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Saudi
Travellers Cheque Company has published its own web site on the Internet
with three languages: Arabic, English and French.. |
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use it Always, safer than cash |
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Refund
Lost or stolen cheques can be refunded through STCC, or through the
shareholding banks of STCC in Saudi Arabia.. |
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The Saudi Riyal Travellers cheques
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SRTCs
Denomination:
The Travellers cheques are
issued in
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Cheques Benefits |
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While traveling
inside Saudi Arabia, we advise you to carry Saudi
Riyal Travelers Cheques as they are secured with your first
signature on issue and remain safer as they will not be
encashed without your countersignature.
SRTCs grant you the following advantages:
* REFUND:
Immediate and free of charge against lost / stolen Cheques.
* ACCEPTANCE: Wide acceptance in K.S.A
* COMMISSION-FREE: SRTCs sold and encashed without
commission in K.S.A
* VALIDITY: Unlimited
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Validity: |
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Unlimited |
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Refund: |
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• Domestically you
can get refund for lost or stolen Travellers Cheques from any of the
branches of the local banks which stocks SRTCs or from STCC
directly.
• Internationally you can get refund from the selling bank.
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Encashment: |
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• The
cheques will be encashed in Saudi Arabia with the face
value of the cheque without any charges. And it will
be encashed outside Saudi Arabia according to the
policy of the foreign exchange of the country.
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Acceptance: |
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• SRTCs
accepted by all local banks and money changers
or the big stores, hotels and some other
establishments within Saudi Arabia.
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Collection:
• Commercial Establishment: You can deposit directly the
value of
 the
Travellers Cheque encashed to your account or you can encash it
immediately from any of the bank or money changers after you
register your Name, Postal Address and your Identification Number.
• Financial Institutions: The financial institutions can
get their collection of Saudi Riyal Travellers Cheques directly
from the STCC as per the request for the payment either in Saudi
Riyal or in Dollar or from their correspondence bank in Saudi
Arabia.
Supply:
• Local Banks: STCC will supply SRTCs to all local banks
according to STCC policy
along with proper documentations.
• International: STCC will supply SRTCs to all international
banks after an agreement will be signed between the two parties
according to STCC policy and exposure credit limit of the bank
according to the evaluation of the Risk management department of
STCC.
Incentive:
• STCC will pay SR 1,000/- for each one million Saudi Riyal (SR
1,000,000/-) encashed.
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