International Payments
When will a collecting bank undertake a protest action on behalf of a seller?
A collecting bank will undertake a protest action on behalf of a seller if it has been so instructed by the seller prior to the buyer's default. In instructing a collecting bank to undertake a protest action on its behalf, a seller must realize that a collecting bank will charge a fee for this service that is separate and distinct from the fee that the collecting bank charges for acting as collecting bank. Furthermore, a seller inclined to give protest instructions to a collecting bank must realize that protest fees vary widely from collecting bank to collecting bank and from country to country.
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