Cheque Book Clause Samples
The Cheque Book clause outlines the terms and conditions under which a bank provides a cheque book to an account holder. It typically specifies the process for requesting and issuing cheque books, the responsibilities of the account holder in safeguarding the cheques, and the procedures to follow in case of loss or theft. By clearly defining these aspects, the clause helps prevent unauthorized use of cheques and allocates responsibility for their security, thereby reducing the risk of fraud and ensuring smooth banking operations.
Cheque Book. 1. The Customer shall take due care of his/her/its cheque book and shall assume full responsibility thereof.
2. The Bank shall have the right to withhold issuance of a cheque book to the Customer without giving reasons.
3. The Customer shall write the cheque either in Arabic or English language, and no cheques written in other languages shall be accepted or cashed.
4. The Bank may refuse to pay the amount of the cheques drawn on the Customer’s account if there is no sufficient funds regardless of the fact that other accounts of the same Customer may be in credit balance, unless he/she/ it authorizes the Bank in writing to cover the cheque amounts or any other withdrawals from its other current or saving accounts with the Bank.
5. The Bank may honor the value of the cheques or other commercial papers drawn on the current account of the Customer, even if this were to cause the account to be overdrawn. The Customer undertakes to pay all due amounts in his/her/its overdrawn account when required by the Bank.
6. The Bank shall have the right to withhold making any payment on payment orders or written cheques written on other forms than Bank approved forms, without any responsibility whatsoever on the part of the Bank.
Cheque Book. Customer acknowledges that the Bank recognizes solely cheques drawn from and written on the official digitalized leaves of the valid ARB cheque book delivered to the Customer and registered on its account.
a) Prior to accepting delivery of a Cheque book, the costumer must ensure that the Cheque Book belongs to it , bears its correct credentials. And is intact with all enumerated pages. The costumer must not accept delivery if the Cheque book does not belong to it, bears incorrect information or has missing page(s).
b) The Customer must take all reasonable care in drawing Cheques so as to preempt fraudulent alterations or forgeries. For any alterations on a Cheque made by the Customer to be acceptable it must be validated by signature of the Customer at the appropriate place.
c) The Customer must inform the Bank immediately upon loss or theft of a Cheque or a Cheque book or upon suspicion that a Cheque has been forged.
d) to prevent fraud, the Customer / drawer must write the correct date of issuance on the Cheque, The Bank shall pay any Cheque presented to it on the date of presentation whether or not the Cheque is post-dated .
e) Subject to its unfettered discretion to determine each case on merits the bank is under no obligation to cash, deposit or accept Cheques presented by the beneficiary after the elapse of seven months from the date of issuance yet the Bank does not warrant to the drawer that such a Cheque will not be cashed or accepted for collection. .
f) If the customer wants to stop a Cheque, it must instruct the Bank in writing in accord with the Bank procedure. The bank will not stop a Cheque covered by a Cheque guarantee card or a Cheque which has already been paid or cashed by it. The Customer understands that countermand of Cheque payment could be a criminal offence under Section 118 of the Negotiable Instruments Act and hereby acknowledges that a countermand by him entitles the Bank subject to its own unfettered discretion to immediately stop payment whether or not the countermand is justified and that the Customer alone bears full responsibility for such an order and holds the Bank free of any liability whatsoever.
g) The Customer acknowledges and understands that directives issued by SAMA are integral and an inseparable part of this Agreement and that the Bank will not heed a countermand order in situations where the stoppage of the Cheque will constitute a breach of a directive in effect.
Cheque Book. 1. The Customer shall take due care of his/her/its cheque book and shall assume full responsibility thereof.
2. The Bank shall have the right to withhold issuance of a cheque book to the Customer without giving reasons.
3. The Customer shall write the cheque either in Arabic or English language, and no cheques written in other languages shall be accepted or cashed.
4. The Bank may refuse to pay the amount of the cheques drawn on the Customer’s account if there are no sufficient funds regardless of the fact that other accounts of the same Customer may be in credit balance, unless he/she/ it authorizes the Bank in writing to cover the cheque amounts or any other withdrawals from its other current or saving accounts with the Bank.
5. The Bank may honor the value of the cheques or other commercial papers drawn on the current account of the Customer, even if this were to cause the account to be overdrawn. The Customer undertakes to pay all due amounts in his/her/its overdrawn account immediately or when required by the Bank.
6. The Bank shall have the right to withhold payment on any payment orders or written cheques written on any forms other than Bank approved forms, without any responsibility whatsoever on the part of the Bank.
7. Requests to Stop Payments: The Customer instructions to stop the payment of cheques issued by him/her/ it shall not be binding unless such instructions fall within the scope of applicable laws and regulations in the UAE.
