How can I send a Milestone CHEQ?

Creating a milestone CHEQ requires you to initially create a CHEQBook for a person or company. If you have already created a CHEQBook please skip to section 2 below.

1. Create a CHEQBook

1. Press the Issue menu (big blue button at the bottom of the app)

2. Press Create CHEQBook

3. Choose the receiver from your adress book (see the page Address Book to add a receiver)

4. Set the CHEQ Amount

   • Please note the minimum is 10 for most stablecoins.

   • Please note there is no maximum

5. Add the name of the CHEQBook

   1. Please note this will be visible to the receiver

   2. Add a project name or an explanation of the reason behind the CHEQBook

6. Optionally change the expiry date after which the CHEQBook will expire

   • Please note the default duration (and maximum) of a CHEQBook is 45 days and that the minimum is 7 days

   • Please note that the expiry date may be extended so as to keep the CHEQBook open

7. Optionally Issue the 1st CHEQ from this CHEQBook (see below for details).

8. Press the Issue CHEQ button

9. Enter your Pin Code

10. Done! Your CHEQBook is prepared and the receiver is notified

2. Optionally Issue a 1st Milestone CHEQ

1. During the CHEQBook creation click “Issue 1st Milestone CHEQ now”

2. Add the reason for transfer

   1. Please note this will be visible on the CHEQ and visible to the receiver

   2. Add a milestone name or an explanation of the reason behind the CHEQ

3. Set the CHEQ Amount

   • Please note the minimum is 10 for most stablecoins.

   • Please note there is no maximum but that the amount of the CHEQ cannot be larger than the amount in the CHEQBook

4. Optionally add a personal note which is confidential and not shared with the receiver

5. Optionally change the date at which the CHEQ may be cashed

   • Please note by default this CHEQ can be cashed now

   • Please note you can alternatively choose a later Cash From date provided this is one day before the expiry of the CHEQBook

6. Press the Issue CHEQ button

7. Enter your Pin Code

8. Done! Your CHEQ is prepared and sent to the receiver

3. Issue a Milestone CHEQ from a Project CHEQBook

1. Press the CHEQBooks menu (second from right at the bottom)

2. Select from the top dropdown CHEQBooks I Made

3. Optionally Use the filters on the top or right to help find the right CHEQBook

   • Please note you can only issue CHEQs from CHEQBooks which are Open (not expired)

   • Please note the available filters enable you to sort by oldest or newest and by currencies

4. Select the CHEQBook from which you want to write a CHEQ

5. Press Issue Milestone CHEQ

6. Set the CHEQ Amount

   • Please note the minimum is 10 for most stablecoins.

   • Please note there is no maximum

7. Add the reason for transfer

   1. Please note this will be visible on the CHEQ and visible to the receiver

   2. Add a milestone name or an explanation of the reason behind the CHEQ

8. Optionally add a personal note which is confidential and not shared with the receiver

9. Optionally change the date at which the CHEQ may be cashed

   • Please note by default this CHEQ can be cashed now

   • Please note you can alternatively choose a later Cash From date provided this is one day before the expiry of the CHEQBook

10. Press the Issue CHEQ button

11. Enter your Pin Code

12. Done! Your CHEQ is prepared and sent to the receiver

You can always reach out to the support team if you need any help. Click on the “Help & Support” widget (the rectangular button on the right of your screen).