The Nü Savings Group ('NSG') allows you or your business to make immediate payment via Banker's Cheque. This is a secure method of payment.
Once we are in receipt of a digital cheque, we will issue a receipt once your payment clears.
How long does the process take?
A banker's cheque usually clears automatically dependent on receipt.
Reasons for not accepting a normal cheque?
There is a higher risk that a pending payment to our group could be dishonored, i.e. bounced cheque due to an insufficient balance in the drawer’s bank account. Another reason is that a normal cheque can be canceled or stopped by a drawee.