Sampath Bank has launched its latest product to its highest league of current account holders, the “Payment Guaranteed Cheque” facility.
At the event, held in Colombo recently, Harris Premarathna Chief Executive Officer/Executive Director and Aravinda Perera , Chief Operating Officer / Executive Director ceremonially handed over the first ‘Payment Guaranteed Cheque Book” to a set of selected current account holders including top end business leaders and entrepreneurs of the country.
“The uniqueness of this facility is, that the cheques issued by the account holders up to the maximum limit stated in the cheque, will be honoured by the bank making it as good as cash. Special security features have been incorporated to the cheque ensuring highest security,” the statement said.
This scheme allows recipients to accept the cheque without having any doubt about the payment of the cheque unless the instrument is technically not in order. Also with this facility business transactions could be carried out smoothly as there is no risk in carrying cash, it said.