Knowledge Base Issues

What is the difference between order cheque and bearer cheque? What is a bearer cheque? What is an order cheque?
A cheque is generally known as an Open cheque when it is not crossed whether it is made payable to bearer or order. Cheque in its printed form comes in the following manner: Pay ..... Or Bearer...
What are the duties and responsibilities of a current accountholder?
Some of your duties and responsibilities as an accountholder are: Keep your account numbers confidential and keep your account statements in a safe and secure place Safeguard and keep confidential...
What is a bounced or bad cheque? What happens if I issue a bounced cheque? Will I be blacklisted?
A bad cheque is commonly referred to as a bounced cheque. A bad cheque refers to a cheque issued by an account holder, dishonoured and returned by the drawee bank when it is issued: from an...
What are the reasons for cheques being returned unpaid?
Your bank will decline to pay a cheque issued by you due to the following reasons: Insufficient funds in your account to clear the cheque Missing signature(s) Signature(s) differ from specimen...
Can I issue a cheque that bears a date on a Sunday? Can I cash a cheque that bears a non-existent date? What is an ante-dated cheque?
A cheque can be dated on Sunday and it is not invalid by only that reason. A cheque dated on Sunday or public holiday should be paid on the following working day. A cheque dated on a non-existing...

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