Bank Manager Cheques Accepted At This Time

This page outlines the types of Guarantee Payments to the seller that Canadian Ghana Gold presents to the seller that is required from your bank. It serves as a perfect example of our requirements that the seller needs in order to do CIF deliveries. We pride ourselves on providing clear and adaptable guidelines.

Manager Cheque- Blocked funds 

For a buyer to buy gold we require a Manager Cheque.

What does that mean??

A manager's cheque is a bank-issued cheque where the financial institution guarantees payment. Unlike personal checks, the money is withdrawn upfront and blocked by the bank. Because it eliminates the risk of bouncing, it functions like a cash equivalent for high-value transactions.

Manager Cheque-How It Works

When you request a manager’s cheque, your bank verifies your account balance and immediately transfers the funds into the bank's own account. The bank then writes and signs the cheque payable to the person or entity you specify.

Our Best Secured Approach

This will help buyers to give a Guarantee Payment to the seller account after final assay. This way the buyer is secure and seller is secure to receive payment after final assay is done.

 

Need Sample on Letters Of Credits

 Click the link button to see the sample form of the Letter of Credit from your bank that we need to view only.