Export
Collections offer exporters the following advantages:
The exporter's bank monitors whether the payment is made or accepted.
The shipping documents stay in the banking system until the collection has been paid or accepted.
You can electronically initiate and manage your export collections.
You obtain better liquidity.
They are easier to process than documentary credits.
You should be aware, however, that if the goods are addressed to the buyer, the buyer will usually be able to get hold of them without presenting the transport documents, with the exception of bills of lading.
For this reason, it might be prudent to address the goods to a transport firm or the buyer's bank - although this requires the bank's agreement.
Direct collections
Our direct collection service speeds up the process even more by allowing you to send the documents and the instruction letter to the buyer's bank yourself through Business eBanking on behalf of National Irish Bank.
We take care of the rest of the transaction.
Contact
How to contact us?
Find your branch
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Business eBanking
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on what Business eBanking can do for your business or
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