Cheque Book. (A) The Customer recognizes and acknowledges that ARB accepts only cheques written on the magnetic cheque form taken from the valid chequebook approved by the bank and delivered to customer and recorded by electronic numbering on the customer's account. (B) Prior to accepting delivery of a Cheque book, the costumer must ensure that the Cheque Book belongs to its account, bears its correct credentials and is intact with all enumerated pages. The costumer must refrain from receiving upon discovery that a Cheque book does not belong to it, bears incorrect information or has missing page(s). ير س أ ف ااص س ي ااص ت مسز با ل ااباس ط بترس في ح .هداج ل باس ال ىلتر ت شن ير ت يأ ث دح في ح في هن ف س ده ف : نب اااااااااااااااصتس .52 ىلتر ين ح ان س ل ااااااااااااباس عااااااااااااض أ س ىلتر ؤف دل ىلتر ين ف لا .في ااااااصتلاس زك م برتر سراح ف ااااااص س سلابإ س ملر أ ئلاس ةل دب ملر أ ي اااب س ه لر وتر ح اااصحلس س يفظام وم يلأ أ ةاامداالخس هذااه برتر ياااااااااااااااصماااااااااااااااش س فف س ق د با مد س ر دخلس ةلج م لىإ ف اااااص س ى ااااابف ف اااااص س . ذب يل س هرس ب س ر بخإ ه ة سم س ت مدلخس ع ىلتر ة ل فتلاس هذه م بأحأ ط اااااااااااااااش ي ااااااااااااااابت .53 رياز بلد ت س هباااااااااااااس نف يذ س رد با س به كناااااااااااااش س س ت بلد س في كلا ع ف س رياز برتر هنم د ف ااااااااااب س س : صاس لا في ث س بس ىلتر شت .راجلاس ةف حم م ظن /بتس س ةمدخ )أ( .بتس س ت ل دب ةمدخ )ل( . ش ب س مصلخس )ج( .وفد ف ب س )د( .ابأمسرأ ت تراحدم )ه( .ه بن س ئ سر ) ( .ع ب س ط ن ةمدخ )ز( .)ف س( عحد س بجس ش س )ح( .حبارلأس عفزات )ط( .د ن س رسدإ )ي( .ل باس د ص ب د هش بل، )ك( .ة ن ئلاس ت ل دب س )في( .م م )م( . ش ب س عحد س ةمدخ ) ( .ة مابأاس تسدس فلس ةمدخ )س( .يد ن س عسدفلس ز هج )ع( .ةفر ج س ت فص س )ف( فيلاخ وم س به كناااااااااااااااشف س ى خلأس ة ح اااااااااااااااص س ت مدلخس )ص( برتر ةدااااااااااسا س ير ااااااااااص س تآااااااااااشن ل ة ح ااااااااااص س يحجس س ةمدخ .تنننلس :ة ن نبأ لس ة حسا س .54
Cheque Book. 1. The Customer shall take due care of his/her/its cheque book and shall assume full responsibility thereof.
2. The Bank shall have the right to withhold issuance of a cheque book to the Customer without giving reasons.
3. The Customer shall write the cheque either in Arabic or English language, and no cheques written in other languages shall be accepted or cashed.
4. The Bank may refuse to pay the amount of the cheques drawn on the Customer’s account if there are no sufficient funds regardless of the fact that other accounts of the same Customer may be in credit balance, unless he/she/ it authorizes the Bank in writing to cover the cheque amounts or any other withdrawals from its other current or saving accounts with the Bank.
5. The Bank may honor the value of the cheques or other commercial papers drawn on the current account of the Customer, even if this were to cause the account to be overdrawn. The Customer undertakes to pay all due amounts in his/her/its overdrawn account immediately or when required by the Bank. وأ / و لــماعتملل ةيصخــشلا تاــنايبلا كــنبلا كراــشي نــل .3 اـهل حرـصملا ةـيجراخلا وأ ةـيلخادلا تلااكوـلل لاإ اـهنع فـشكي ةــمارص رــثكأ وأ ةــلثامم ةيرــسو ناــمأ رــيياعم اــهيدل يــتلا لماعتملل ةيصخـشلا تاـمولعملا ةـجلاعمب كـنبلا موـقي نـل .4 يــف لــماعتملا هددــح اــم زواــجتت ةــينوناق رــيغ ضارــغأ يلأ ىـلع يـنوناق مازـتلا كاـنه نـكي مـل اـم ةـحيرصلا هـتقفاوم .كــلذب ماــيقلل كــنبلا تاــمولعملا ةــيامحل ةــمراص ةــيلخاد طــباوض كــنبلا قــبطي .5 ةــيلخادلا لاــيتحلاا تاــيلمع نــم لاــعف لكــشب تاــنايبلاو .ةــيجراخلاو يــتلا لــماعتملا تاــنايب ةــيامحل هدــهج ىراــصق كــنبلا لذــبي .6 حرصملا فارـطلأل اـهنع فـشكلا وأ اهمادختـسا وأ اـهعمج مـت كـنبلا مادختـسا ىـلع هـتدارا ضـحمب لـماعتملا قـفاوي .مـهل نــم لاــخ بــلطلا تــحت نــسح ضرــق وــه :فــيرعتلا )أ نــم لــيومتلا ماكــحأ هــيلع قــبطتو ،ةــيوبرلا ةدــئافلا حاـبرأ يـف كراـشي لاو .بـلطلا دـنع لـثملا در ناـمض ثـيح .هرــطاخم لــمحتي لاو رامثتــسلاا قــحي :يراــج ụاــسح حــتف مــهل قــحي نــيذلا صاخــشلأا )ụ اــميقم وأ اــنطاوم ناك اذإ راــج ụاــسح حــتف صخــش يلأ اــقفو ةدــحتملا ةــيبرعلا تاراــملإا ةــلودب ةــينوناق ةروــصب هذــهل اــقفوو يزــكرملا فرــصملا تاــميلعتو طــباوضل .ماكــحلأاو طورــشلا نــع يراــجلا ụاــسحلا دــيصر لــق اذإ :ةــنايصلا موــسر )ت نــم لــيدعتلل عــضخي( كــنبلا ةرادإ هددــحت نــيعم غــلبم ةـنايص رـيظن موـسر ضرـف كـنبلل قـحي هـنإف ،)رـخلآ تـقو ىــلعو كــنبلا عورــف يــف اــهنع ناــعلإا مــتي ،ụاــسحلا .كــنبلل يــنورتكللاا عــقوملا هتاكيــش رــتفد ىــ...
