Receivables

We Provide

• Remote Cheque Collect (RCC)
  • Scan and present collection cheques (including post dated cheques) from your office at your convenience
  • Faster and easier tracking of cash inflow
  • Comprehensive report and audit trail of scanned cheques
  • Flexible physical cheque collection option

  Click here to scan your cheques through ICCS
  Click here to view the Remote Cheque Collection User Guide

• Direct Debit Services

  The Direct Debit Service (UAEDDS) allows Corporates within the UAE to collect payments due from their customers in a more efficient and cost effective manner. This digital proposition helps clients in industries such as insurance, education, real estate and utility service providers to collect regular recurring payments timely from their customers. Enriched MIS helps customers in improving their reconciliation process as well.

  UAEDDS is mandated by UAE Central Bank to provide a more efficient and low cost channel for collecting large volume recurring payments.

• Cash collections through deposit machines

  Cash Deposit Machines (CDM) are made available across the NBF branch network for corporate customers to conveniently make deposits without having to stand in branch queues. In addition, NBF has partnered with an authorised third party service provider to offer smart cash deposit machines which will be installed at the client’s premises or preferred location for their exclusive use. This enables more flexibility and convenience as well as hassle free cash deposit solution for corporate customers who receives and collects cash at their offices.

• Post Dated Cheque (PDC) warehousing service
  • Warehouse PDCs safely and securely through any of our branches
  • Ensure timely deposits into your account upon maturity
  • Receive regular reports to simplify reconciliation
  • Withdraw a cheque or change its presentation date with our flexible service levels
• Privilege Express Courier Service
  • Make use of a secure, convenient courier service for regular collection and delivery of your cheques and documentation
  • Have cheques and documents collected from virtually any location in the country
  • Set frequency and timing to best suit your specific business needs
  • Enjoy competitive rates across all your branches and offices

  For more information, please speak to your Relationship Manager or call us on 8008NBF(623) or email CashManagement@nbf.ae.