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) enables businesses in the UAE to efficiently collect payments from customers, benefiting industries like insurance, education, real estate, and utility services. This digital solution improves the timely collection of recurring payments and enhances reconciliation processes through enriched Management Information Systems (MIS).

  Mandated by the UAE Central Bank, UAEDDS offers a cost-effective channel for managing large volumes of 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.