{"id":3598,"date":"2018-08-22T05:56:24","date_gmt":"2018-08-22T05:56:24","guid":{"rendered":"http:\/\/139.59.38.172:8081\/?p=3598"},"modified":"2021-08-27T08:07:46","modified_gmt":"2021-08-27T08:07:46","slug":"validity-of-cheque-in-uae","status":"publish","type":"post","link":"https:\/\/www.mymoneysouq.com\/financial-blog\/validity-of-cheque-in-uae\/","title":{"rendered":"Validity of cheque in UAE"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">While opening an account, <a href=\"https:\/\/www.mymoneysouq.com\/financial-blog\/top-10-banks-in-uae\/\" target=\"_blank\" rel=\"noopener noreferrer\">banks in UAE<\/a> provide free cheque book for the account holders. So far in 2018, 12 million cheques were circulated all over UAE. Cheques are used for most of the payments. Handling a cheque book is simple if you follow the terms and conditions on it.<\/span><\/p>\n\n\n\n<p><strong>Check:<\/strong>&nbsp;What you need to know about&nbsp;<a rel=\"noopener noreferrer\" href=\"https:\/\/www.mymoneysouq.com\/financial-blog\/bounced-cheque-in-uae-dubai-what-you-need-to-know\/\" target=\"_blank\">Bounced cheque in UAE &amp; Dubai <\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><strong>Validity of cheque in UAE<\/strong> <\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Amongst the terms and conditions on handling a cheque, honouring a valid cheque is important. It is essential to honour the cheque during the validity. In UAE, a <strong>cheque is valid for 6 months<\/strong> from the date of issuance. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Banks reject the cheques issued after the validity. If a bank rejects a cheque that has expired, the drawer can request the issuer for a new cheque. If the issuer doesn\u2019t provide a new cheque the beneficiary can file a cheque bounce case. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The law for cheque bounces is different in UAE and Dubai. In Dubai, if the issuer is found guilty for a bounced cheque, he will be levied fine that would be around AED 2000 &#8211; AED 10,000. Whereas in other parts of UAE, the charges for cheque bouncing is detention in addition to the fine amount which is 10% of the cheque amount according to Federal Law No. 18 of 1993. A travel ban will be imposed on the defaulter until the case is dismissed. \u00a0<\/span><\/p>\n\n\n\n<p><strong>Validity of a bounced cheque in UAE:\u00a0<\/strong><span style=\"font-weight: 400;\">A beneficiary can file a bounced cheque case against the issuer up to 2 years from the date of issuance according to the new <\/span>Federal Law No. 18 of 1993<span style=\"font-weight: 400;\">. \u00a0\u00a0<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Apart from the validity, there are specific details that need to be overlooked while holding a cheque book <\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><span style=\"font-weight: 400;\">Make sure the beneficiary name is written rightly<\/span><\/li><li><span style=\"font-weight: 400;\">Don\u2019t overwrite the details on the cheque <\/span><\/li><li><span style=\"font-weight: 400;\">Give the amount on the cheque correctly in numerals and words<\/span><\/li><li><span style=\"font-weight: 400;\">Don\u2019t sign on the cheque before filling details <\/span><\/li><li><span style=\"font-weight: 400;\">Don\u2019t leave empty cheques signed in prior <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Make sure you signed on the cheque properly as banks verify your records, in the case of a signature mismatch the cheque will be dishonoured <\/span><\/li><\/ul>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Disclaimer: <\/em> MyMoneySouq works hard to keep the<em>&nbsp;figures and information&nbsp;<\/em>up to date.&nbsp;<em>However, it is recommended to get confirmation from a bank or authorized officials. <\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>While opening an account, banks in UAE provide free cheque book for the account holders. So far in 2018, 12 million cheques were circulated all over UAE. Cheques are used for most of the payments. Handling a cheque book is simple if you follow the terms and conditions on it. Check:&nbsp;What you need to know [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":4542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8],"tags":[],"class_list":{"0":"post-3598","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-personal-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Validity of cheque in UAE - MyMoneySouq Financial Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mymoneysouq.com\/financial-blog\/validity-of-cheque-in-uae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Validity of cheque in UAE - MyMoneySouq Financial Blog\" \/>\n<meta property=\"og:description\" content=\"While opening an account, banks in UAE provide free cheque book for the account holders. So far in 2018, 12 million cheques were circulated all over UAE. Cheques are used for most of the payments. Handling a cheque book is simple if you follow the terms and conditions on it. 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