The cheques collection process will be ensured by any KB branch.
Collect your cheque at any branch with cash operations in the given currency.
We will pay the relevant amount to any KB account – in any currency.
Individuals and legal entities, business and municipalities – whether or not they are KB clients
You will need an original copy of the cheque, filled out Collection order and one document providing your identity.
In case a cheque amount is to be paid to an account with another bank, present a copy of an account statement.
Individuals, who are not KB clients and represent a company, must present a document authorizing them to act on behalf of the given company (no more than 3 months old).
About Cheques for Collection
Komerční banka accepts cheques for collection payable with any global bank that cannot be paid immediately after their presentation, handling their collection process for you. This usually concerns:
- Private (corporate) cheques
- Bank cheques where drawer’s signature cannot be verified or other conditions are not met
- Traveller’s cheque with a defect
- Cheques presented as part of inheritance
- Other cheques
- Cheques presented for collection are normally settled after the receipt of payment from another bank; however, not before the 16th business day after they are presented for collection
- In case of limited validity (e.g. “valid for 180 days”), cheques must be presented no less than 7 days prior to the deadline expiration
- Issue date is shown on a cheque; standard presentation deadline usually does not exceed 6 to 12 months from issue date. Older cheques may also be accepted for nonbinding collection; however, the probability of settlementis low
- In case KB is informed by a foreign/domestic bank that a cheque is not honoured by drawee, KB shall notify the client and cancels any payment already made (if any)
- All bank expenses are charged to cheque bearer
You might also like to know
- We advise you to verify all cheque requirements prior to accepting it from your business partner
- Consult the cheque collection terms, specified on the reverse of the Cheque Collection Order, before presenting a cheque for collection
- Bank cheque – highest likelihood of settlement
It is advised to accept cheques in national currency of a country, in which it is payable (e.g. German partner should issue a cheque in euros, not in CZK or other currencies), namely for the following reasons:
- Cheque collection process is shorter
- Usually not associated with any foreign bank fees
Most commonly used cheque currencies: USD, GBP, CAD, EUR, and AUD
- Cheques issued in these currencies are sent for collection under CLS (Cash Letter Service) – under a contract signed between KB and a bank in a country, where the given currency is a national currency
- For cheques issued in EUR, CLS only applies to cheques payable in the euro area
- In practice, this means that cheques will be paid to you without foreign bank charges
- Optional cheque delivery to foreign bank via DHL (at your own expense)
Important information for you
Mandatory cheque collection requirements
Original cheque with
- All requirements foreseen by law
- Valid cheque collection date
- Cheque Collection Order
- Valid identity document
- Authorization to act on behalf of the given company (no more than 3 months old) – for cheques issued for the benefit of individual entrepreneurs and legal entities that are not KB clients
- Copy of an account statement – in case a cheque amount is to be paid to an account with another bank
- Original cheque with