Cheque Book. (A) The Customer recognizes and acknowledges that ARB accepts only cheques written on the magnetic cheque form taken from the valid chequebook approved by the bank and delivered to customer and recorded by electronic numbering on the customer's account. (B) Prior to accepting delivery of a Cheque book, the costumer must ensure that the Cheque Book belongs to its account, bears its correct credentials and is intact with all enumerated pages. The costumer must refrain from receiving upon discovery that a Cheque book does not belong to it, bears incorrect information or has missing page(s).
Cheque Book. 1. The Customer shall take due care of his/her/its cheque book and shall assume full responsibility thereof.
2. The Bank shall have the right to withhold issuance of a cheque book to the Customer without giving reasons.
3. The Customer shall write the cheque either in Arabic or English language, and no cheques written in other languages shall be accepted or cashed.
4. The Bank may refuse to pay the amount of the cheques drawn on the Customer’s account if there are no sufficient funds regardless of the fact that other accounts of the same Customer may be in credit balance, unless he/she/ it authorizes the Bank in writing to cover the cheque amounts or any other withdrawals from its other current or saving accounts with the Bank.
5. The Bank may honor the value of the cheques or other commercial papers drawn on the current account of the Customer, even if this were to cause the account to be overdrawn. The Customer undertakes to pay all due amounts in his/her/its overdrawn account immediately or when required by the Bank.
6. The Bank shall have the right to withhold payment on any payment orders or written cheques written on any forms other than Bank approved forms, without any responsibility whatsoever on the part of the Bank.
7. Requests to Stop Payments: The Customer instructions to stop the payment of cheques issued by him/her/ it shall not be binding unless such instructions fall within the scope of applicable laws and regulations in the UAE.
1.1- Warning and Legal Consequences applicable to Current Accounts:
a. The Customer shall ensure that he/she writes and issues the cheques with the utmost prudence and care since issuing, with malefide intentions, of cheques that are dishonored is a criminal offence under the laws of the UAE.
b. If four (4) or more cheques are returned due to insufficient fund in a year, this can lead to account closure and / or a negative report to Al Etihad Credit Bureau (AECB).
c. The Customer shall ensure that he/she reports any unauthorized transactions to the Bank on his/her account within 30 business days from the date of sending the account statement and/or e-statement
d. Safe custody of access tools to his/her account like Debit card, PINs, T-Pins, Cheques, Online/Mobile Banking usernames, passwords; other personal information, etc. is his/her responsibility. The Bank cannot be held responsible in case of a security lapse at his/her end. The Central Bank of UAE or Dubai Islamic Bank PJSC will never Call/ SMS/ Mail/ Email t...
Cheque Book. If you qualify for cheque book, you agree to take and use any cheque book and any cheque forms with the utmost care.
11.1 You further agree to ensure;
11.1.1 that all uncompleted cheque forms are kept in safe custody at all times;
11.1.2 That we are informed immediately upon discovery by you that any cheque book or any cheque form(s) has/have been stolen, lost or mislaid;
11.1.3 that any person preparing a cheque is authorized to do so;
11.1.4 that any cheque is prepared and signed in ink or other indelible writing material;
11.1.5 that the amount written on the cheque is written in such a manner so as to prevent any unauthorized addition of letters or figures;
11.1.6 that any cheque and alteration is signed by an authorized signatory.
11.1.7 that no uncompleted cheque is given to any stranger or other person when you do not have reasonable grounds for believing that person to be trustworthy;
11.1.8 that upon closure of any account you will return to us any remaining uncompleted cheque forms relating to that account and we will return to you where possible the value of any revenue stamps reimbursement for them which is obtained by us.
11.2 You understand that the use and handling of your cheque book is subject to such arrangements as we may have with regards to the implementation of the MICR (Magnetic Ink Character Recognition) systems as coupled with the ACH (Automated Clearing House).
Cheque Book