Eurocheque

The Eurocheque was a type of cheque used in Europe that was accepted across national borders and which could be written in a variety of currencies.

They were rapidly adopted for domestic use in a number of countries, to the extent that their use for international payment rarely accounted for more than 5% of total Eurocheque transactions.

[1] On 3 February 1988, Eurocheque International became a cooperative society established under Belgian law, having previously been a de facto association, rather than a legal entity.

The shareholders were the Association of Swedish Banks, Associazione Bancaria Italiana, Groupement des cartes bancaires 'CB' (France), Comunidade Portuguesa eurocheque, Bank of Cyprus, Caisse d'épargne de l'État du grand-duché de Luxembourg, Agrupació Andorrana Eurocheque, PBS-Pengeinstitutternes BetalingsSystemer (Denmark), Apacs (United Kingdom), Telekurs (Switzerland), Suomen Pankkiyhdistys (Finland), Association of Norwegian Banks, Stichting Bevordering Chequeverkeer (Netherlands), Irish Clearing House, Jugobanka United Bank (Yugoslavia), Association of Austrian Banks and Bankers, Eurocheque Belgique sc, GZS-Gesellschaft für Zahlungssysteme GmbH (Germany).

[8] By the end of 1998, there were 46 participating countries, 22 of them both issuing and accepting the cheques:[1] Belgium, Denmark, Germany, Finland, France, United Kingdom, Ireland, Israel, Italy, Croatia, Luxembourg, Malta, Netherlands, Poland, Portugal, Switzerland, Slovenia, Spain, the Czech Republic, Hungary, Cyprus, and 24 accepting cheques: Egypt, Albania, Algeria, Andorra, Armenia, Azerbaijan, Bosnia-Herzegovina, Bulgaria, Georgia, Gibraltar, Greece, Iceland, Lebanon, Lithuania, Latvia, Morocco, Macedonia, Romania, Russia, Slovakia, Tunisia, Turkey, Ukraine, Belarus.