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JustHere | November 15, 2017

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Cases of dishonoured cheques in Qatar decline by 30%

Cases of dishonoured cheques in Qatar decline by 30%

The cases of ‘bounced’ or dishonoured cheques, which have been the third highest in terms of tried cases in Qatar, have declined by nearly 30% in the past year as a result of government measures.

Banks have their own ways of keeping cases of dishonoured cheques in check. JustHere spoke to a representative of Doha Bank who said “every time a cheque issued by a Doha Bank account-holder returns, the bank charges customers QR100 the first, QR150 for the second time, and QR300 for the third time and every instance thereafter. We also record such unfavourable activity and takes these factors into consideration while making a decision for account holders’ applications for loans or credit cards.”

Local newspapers have reported that a breakdown of the different types of cases that are tried at courts in Qatar, 16750 cases were of dishonoured cheques in 2012, versus the 23422 such cases tried in 2011. According to the Chief of the Supreme Judicial Council, Judge Masoud Mohamed Al Amiri, the total number of cheque-related complaints had dropped sharply in 2012. Cheques issued by people and businesses with insufficient funds in their accounts increased after the financial crisis in 2008, with the courts trying between 150 and 250 such cases every day.

The government tackled this issue by imposing a new regulation through the banking sector of restricting chequebooks only to account holders.

In addition to this, in 2011, the government also reactivated a special police cell that would examine complaints about cheques returned by banks due to insufficient funds in accounts.

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