Tag Archives: cheque issuer

What is Dishonoured Cheque?

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?

dishonoured cheque

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

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