Revised CATS Procedure Dec.20161

7. PAYMENT
COMMERCIAL BANK OF ETHIOPIA December 1, 2016
The duties and responsibilities of each staff of the Bank involved in the payment
process are listed as follows:
7.1 Payment from a Current Account
7.1.1 Local Cheques
7.1.1.1 Payment in cash
The Customer Services Officer/Maker
a) Accepts the cheque and ID card from the payee/beneficiary;
b) Checks the genuineness and completeness of the cheque—that is, makes
sure that the date on which it was written and the amount of money in
both words and figures appear on it and that the cheque has been signed
by the account holder and endorsed;
c) Makes the transaction in the presence of two witnesses one of whom
should be the Customer Services Officer/Maker or the Customer Services
Officer/Checker who is not processing the payment, and the other should
be the customer service manager/Branch Manager.
d) Identifies (write name of the payee, the ID number, address, telephone
number, issue date of the ID and ID issued by) on the back of the cheque;
if the bearer is other than the account holder; otherwise, marks “Account
holder” on the back of the cheque;
e) Authenticates the signature on the cheque and debits the appropriate
customer’s account; the transaction shall be passed using the “withcheque”
menu on the system);
f) Identifies and inputs the detail information of the payee on system, if the
amount is greater than the amount set by Ethiopian Financial Intelligence
Center; currently it is 300,000.00 birr.
CATS Procedure | 97