A cheque is a negotiable payment instrument instructing a financial institution i.e. a bank to pay a specific amount (of a specified currency) from a specified account of the Bank client who issued the cheque.
The Bank pays out the cheques issued by pension funds exclusively, and the maximum amount to be paid is EUR 800.
The Bank can pay cheques "drawn" only to the following countries:
- The Netherlands
This product is intended for clients who wish to collect the presented checks issued by foreign pension funds. CKB is not issuing cheques.
- Efficient way to collect receivables