CLC offers customers convenience of Lanka Clear’s Common Electronic Fund Transfer System

Commercial Leasing & Finance Plc (CLC) takes another step in the journey towards providing optimal customer convenience and satisfaction. Banding together with Lanka Clear’s Common Electronic Fund Transfer System (CEFTS), CLC now provides a real-time retail interbank electronic fund transfer facility for its savings accountholders. CLC is one of the first non-banking financial institutions to register for CEFTS. 

This facility can be used by CLC’s customers for the purpose of transferring funds, settling bills, making utility payments, etc. and these paperless transfers can be made instantaneously at any given time from the comfort of your own home or workplace free of charge. 

CEFTS is a highly secure payment system provided by Lanka Clear Ltd. along with the guidance of the Central Bank of Sri Lanka. 

Moreover, transactions can be made 24 hours a day, seven days a week and 365 days a year without the inconvenience of bank holidays and non-working hours. One transaction allows the customer to access up to 5 million and there is no limitation on the number of daily transactions. 

If the transaction has to be made to another bank through CLC, customers simply have to make a request and provide their account number. Along with CLC, Commercial Bank, Hatton National Bank, People’s Bank, Bank of Ceylon, NDB and LOLC Finance have already registered with CEFTS and offer the facility.

CLC’s Savings and Deposit Unit has come a long way since commencing operations in 2012. A CLC Savings Account offers competitive interest rates. It is equipped with ATM facilities with an internationally accessible Visa Debit card that also allows free of charge cash withdrawals through the HNB ATM network and acts as a personal shopping card. It also offers online facilities, a SLIPS (Sri Lanka Interbank Payment System) facility and SMS alerts with no additional cost. And now, through the CEFTS facility, CLC adds more value to the Savings Accounts. 

Chief Manager of the Savings and Business Unit of CLC, Terence Kaushalya elaborated on the process adding that when a customer remitted their pay to the CLC Savings Account through the SLIPS or CEFT facility they will receive an SMS alert notifying them that the money has been credited to their account and that “they can then withdraw cash using the CLC ATM/Debit card at any VISA-enabled ATM machine island-wide or use it directly for shopping, making utility bill payments etc. as they wish”.

Terence also pointed out that CLC Savings Accountholders who remit their monthly salary to CLC Savings Account or save regularly will even receive preferential interest rates for personal loans and leases.

CLC not only offers general Savings Accounts but also offers specialised accounts for senior citizens and children. Moreover, Fixed Deposits are also available with flexible tenure ranging from 1-60 months and 90% of the FD value can be obtained as a loan with minimum documentation. 

Commercial Leasing & Finance Plc (CLC) is one of the largest non-banking financial institutions in Sri Lanka and has 27 years of experience in the industry. 

Boasting an impressive portfolio of products such as Savings & Fixed Deposits, Leasing, Factoring, Loans, and ‘Flexi Cash’, CLC is always pushing the limits of financial services to provide more opportunities and convenience for its wide range of customers. 

It is a company with an ICRA (A-) rating with a foot print of 59 branches island-wide.