Citibank^® Cash and Cheque Collection

Despite the shift towards electronic forms of payment, cash and cheques continue to play a significant role in a number of key markets of the world. Recognizing this, Citi offers a comprehensive Cash and Cheque Collection Service in those countries where you still need to offer your customers the option of paying for goods and services by cash and cheque.

Citi offers a multi-channel receivables solution with more than 100,000 collection points across Europe, Africa and Middle East, at which you and your customers can make cash and cheque deposits. Citi understands the importance of not only receiving payment but of knowing that a payment has been received. As a consequence, Citi ensures relevant remittance information is captured at the point of deposit, thereby allowing you to update your accounts receivable, update your customers’ credit lines and maximize your turnover.

Benefits of the Citibank^® Cash and Cheque Collection Services include:

• Extensive coverage—supports cheque deposits wherever cheques are a common payment instrument
• Support for local payment instruments—facilitates doing business in local markets
• Multiple collection channels—offers maximum flexibility