Dishounour fee
Prakash Nair
(Querist) 25 October 2011
This query is : Resolved
Hello,
There was a cheque issued to a credit card company. Funds were available in the a/c, however forgot to sign the cheque. The CC company send the cheque to my bank and they both have charged me with payment dishonor fee.
The cheque should at first instance not be sent to the bank for clearance as there was no signature by the CC company. The cheque would never clear.
Shouldn't this cheque be considered as non payment only.
Shonee Kapoor
(Expert) 25 October 2011
Repeated query,
You would need to pay bouncing charges as well.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
ajay sethi
(Expert) 25 October 2011
why are you agitated for partly amount ? pay the fee and rest in peace . you failed to sign the cheque it was your negligence
Raj Kumar Makkad
(Expert) 25 October 2011
it is your fault. Bank sending cheque for collection is not concerned with particulars mentioned thereon so your presumption is wrong and you have rightly been treated.
Guest
(Expert) 26 October 2011
Dear Prakash,
I have already replied your query on your original post. However, the same is repeated here also for your information:
Instead of finding fault with the cc company, the drawer of cheque, himself, should check before posting in the drop box that there should not remain any discrepancy in the cheque.
In fact, some persons are in the habit of issuing cheque without signature just to postpone payment so that there cheque should not get bounced on account of non-availability of funds and they keep track of the cheque when that comes to the bank for clearance. If funds are available by that date they just sign before the banker to complete the transaction. But, when they are not able to provide funds by the date of payment they prefer to get the cheque returned on account of being not signed, as that offence is much less serious than the dishonour of cheque on account of shortage of funds.
Prakash Nair
(Querist) 26 October 2011
Ty for the information all, especially to Mr. PS DHINGRA for such detailed information.
Guest
(Expert) 26 October 2011
Dear Prakash,
If you had been a good paymaster for your crdit card dues in the past, the Credit Card company can waive off the penalty on request even on phone. Better try to do that. Of course the bank will not waive off the penalty of cheque dishonour.
