Debit instruments

Checks, promissory notes and bills of exchange are debit instruments. BCR ensures both the remittance of debit instruments submitted for collection in its branches, as well as the issuing of debit instruments to its customers.

  • Verification of payment incidents: any payment incident associated with a debit instrument issued by a payer is recorded into the Payment Incidents Registers (CIP). When starting a commercial relationship, beneficiaries may request that the bank checks the CIP for payment incidents associated with a payer, allowing for an adequate calibration of the risk relating to the acceptance of such instruments in place of advance collections by the beneficiary
  • Extended network: through its extended network of branches, BCR allows for a quick deposition of debit instruments for collection, thus facilitating the speedy collection of the amounts
  • Reporting: BCR informs you, through its electronic and Internet banking solutions, on debit instruments submitted for collection and their status (accepted, partially refused or fully refused for payment).
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Description

Checks, promissory notes and bills of exchange are some of the oldest payment instruments not involving cash.

Their use is regulated by law, being one of the most strictly regulated payment instruments available on the market.

Their clearance is performed, currently, either within a bank (when the payer and the beneficiary have accounts at the same bank) or through the Transfond clearance house.

Starting with 2nd of May 2018 BCR ceases to accept cheques in foreign currencies deposited for collection.

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