Bills of Exchange Collection Service

Piraeus Bank provides “Bills of Exchange Collection Service”, for total and integrated management of your claims. After subscribing to the service, you can present your bills of exchange (signed by your clients) to your nearest Piraeus Bank branch and the Bank will undertake on your behalf:

their safe keeping
written notification to the debtors
tracking of their expiration dates
their payment collection
reporting of unpaid items to TIRESIAS Bank Information Systems S.A.

Benefits for your business

Safety.
Bills of exchange are safely kept in suitably designed areas within the Bank premises.
Reduced operating cost, since all the procedures are made by the Bank.
Full service from experienced and specialized staff.
Piraeus Bank engages in all the necessary steps to successfully complete the payment collection of bills of exchange.
Credit Balance monitoring.
Capability to view the total credit balance of your bills of exchange through Piraeus e-banking.
Instant credit of your account on each payment of bill of exchange.
Instant information.
Informative alerts via sms or email every time your account is credited.
Reporting of unpaid bills of exchange to TIRESIAS Bank Information Systems S.A. in due date, to achieve legal claims.

Benefits for your customers

The use of “Bills of Exchange Collection Service” will also benefit your customers since:

They receive written notification with analytical details for each bill of exchange and instructions for their payment
They are notified about the full address of their nearest Piraeus Bank’s branch where the payment will take place