Union Bank offers same day cheque clearance

Union Bank continues to offer innovative banking solutions supported by state-of-the-art systems and product innovation. Union Bank is the only bank in Sri Lanka to offer one day cheque clearance for cheques deposited upto 4 pm, Union Bank Operations Assistant Vice President Ned Gomez said.

Taking advantage of evolving technology, implementing image cheque clearing and archive system provides Union Bank a higher level of efficiency to provide customers faster clearance.

Funds are made available to all cheque bearers' accounts within one day (T+01) regardless of clearing zones. This leads to more efficient circulation of money in our financial and economic systems, and eliminates opportunity cost of having to wait for the clearing process of cheques from different clearing zones. Adding value to the Banks pledge to deliver superior customer service all branches of Union Bank accepts cheques up to 4.00 pm.