Current Account with Cheque Management and Collection TAE 11.717%

Keep your business moving

and convert pos-dated cheques into ready to use money

Branch only

Current Account with Cheque Management and Collection TAE 11.717%

Keep your business moving

and convert pos-dated cheques into ready to use money

Branch only

Current Account with Cheque Management and Collection

Benefits How much is it How to get it Related topics

Early revenues with post-dated cheques and immediate cash for your needs

Treasury flexibility to address specific needs

Perfect for companies that receive post-dated checks.

Early revenues with post-dated cheques and immediate cash for your needs

Treasury flexibility to address specific needs

Perfect for companies that receive post-dated checks.

Early revenues with post-dated cheques and immediate cash for your needs

Treasury flexibility to address specific needs

Perfect for companies that receive post-dated checks.

Annual Effective Rate (TAE) 
                            11.717%
                            11.717%
                        

Term of 180 days renewable for 90-day periods, unless terminated by either party, communicated in accordance with the contract.

Payment frequency
Interest is calculated daily on the balances used (based on a 360-day calculation) and debited monthly / quarterly / semi-annually to the current account in arrears.

The used balances accrue interest at an annual rate corresponding to the sum of the benchmark rate (typically the Euribor) plus spread (assigned according to each case).

Insurance
While not mandatory, you can choose to get Financing Protection Insurance.

TAE of 11.717% calculated based on a TAN of 8.452% - Euribor 6 months (simple arithmetic average of the daily quotes of the month prior to the interest counting period, which for this example was the month of April 2025, corresponding to 2.202%, plus a spread of 6.25%, for a Secured Current Account with a limit of €50,000, that is fully used, including the File Fee and the Management Fee.

TAE (Effective Annual Rate) calculated under the terms of Decree-Law no. 220/94 of August 23rd.

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