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Irrespective of whether you have an account at Krājbanka, bank checks allow you to pay for goods and services from foreign companies quickly and conveniently.
A bank check represents a written order from Krājbanka to its correspondent bank, requesting that the sum of the check be paid out to the person who brings it in.
Purchasing bank checks at Krājbanka
This is a convenience if:
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The payer does not know the bank information of the recipient;
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The payment sum is so small that a transfer would be disadvantageous;
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The client wishes to receive payment through a check.
You can purchase a check at Krājbanka by paying money from your account or in cash. You can receive the check personally, or you can entrust Krājbanka with mailing it to the recipient.
Bank checks allow you to pay for goods and services even if you do not know the bank information of the recipients. You can buy checks in US dollars, the euro and the British pound sterling.
Cashing of commercial checks at Krājbanka
Krājbanka accepts checks from companies and banks on the basis of an encashment procedure. You must submit the check to the bank and sign it in the presence of a bank employee. The check is then sent to the issuing bank, which must approve its cashing. The check can be cashed after the actual sum is received from the issuing bank.
Krājbanka will immediately cash pension checks from the governments of the United States, Canada and the United Kingdom.
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