Service Summary

A written unconditional promise drawn by the bank to pay at sight the beneficiary or the bearer a prescribed sum of money.

Features

•  Applicable to funds settlements within the same exchanging region.

•  Registered.

•  Long valid period of 2 months.

•  Fast settlement with payment at sight.

•  Two types: bank promissory note for account transfer (transfer note for short) and bank promissory note for cash withdrawal (cash note for short), and the former is transferable by endorsement.

•  Cash note is drawn when both the payer and the beneficiary are personal clients, which can be honored to an authorized agent and can be reported of loss.

•  No threshold in amount.

Business Processing

lease fill in the Bank Promissory Note Application Form to initiate an application.