In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...
Most cases end in settlement, not jail,' say lawyers, but ignoring the 15-day notice can trigger court action and credit damage ...
If a cheque bounces, you could face legal trouble, big fines, or even jail time. Here are five simple rules every bank account holder should know about deadlines, penalties, and the law.
The new regulation on bouncing cheques, which came into force on February 5, is expected to address people’s concerns about such negotiable instruments without sufficient funds on the issuers’ ...
Having a check bounce can be a lot worse than having a debit card declined. If you hand over a debit card at a store and don’t have enough money, you know right away if the purchase didn’t work and if ...