You can receive payments in cheques for certain types of cheques and only by visiting a Standard Chartered bank branch.
Do note there are 2 types of cheques
1) Bearer cheques and 2) Account Payee Only cheques.
1) A Bearer cheque, as its name implies, is a cheque where the original name written on it doesn’t matter.
The way it works is that the cheque is presented at a Standard Chartered branch and the bank teller is instructed of the Neat Business Account number (typically by writing it at the back of the cheque). The cheque should clear within 1 business day.
2) We cannot accept account payee only cheques.
You can recognise an Account Payee Only cheque when either:
i) “Account Payee Only” is printed on the cheque
ii) The words “OR BEARER” are crossed
iii) There are 2 lines drawn on the cheque, typically diagonally on the top left hand corner of the cheque or vertically in the middle
Please note that online / wire transfers can of course be made to you in your company's name and we encourage you to ask your clients to pay you through transfer.