December the 29th, 2020 – Croatian account holders at Hrvatska postanska banka (HPB) will be the ones to be able to enjoy a unique service in Croatian terms, and one which many people, particularly foreigners, find themselves discussing.
As Poslovni Dnevnik writes, given the fact that it is constantly expanding and improving the offers of its products and services for its numerous different groups of clients, and based on the needs and requirements of residents who do not have the ability to collect foreign checks in the Republic of Croatia, Hrvatska postanska banka has now decided to offer the service of processing foreign checks within its business network.
Hrvatska postanska banka is usually striving to simplify financial operations for Croatian residents who receive their pensions or other benefits through means issued from outside of the Republic of Croatia, and to provide them with an accessible and fast way to pay their funds. As such, Hrvatska postanska banka’s brand new service is extremely important in cases when the payers or issuers of foreign checks insist on payment by cheque.
Hrvatska postanska banka accepts bank checks issued in Switzerland, Liechtenstein, Norway, all European Union countries except France, Denmark and Great Britain, and it even accepts US Treasury checks from the United States of America, ie those in euros, US, Australian and Canadian dollars, Swiss francs, British pounds, Swedish and Norwegian krone and Japanese yen.
In the processing of foreign checks, Hrvatska postanska banka acts as an intermediary in the business being done between the issuer and the user of the cheque in accordance with all appropriate international standards. All that is needed to cash a foreign check is to have a foreign currency transaction account opened with this bank.
This is a unique service on the Croatian market and is, as previously touched on, often the topic of conversation among foreign residents who tend to come unstuck when faced with having to deal with foreign currencies. The new service can only be realised in Hrvatska postanska banka centres and branches.