Sampath pioneers ‘Payment Guaranteed Cheque’ in Sri Lanka

Friday, 10 December 2010 00:01 - - {{hitsCtrl.values.hits}}

In a trailblazing move Sampath Bank has launched its latest product, to their highest league of current account holders ‘Payment Guaranteed Cheque’ facility, signifying the highest level of confidence that they share with a selected group of their most respected customers.

At the event, held at CASA Colombo on Wednesday evening, Chief Executive Officer/Executive Director Harris Premarathna and Chief Operating Officer/Executive Director Aravinda Perera ceremonially handed over the first-ever ‘Payment Guaranteed Cheque Book’ to the first set of selected current account holders, including top end business leaders and entrepreneurs of the country.

The uniqueness of this facility is that the cheques issued by the account holders up to the maximum limit stated in the cheque will be honoured by the bank, making it as good as cash. Special security features have been incorporated to the cheque ensuring highest security.

This scheme allows recipients to accept the cheque without having any doubt about the payment of the cheque unless the instrument is technically not in order. Also with this facility business transactions could be carried out smoothly as there is no risk in carrying cash.

This select batch of customers is the first to receive this unique payment guaranteed cheque book and the bank has already identified the next batch of customers in this segment. Further, in time to come bank intends to extend this facility to cover all the geographical areas in the country.

As the growing force in Sri Lankan financial service, Sampath Bank has always been dedicated in promoting innovation and value for their customers, and this latest product reiterates their commitment to excellence in servicing the customer-thereby nurturing mutually benefiting and longstanding banking relationships.

Receiving the title of ‘Bank of the Year’ for the second consecutive time this year is further testament to the bank’s commitment to maintaining and providing the highest possible standards in modern banking. By delivering innovative and cutting edge banking and financial solutions such as these, today, Sampath Bank is undoubtedly an icon in minds of high valued personal and institutional customers and is confident in creating a new paradigm in banking industry within a very short period of time.