COMESA Centre, Ben Bella Road,

Lusaka Zambia
+260 211 234 354

+260 211 234 358


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Services

Cheque Clearing

What Is It?

Brief Description

Cheque Clearing is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.

Cheque Clearing Generations

Efficient, Reliable, Secure & Cost Effective Inter-Banking​

Cheque Truncation

Benefits

Cheque Truncation System has shortened and standardize the clearing period across the country to one clearing day (T+ 1)  meaning value to the cheque is given a day after  the cheque is deposited  and thus facilitate early access to funds by customers. Further it has reduced the scope for clearing related frauds, minimize cost of clearing cheques, reduced reconciliation problems and eliminated logistics problems.

Zambia Electronic Clearing House Limited

Electronic Funds Transfer, Cheque Image Clearing, National Financial Switch

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