables management.

Highlights

24/7 service via our huge network of branches nation-wide

Unlimited post-dated cheque deposits

Deposits are credited to your account upon collection confirmation or at pre-specified date

Receive all needed cash and cheque information for each transaction

Reports can be downloaded online 24/7 via SCB Business Net
Benefits

Convenient      Save on time and cost needed to travel to nearest branch for cash and cheque deposits

Reduces risk     Reduce risk by using post-dated cheque deposits under unlimited timeframe

Efficient     Manage cash more effectively. Leverage real-time, comprehensive data.