Home / Financial Services/ Seylan Bank pioneers extended cheque clearing service in SL

Seylan Bank pioneers extended cheque clearing service in SL


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 11 September 2019 00:00


 


In response to the demands of integrated banking services, Seylan Bank has introduced an extended cheque clearing service for the first time in Sri Lanka. This service will enable Seylan customers to

Seylan Bank PLC Operations DGM Malik Wickramanayake 

deposit cheques after the scheduled cut off time and have the funds credited the very next day. 

A pleasant customer experience and convenience are of high importance to Seylan. Taking these aspects and the highest average daily footfall into consideration, Seylan Bank has taken measures to implement this service initially at the Galle, Kandy, Kiribathgoda, Kurunegala, Matara, Nugegoda, Panadura, Pettah, Wennappuwa, Wellawatta, and Millennium branches. Team Seylan is ready to expand this service islandwide in the near future.

Speaking about the new initiative, Seylan Bank Operations Deputy General Manager Malik Wickramanayake said: “In today’s fast-paced economy, convenience is of utmost importance, and the current practice enforced by all commercial banks in Sri Lanka limits cheque clearances after 3.00 p.m on weekdays. The only option available for customers who receive cheques after 3.00 p.m is to deposit the same for next day clearance and await an additional day to receive the funds. Weekends and holidays can further extend this process, making it an inconvenient experience for customers awaiting funds. This restriction also creates a strain on the cash flow, especially for small and medium scale business owners whose financial transactions are more often done via cheques. With the new service extension, Seylan Bank customers will be able to deposit cheques between 4.00-6.00 p.m on weekdays at the designated branches and get their funds credited the next day. This value addition will come at a nominal fee.”

As the bank with a heart, Seylan Bank is committed to honouring customer satisfaction, experience and convenience and pledges to continue to upgrading and implementing services which guarantee customer satisfaction. For more information, customers are requested that they contact their branch manager or relationship manager.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

The Monetary Board should weed out dishonest officers to save its reputation

Monday, 17 February 2020

Asani: Since the loss calculations are defective and auditors have not been fully conversant with the Monetary Board’s role in EPF, shouldn’t we dismiss all the reports, Grandpa? Sarath Mahatthaya: It’s not like that. Though they’ve been weak


COVID-19 – The dark side of global supply chains

Monday, 17 February 2020

The coronavirus, now known as COVID-19, outbreak in China has slowly but steadily rattled the global economy, disrupting virtually every major industry, from food, fashion, pharmaceuticals, entertainment to automobiles and technology. The first casu


Covid-19 and its effect on the airline industry

Monday, 17 February 2020

The effects of the Coronavirus, now named Covid-19 by the World Health Organization (WHO), has already had a numbing effect on the airline industry. Sadly, it appears that the worst is yet to come. SARS in 2002 Readers who remember the Severe Acute


Coronavirus epidemic and China’s slowdown: Economic impact on Sri Lanka

Monday, 17 February 2020

On 28 January 2020, the World Health Organization (WHO) declared the outbreak of the novel coronavirus (2019-nCoV) a global emergency. The new virus emerged in Wuhan, the capital of Hubei Province in China but has now spread to at least 27 other coun


Columnists More