Safe use of cheques
In order to maintain proper and secure use of cheques, you should be aware of a set of important guidelines and tips in addition to the bounced cheques system adopted by banks in Palestine.
- Do not give cheques from your cheque book for use by others
- Keep your cheque book in a safe place
- Do not cross out or change the information printed on the bottom of the cheque
- Do not write cheques without sufficient funds to cover them in your accounts
- Do not sign a blank cheque and sign only after writing and verifying all the details of the cheque
- Do not leave an empty space in front of the amount written in the check, whether in words or numbers
It is an electronic system that provides information about bounced cheques and their owners in order to preserve the rights of customers and to achieve safety and reassurance about dealing with checks. The system includes a mechanism for classifying customers who have bounced cheques issued by them, and these ratings are:
- (A): A good customer who has no bounced cheques and is eligible for a cheque book.
- (B): A customer on probation with 1-5 bounced cheques. The institution may deal with the customer and provide them with a cheque book.
- (C): A defaulting customer with 6-15 bounced cheques. They may not obtain a cheque book as long as they are subject to this rating.
- (C) Orange/Blinking: A defaulting customer with 6-15 bounced cheques that has not benefited from the legal grace period for paying bounced cheques (12 days or during the year). This customer does not have the right to obtain a cheque book as long as they are subject to this ratings.
- (D): A defaulting customer with more than 16 bounced cheques with no right to obtain a cheque book
- (D) Red/Blinking: Defaulting customer with more than 16-bounced cheques who did not benefit from the legal grace period to pay bounced cheques with no right to obtain a cheque book
- (E): means that the customer has paid the value of the cheques bounced to their account during the legal grace period, has served the legal penalty period and is re-eligible for a cheque book.
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