The central bank has urged banks to advise their customers that returned cheques
due to insufficient funds on the account will be recorded with the AECB and will negatively affect the creditworthiness of customers.
According to Central Bank figures, the percentage of the number of presented and returned cheques
increased from 4.3 per cent in Q2 2017 to 4.6 per cent in Q3 2017.
Miss La Grua alleged that the total amount of the fraud was PS43,927 but bearing in mind returned cheques
it was alleged that he got away with PS22,309.
The invoices known as blue invoices due to the colour of paper on which they are printed, are usually issued for services such as facility rentals, property standards by-law infractions, returned cheques
and motor vehicle damage to City assets.
Their long-time Branch treasurer, Donna Gorber UE, was in Florida and her daughter returned cheques
to all members who had paid their 2013 dues.
Eskan Bank provides nine banking eservices to its clients on Bahrain.bh that include account summary, transactions history, housing loan, loan overdue, returned cheques
, official statements, alternative payer, repayment calculator and beneficiary information.
The steps include reporting the debt with your evidence, such as contracts and returned cheques
. Then you proceed to file a claim, hire a lawyer and sue the guy, wait for a court date, your lawyer, their lawyer, lots of money - sometimes more than the debt owed - and time wasted.
The bank also said it had initiated a temporary suspension of charges for 75 days, from April 16 to June 30 for loan arrears, current account unauthorised excesses, returned cheques
and authorised temporary current account limit.
BoC meanwhile said it was suspending certain charges for 75 days -- from April 16 until June 30 -- on loan arrears, current account overdrafts beyond the authorised limit, returned cheques
, and authorised temporary current account limit.
Accordingly, Mirihana Police's Fraud Investigation Bureau and CID has stepped in to take the lady into custody who has been involved in taking public funds and who has mislead individual investors by issuing returned cheques
guaranteeing exorbitant returns per every 10 days.
The announcement, and returned cheques
, came in a letter from regional chairman Gary Ashford, of accountants Grant Thornton.
But both accounts charge pounds 35 for returned cheques
and pounds 30 each time you go over your limit.