Trade Finance

USD Cheque Collections

UOBT provide service for USD cheque collection, this is a reflection of our banks’ on-going efforts to provide better service to our customers and set higher standards for performance. Description Benefits Contact

Description

	USD Currency cheque drawn on Bank in U.S.A. only
	General Customer who maintain account with UOBT more than 6 months
	Amount of Cheque : USD1.- to USD10,000.-
	UOBT up front fee USD10.- per cheque
	Foreign Bank Charges : USD10.- per cheque (deduct before credit fund to customer's account.)
	For cheque return, upon receipt message from our correspondent bank, UOBT will debit customer's account by using selling counter exchange rate equivalent.

Benefits

UOBT can credit fund to customer 's account within 4 banking business days
(start from date that UOBT send cheque to Correspondent Bank).

Pls note that the above is not applicable for

	Cheque amount over USD10,000.-
	USD cheque drawn outside USA
	Customer maintain account with UOBT less than 6 months
	Non UOBT customer.