Post dating a cheque in uk
Speaking at the Forum, he praised the release of more than 290 Emiratis debtors from prison and the expansion of the jurisdiction at DIFC Courts, but said more needs to be done to bring the UAE in line with payment methods in international markets.
“There needs to be a shift to moving away from the use of security cheques, which are commonly used in Dubai to secure business transactions.
The UAE has introduced several measures aimed at reducing the Gulf state’s reliance on post-dated cheques.
The central bank last year rolled out a set of rules aimed at limiting loans to individuals and capping banking fees in the country.
You are potentially liable to criminal fines and banned from being able to use write a cheque for up to five years.You may find that you are asked to provide proof of identity.