BPI provides three manners in which the money from cheques received from abroad may be obtained:
- Purchase / Payment: immediate availability of funds, applicable to cheques issued by other banks and drawn on BPI, and traveller's cheques;
- Negotiation: the cheque is paid at a firm exchange rate by credit into the account, but subject to good payment, the Client having the right of recourse.
- Collection: BPI credits the Client's account after having collected the cheque from the drawee bank.
Reduction of time required to obtain the funds from sales in the international market.
For more information, please go to any BPI Branch or Corporate Centre or contact us.
This information is provided for advertising purposes and does not constitute a contractual offer; you must read the pre-contractual and contractual information required by law.
Contracting subject to prior approval by the entities involved and subject to the conditions defined according to the risk profile of each operation.
Banco BPI, S.A., Rua Tenente Valadim, 284, Porto, Tied Insurance Intermediary no. 207232431 (registered with the Insurance and Pension Funds Supervision Authority on 31-10-2017 - more details on the registration available at www.asf.com.pt); authorised to carry on insurance business in the Life and Non-Life Branches with the insurers BPI Vida e Pensões - Companhia de Seguros Vida, S.A., Companhia de Seguros Allianz Portugal, S.A. and COSEC - Companhia de Seguro de Créditos, S.A. Banco BPI, S.A. is not authorised to receive premiums or enter into contracts on behalf of COSEC, Allianz or BPI Vida e Pensões and, as an insurance intermediary, assumes no responsibility for the coverage of risks inherent in the insurance contract.