E-cheq: Galicia will allow advance financing for 20,000 suppliers of large companies

E-cheq: Galicia will allow advance financing for 20,000 suppliers of large companies

September 19, 2024 – 19:23

The bank launched an initiative to facilitate the operations of SMEs and individuals who are part of the value chain of large companies.

Ignacio Petunchi

The Galicia Financial Group will allow SMEs and non-customer commercial individuals to anticipate the payment of their Electronic Checks in custody, choosing the bank where they wish to receive the funds. The measure is aimed at 20,000 suppliers to large companies.

“Our focus is to offer Innovative solutions that enable businesses to grow and prosper“This is just the first step, as we will soon launch more B2B tools to continue promoting the development of the business ecosystem,” said José Borrajo, Wholesale Segment Manager.

How can non-customer SMEs access the Electronic Cheque Discount?

  • Accessing the “Sell Your Check” platform from https://vendetucheque.bancogalicia.com.ar/
  • The operation is carried out 100% online from 7 a.m. to 3 p.m., and can be done from a computer or from a cell phone.
  • Required documentation: Anyone wishing to sell the Electronic Check, if they are a natural person with commercial activity, must attach the front and back of their ID; and if they are a legal person, they must attach the front and back of the ID of the person carrying out the transaction, along with the company’s bylaws.

Requirements

Be legal companies or natural persons with commercial activity beneficiaries of Banco Galicia Electronic Checks issued by companies uploaded to the Vendé Tu Cheque platform.

Benefits

  • Preferential rate that will depend on the selected term.
  • It is done 100% online.
  • Accreditation on the same day (may take up to 6 hours from the sale request).

Source: Ambito

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