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Collection Services

Collection Services

By leveraging our branch network and partnerships with authorized service providers, we deliver specialized solutions, which reduce costs, minimize risk and increase profitability. Our Collection Services improve turnaround time on your receivables flow, and facilitate reconciliation by providing a consolidated view of collections across multiple channels.

corporate collections services

Our Collections Services include:

  • Cash and Cheque Collection Service: We offer multiple channels of secure cash and cheque collection to increase and improve your receivables cycle efficiency, including same day cash-credit, pickup/delivery from customer locations, incoming fund transfers from, and collection through Cash Deposit Machines at key branches.
  • PDC Management: Our comprehensive post-dated cheque management services include lodgement, warehousing and presentation of cheques on due date for clearing. MIS reports - with details of status, ageing and inventory.
  • Documents Collection and Delivery Service
  • Customized Solutions
  • Multi-channel Consolidation
Corporate Finance

Services

Corporate ICCS
Corporate ICCS

The objective of the Image Cheque Clearing System is to allow for the truncation of cheques at the point of acceptance whilst providing a safe, secure, efficient and robust payment mechanism in the United Arab Emirates. Banks will settle cheques issued on accounts held by them based on electronic images of these cheques. ICCS reduces the dependence of the payment infrastructure on the physical movement of paper, and therefore facilitates shorter clearing and settlement cycles. It also facilitates quicker realization of funds on these items

PDC warehousing & Management
PDC warehousing & Management

Our comprehensive post-dated cheque management services include lodgement, warehousing and presentation of cheques on due date for clearing. MIS reports - with details of status, ageing and inventory

Direct Debit Service (DDS)
Direct Debit Service (DDS)

Direct Debit System (DDS) is to boost transparency, reduce paperwork, nearly eliminate cheques and save time as well as boost operational efficiency of the sector in serving millions of customers in the UAE. Direct Debit System offers you a greater convenience to manage your recurrent collections/receivables online through a secured automated process designed to eliminate the handling of post-dated cheques for all repayments towards loans, mortgages, and Credit Cards. The facility supports the option to use secured ‘Host to Host’ connectivity for automatic Enterprise Resource Planning (ERP) integration or secured web based service to suit your different requirements.

Smart Cash Deposit Machine
Smart Cash Deposit Machine

Smart Cash Deposit Machine offers bulk cash deposit options with increased capacity therefore eliminating the risk of discrepancy and counterfeits. Cash handling systems provide reliability and efficiency to minimize theft, optimize processes and save time for Corporate and SME clients

Cash in Transit(Cash & Cheque Collections, Exchange Services)
Cash in Transit(Cash & Cheque Collections, Exchange Services)

We offer multiple channels of secure cash and cheque collection to increase and improve your receivables cycle efficiency, including same day cash-credit, pickup/delivery from customer locations, incoming fund transfers from, and collection through Cash Deposit Machines and key branches

Customized Cheques
Customized Cheques

Features & Benefits of Cheque Outsourcing to NOOR Bank:

  • A4 size customer Cheques with company logo can be printed by the bank.
  • Perforated Cheques
  • Digital signatures of the Authorized Signatories on the Cheques.
  • Customer Cheques with Invoice details (reference to sample on the right
  • Manager’s Cheques with Invoice details (reference to sample on the right)
  • All Cheque printing instructions sent via Corporate Online Banking or CD or e-mail or through encrypted filed in a secure manner
  • Saves time and avoids hassle of signing each and every Cheque.
Customized Teller Services
Customized Teller Services

Features:

  • White labelled teller service for Corporate customers
  • Teller will check and verify documents and receive cash and cheques on behalf Corporate customers from their customers
  • Provide an acknowledgement back to the customers upon receiving of the fund mentioned in the document
  • All cash and cheques will be deposited to Corporate customer’s account with NOOR the next working day
  • NOOR Bank to issue a complete MIS and reconciliation report for the collected amount
  • All services need will be compliant with regulatory approvals as appropriate

Benefits:

  • No Need to pay for salary hikes, bonuses, insurance, labor guarantees, etc.
  • Reduce operational cost
  • Backup tellers are available should a teller goes on leave
  • Contact Us
  • Contact Us
    800-6667
  • Contact Us
  • Contact Us
    800-6667