Cheques for collection

We arrange the collection of checks payable in all domestic and foreign banks.

We accept checks
in any currency

Payment on
KB accounts

We collect any cheque type – bank, private, traveller’s, and other cheques.

This service is available for individuals, legal entities, or municipalities

Most commonly used cheque currencies: USD, GBP, CAD, EUR, and AUD

How to get this product?

By phone

Leave it all up to us. Leave your contact information – we will call you back.

At a branch

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USEFUL INFORMATION

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
  • 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

The cheque must be submitted at least 7 business days prior to the expiry of the cheque validity period. The validity can be restricted by a clause (for example, saying “valid for 180 days”)

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), cheque collection process is shorter
  • 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
  • Optional cheque delivery to foreign bank via DHL (at your own expense)
  • Original cheque with
    • All requirements foreseen by law
    • Valid cheque collection date
  • Cheque Collection Order
  • Valid identity document

Documents to download:

Cheque collection order (PDF, 85,8 kB)