Returned/Bounced Cheque

Find out what are the cheque returned reasons and the fees that will be incurred.

Common cheque returned reasons:

  • Refer to drawer: Clarifications have to be sought from the person who issued the cheque.
  • Effects not cleared: There were incoming funds to the cheque issuer’s account but they did not clear in time to fund this cheque.
  • Exceeds Arrangement: The cheque amount may have exceeded the transfer limit on the issuer’s account. Please clarify with the cheque issuer.
  • Awaiting Banker’s Confirmation: It is pending issuer’s bank confirmation to release the payment.

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