Have you ever try to bank in the cheque but it bounced? In this situation, there’s a high possibility the current account holder issue the dishonoured cheque. So, what could you do?
Normally, a dishonoured cheque is a cheque that the bank returns for the following reasons:
i) There are insufficient funds in the sender’s account
ii) A cheque is issued on an account, which had been closed for certain reasons
According to our Malaysia’s law, a current account holder will be blacklisted after committing 3 times of dishonoured cheque using the same account over 1 year period.
Fees & Charges of Dishonoured Cheque