Smart Cheque, another first from Standard Chartered

With Smart Cheque, Standard Chartered Credit Cardholders now enjoy the convenience of obtaining a pay order or cheque which will be issued by debiting the cardholder's credit card account with the Bank.

The Smart Cheque can be drawn in favour of any establishment or individual that does not accept credit cards. These may include a variety of payments including school fees to educational institutes, housing rent or even airfare.

Standard Chartered Bank believes in being the right partner to all its customers and has been constantly providing true value to its Cardholders through value added benefits and services offered with the Standard Chartered Credit Card. Repayment of the Smart Cheque transaction value will be as per a normal credit card transaction.

Sheahan Arasaratnam, Head of Credit Cards and Personal Loans at Standard Chartered Bank said, "We are glad to be the first to introduce yet another innovative product that will add real value to our Credit Card Customers.

The Smart Cheque was introduced specially to help those of us who face difficulties in not being able to make certain payments when Credit Cards are not an acceptable method of payment. Our customers can now use a Smart Cheque to make payments such as their children's school fees and even certain utility bill payments which would not traditionally accept Credit Cards."

Cardholders can request the bank for cheques within their available Credit Limit on the Standard Chartered Credit Card at a nominal charge of 2% of the value of the Smart Cheque.

This charge will be debited from the card account once the cheque is issued.

Smart Cheques will be issued only in Sri Lankan Rupees. Cardholders may call the 24-hour customer service hotline on 2480480 provide the details of the establishment, account or name of person for which the Cheque is to be drawn in favour of along with the required amount.