Immediate Payout of Cheques Made out in a Foreign Currency

• Related Products

Characteristics of the service:

• Komerční banka cashes certain cheques for its clients and other cheque holders immediately on presentation
• the following criteria are decisive for cashing of the cheque:
  • the quality of the cheque
  • the KB terms and conditions for cashing foreign cheques
• KB immediately cashes the following types of cheques for all parties who present them:
  • traveller's cheques
  • bank cheques issued by KB
  • bank cheques payable at KB
• KB pays clients the following into their accounts:
  • bank cheques (subject to verification of the signature on the cheque)
  • money order type cheques
  • social welfare cheques
  • cheques presented by clients who have a contract on payment of foreign currency cheques presented for collection
• the following condition applies for immediate cashing of the above-mentioned cheques:
  • when paid into a KB account, the value of the cheque must not exceed USD 20,000 or the equivalent in foreign currency
  • when paid out in cash, the value of the cheque must not exceed USD 10,000 or the equivalent in foreign currency
  • in the case of higher amounts, the bank offers the client acceptance of the cheque for redemption
  • in the case of bank cheques issued by KB and bank cheques payable in KB, these limiting conditions do not apply
• non-bank entities and non-bank bureaux de change, which hold an account in KB, can conclude a contract on transfer of traveller's cheques with KB
• conditions for cashing of cheques:
  • traveller's cheques, bank cheques and other cheques are cashed immediately for all existing KB clients and others who present cheques for payment after they prove legitimate ownership
  • on cashing of cheques, the owner must:
    • present a valid ID card
    • Czech citizens: personal ID card
    • foreigners: passport or residency permit

Advantages of Immediate Payout of Cheques Drawn Up in a Foreign Currency:

• fast access to funds
• no risk compared to transportation of funds in cash

The service allows you to:

• cash a cheque immediately once all requirements are met

How to get the service?

• contact your relationship manager
• call the free KB Info line on 800 521 521

Related Products

• KB Bank Cheques
• American Express Traveller's Cheques
• Immediate Payout of Bank Cheques of other Domestic Banks Drawn up in CZK
• Immediate Payout of Checks from Other Banks to the Debit of Loro Accounts Held with KB
• KB Private Cheques
• Cheques for Collection