Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
6.2 Collection for Money Transfer
6.2.1 General Conditions for Money Transfers
A. The bank accepts transfer request of customers either in cash or by
instruction to debit customers’ account
B. Customers can transfer money from their account maintained in CBE into
another account or to be paid in cash. In addition to using internet, mobile
and ATM channels, account holders can use the following modalities to
transfer money from their account;
1. Using Cheque Transfer: Account holders’ can transfer money to their
customers’ account without the presence of the payee .In this scenario ,the
following shall be followed ;using cheques by the following procedure (this
procedure shall only apply when the drawer wishes to deposit or transfer the
proceeds of the cheque without the presence of the payee/in case of the
payee’s presence, the normal cheque deposit procedure shall be followed);
i. Writes the account number on the face of the cheque along with
payee’s name
ii. Writes transverse line across the face of the cheque “payable in
account “ or to restrict the transferability of the cheque put “ payee
only “as in the case of payment to suppliers of government budgetary
account ;
iii. Puts drawer stamp at the back of the cheque for corporate entities ;
In case of the payee’s presence, the normal cheque deposit procedure shall be
followed.
2. Using Account to Account format: individual customers can transfer money
using the format (refer format CBECATS103) designed for the purpose after
proper identification and verification is completed ;
CATS Procedure | 69