Cheque Outsourcing Service (COS)

Issuing cheques locally and across the world can be labour intensive, time-consuming and expensive – particularly when dealing with multiple currencies

Our Cheque Outsourcing Service (COS) enables you to outsource your local and foreign currency cheque payment production and issuance to HSBC. You can use COS to instruct HSBC to print following payment instruments on your behalf.

• Company Cheques
• Cashier’s Orders (Banker’s Cheques)
• Demand Drafts

COS delivers:

• Cheque items printed with your company’s logo
• Customised payment advices with extended remittance information
• An online ‘stop-cheque’ service subject to local regulations
• Automated accounts payable reconciliation
• Comprehensive online enquiry capabilities

With the signature printing capability of COS, senior executives are spared the onerous time-consuming task of having to sign every single item.