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Extended Cheque Clearing service

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Introduction

Running a business is a challenge and not as easy as one would think. Apart from the day-to-day running issues, collecting the dues from the debtors is a challenge by itself. On top of that you’d need to worry about the bank’s cutoff time for accepting Cheques for clearance. (Standard Cheque Clearing cut-off time: 4.00pm)

Seylan bank having understood your concerns is introducing a novel solution. Another First in Sri Lanka’s banking industry, The Extended Cheque Clearing Service.

What Seylan bank offers

Extended Cheque Clearing Service from 4pm-6pm

Other Banks- Normal Service Time
Outward Cheque deposited on or before the cutoff time Credited after 2:30pm Next day (24 hrs.)
Outward Cheques Deposited after the cut off time Credited the following day (48 hrs.)
Seylan Bank- Extended Service Time
Outward Cheque deposited on or before the cutoff time Credited By 2:30pm Next day (24 hrs.)
Outward Cheque Deposited after the cut off time

Advantages in Choosing Seylan bank.

  • Even If the regular cut-off time is missed, the Cheque would still be realized within the next working day.
  • With “Seylan Extended Cheque Clearing”, collections are done on time, so the Payments are made in time, even if the regular Cheque clearing hours are missed.
  • Any Cheque for clearing could be accepted irrespective of the account holding branch.
  • Unmatched Superior Service.

Branches providing the service for your convenience.

  • Galle Branch
  • Kandy Branch
  • Kiribathgoda Branch
  • Kurunegala Branch
  • Matara Branch
  • Millennium Branch
  • Nugegoda Branch
  • Panadura Branch
  • Pettah Branch
  • Wennappuwa Branch
  • Wellawatta Branch

Special condition

This service is offered only for other bank Cheques and SBK Cheques will not be considered under this facility.

Processing Fees and other charges

An Additional charge of 0.1% per transaction or a minimum of LKR 500/- will be charged from the client


Open a Seylan bank Business current account today and enjoy the extended Cheque clearing service.