Cheques

Commercial cheques

Commercial cheque is a written unconditional order to a bank (drawee) to pay a sum of money in favour of a legal person or a private person (payee).

Involved parties:

  1. DRAWER – the party ordering payment by cheque
  2. DRAWEE – the bank in which the drawer has an account or which is nominated to effect the payment by cheque.
  3. PAYEE – the juridical person or individual indicated by the drawer in the cheque as a beneficiary.

If You want to buy a nominative cheque issued by the CB “Moldindconbank” JSC in USD or EURO it is necessary:

  1. to address to any office of the CB “Moldindconbank” JSC;
  2. to present an act of identity;
  3. to fulfill the application of nominative cheque issue, indicating: the sum, the currency, cheque beneficiary.
  4. to pay the sum of the issued cheque and the commission charged by the Bank.

CB “Moldindconbank” JSC branches collect nominative cheques from physical and legal persons. The definitive payment of the cheque received for payment, shall be executed in an established term, necessary for the procedure of cheque collection.

For a nominative cheque collection, You have to:

  1. to address to any office of the CB “Moldindconbank” JSC;
  2. to fulfill the application of cheque collection and to present an act of identity;
  3. in case when the value of the cheque presented for collection exceed the amount of 5 000 USD or equivalent in another currency, or if the cheque seems to be suspicious, it is necessary to submit a guarantee for the nominative cheque service;
  4. to come again to the bank not earlier than 7 weeks in order withdraw the money.

All branches of JS “Moldindconbank” CB accept for collection commercial cheques, issued in favour of legal person or private person. Cashing of commercial cheques is realized within a specified period of time, depending on cashing terms of correspondent banks.

JS “Moldindconbank” CB issues by the order of legal person or private person commercial cheques in USD and EUR, which may be used for commercial and non-commercial payments.

Bank’s commission for nominative cheques operations:

0,5% - Cashing of nominative cheques

1% min 10 USD/EUR – Cash issue upon collected cheques

10 USD/10 EUR + foreign bank’s commission – Return to the customer of cheque sent to collection and unpaid (stop payment)

15 USD/EUR – Nominative cheques commercialization in USD and EUR

10 USD/EUR – Cheque annulment (unused cheques)

Additional information: 57-69-71; 87-66-09