A bounced cheque which is also known as a dishonored or returned cheque is a non-sufficient funds cheque that cannot be processed because of the following reasons:
There is not enough money in the account of the drawer on the date the cheque was issued.
The bank account had closed prior to the encashment of the cheque.
There is a technical problem such as a mismatch in the signature on the cheque and the signature in the bank’s records.
The account holder instructed the bank to hold the payment.
The UAE has its set of repercussions for cases of bounced cheques and criminal charges are strictly imposed on people who present a cheque with insufficient funds or with full knowledge that it will not be cleared.
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