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Weekdays from 8:30 a.m. to 5:30 p.m.
The cost of communications depends on the tariff agreed with your Telecom Provider.
Issuance and collection of foreign checks
Payment guarantee anywhere in the world
What is it and how does it work
The essentials of international checks
What is a foreign check?
It is a payment instrument issued by the Bank, in various currencies, to third parties and drawn on an account abroad. As it is issued by the bank, it is always made out to a named beneficiary and carries a payment guarantee.
Check issuance
Issuance of checks in euros or foreign currency, payable to a beneficiary designated by the Customer. They can be drawn on the Bank itself (in euros) or on Banks abroad (in other currencies), enabling payments to multiple countries.
Check collection
Receipt of a Bank check for deposit into an account, typically in a foreign currency. It may be processed for collection or deposit, subject to risk assessment and applicable international rules.
After issuance
After the check is delivered, the beneficiary must present it at their Bank abroad to receive the funds. Crediting may take some time, depending on the country and the specific circumstances.
Actions on a check
After issuance, the drawer may request one of three actions: voiding, cancellation, or a stop payment.
Learn more
Check collection options
The collection of foreign checks follows international rules and is available in three options: standard, collection basis, or immediate credit.
Learn more
Promissory Notes (Spain)
May be processed as foreign checks, with or without immediate credit, provided they are presented on or after the maturity date. Collection basis processing can be requested at any time, subject to the pricing applicable to Export Documentary Collections.
Traveler's checks
May be processed with or without immediate credit, depending on the applicable terms. They have a fixed value and a payment guarantee provided by the issuing Bank.
View reservation hours
What is a foreign check?
It is a payment instrument issued by the Bank, in various currencies, to third parties and drawn on an account abroad. As it is issued by the bank, it is always made out to a named beneficiary and carries a payment guarantee.
Actions on a check
After issuance, the drawer may request one of three actions: voiding, cancellation, or a stop payment.
Learn more
Check issuance
Issuance of checks in euros or foreign currency, payable to a beneficiary designated by the Customer. They can be drawn on the Bank itself (in euros) or on Banks abroad (in other currencies), enabling payments to multiple countries.
Check collection options
The collection of foreign checks follows international rules and is available in three options: standard, collection basis, or immediate credit.
Learn more
Check collection
Receipt of a Bank check for deposit into an account, typically in a foreign currency. It may be processed for collection or deposit, subject to risk assessment and applicable international rules.
Promissory Notes (Spain)
May be processed as foreign checks, with or without immediate credit, provided they are presented on or after the maturity date. Collection basis processing can be requested at any time, subject to the pricing applicable to Export Documentary Collections.
After issuance
After the check is delivered, the beneficiary must present it at their Bank abroad to receive the funds. Crediting may take some time, depending on the country and the specific circumstances.
Traveler's checks
May be processed with or without immediate credit, depending on the applicable terms. They have a fixed value and a payment guarantee provided by the issuing Bank.
View reservation hours
How to request
Request the issuance of cheques online
Once you have the necessary authorizations,
Once you have the necessary authorizations,
print the receipt in the Operation History.
print the receipt in the Operation History.
Finally, visit a branch
Finally, visit a branch
collect the check.
collect the check.
How to request
Request the issuance of cheques online
Once you have the necessary authorizations,
Once you have the necessary authorizations,
print the receipt in the Operation History.
print the receipt in the Operation History.
Finally, visit a branch
Finally, visit a branch
collect the check.
collect the check.
Contacts
Need help or have questions?
Trade Line hotline: provides personalized support on business days from 8:30 a.m. to 6:00 p.m.
Exclusive Trade Line email: Tradeline@millenniumbcp.pt
Millennium Trade Solutions: offers solutions designed to meet the needs of your business activity and international strategy
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