When
no documents are attached to bill is called clean bill.
A clean bill of exchange is that the name given to a bill of exchange, either a draft or foreign cheque, that's not accompanied by documents.
Features and benefits:
Features and benefits:
Foreign cheques are often deposited directly into your account at the present exchange rate. However, the funds can only be offered once the cheque has been cleared
you'll money the cheque (subject to credit approval), this could carry additional charges.
In some cases it may take up to 8 weeks or maybe longer to clear or cash a cheque.
you'll money the cheque (subject to credit approval), this could carry additional charges.
In some cases it may take up to 8 weeks or maybe longer to clear or cash a cheque.
Qualifying Criteria:
In terms of exchange control rules you're needed to convert the cheque into rand within thirty days of receiving it.
In terms of exchange control rules you're needed to convert the cheque into rand within thirty days of receiving it.
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