Q: I issued a post-dated cheque in favour of someone. Now, I would like to change my bank account to some other bank. Are there any legal issues in such cases? A: It will raise certain legal consequences as the issued cheque is still valid and once when submitted will be considered as bounced…

All cities, UAE

544

Issued cheques must be honored

I issued a post-dated cheque in favour of someone. Now, I would like to change my bank account to some other bank.

Are there any legal issues in such cases?

Zijad Hanic

Elnaggar & Partners

Chat

Hire

Meet

11 Sep 2018, 08:39

Dear Questioner,

It will raise certain legal consequences as the issued cheque is still valid and once when submitted will be considered as bounced, which is a criminal offence.

I advise you to exchange cheques with the concerned party.

Regards,

11 Sep 2018, 08:49

Thank you for your help.

11 Sep 2018, 08:50

You are welcome!

Was this content helpful?

Fixed-fee services

1 • View all

Get quotes from lawyers

Find the right lawyer for your legal needs. Submit your request and get multiple competitive offers from qualified lawyers.

Get quotes

Looking for something else?

Ask for advice from a lawyer

It’s free and anonymous

No registration needed

Ask a lawyer

Questions & Answers

Issued cheques must be honored