Primary products and services include the exchange of foreign currencies, wire transfer payments, purchase and sale of foreign bank drafts and international travelers' cheques, and foreign cheque clearing.
The companys products and services include the exchange of foreign currencies; wire transfer payments; purchase and sale of foreign bank drafts and international travelers cheques; and foreign cheque clearing.
Before electronic cheque clearing, bad weather or communication problems often caused float to significantly increase, as the clearing of cheques was delayed.
Other banks have also consolidated all their charges including monthly account maintenance, account statements, cheque clearing, interbank transfers among others.
