Agribank provides final payment for cheque issued by a foreign correspondent bank of Agribank that appoints Agribank the drawee bank whereby Agribank pays for the cheque by the order of the account holder at that bank or the person in whose favour the cheque is issued.
Benefits
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Checks
can be sent directly from foreign banks, Agribank will acknowledge account
automatically and notify the customer, or advise customer to go to the branch
at the customer’s most convenience to do bank procedures. Customer can easily
get money without having to spend much time traveling.
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Where
the cheque is sent directly to the payee, the payee can present the cheque for
payment at Agribank.
How to apply
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Customer
complete the “Cheque payment request” form
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Fees
and charges apply according to current Agribank Schedule of Fees and Charges
Delivery channels
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Branches/transaction
offices, ATM’s of Agribank nationwide or automated channels (E-banking)
Technology applied
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Agribank
uses automated system (IPCAS) to track customer information, accounts, amounts
of interest payment, etc. with the highest security and accuracy.