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Glossary > E > "Eurocheque scheme" Definition

Eurocheque scheme

A European payment scheme in which a person person can use eurocheques and a guarantee card where the EC sign is displayed to purchase goods and obtain cash in the local currency of a European country outside his/her country of residence. The eurocheque is debited from the person"s current account after currency conversion.

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Eurocheque scheme - A European payment scheme in which a person person can use eurocheques and a guarantee card where the EC sign is displayed to purchase goods and obtain cash in the local currency of a European country outside his/her country of residence. The eurocheque is debited from the person"s current account after currency conversion.

Eurocheque scheme : a european payment scheme in which a person person can use eurocheques and a guarantee card where the ec sign is displayed to purchase goods and obtain cash in the local currency of a european country outside his/her country of residence. the eurocheque is debited from the person"s current account after currency conversion.