Wednesday 18 July 2012

gulfnews : Four bounced cheques make you appear on blacklist

“Clients who issue four bounced cheques or more will be blacklisted,” a Central Bank official told the Gulf News.
“The banks have the right to close the customer’s accounts if they have exceeded the four bounced cheques within one year,” the source added.
“In case some of these banks have chosen to keep customers’ accounts, then they should comply with all resulted legal rules and obligations,” explained the source.

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