18 March 2021

Implementation of Bahrain Cheque Truncation System (BCTS)

HSBC Bahrain is pleased to announce customers will now be able to deposit cheques in a faster, simpler and more secure way.

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The Bahrain Cheque Truncation System (BCTS) enables banks to process electronic images of cheques, known as e:cheques using the BenefitPay app instead of requiring a physical cheque. This reduces the clearing cycle to one business day.

The BCTS service is governed by detailed operating rules that are endorsed by Central Bank of Bahrain directives.

No paper, no queues, and no hassle.

Whether a corporate signatory, an individual, or a small-to-medium sized business owner, it could not be easier. Simply head down to your local HSBC branch to complete the application process.

For further information visit the Benefit site

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