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  • BC-5.3 BC-5.3 Penalty Charges on Dishonoured Cheques

    • BC-5.3.1

      The CBB will impose penalty charges of BD 7 on each returned cheque for the reasons of 'Insufficient Funds', 'Refer to Drawer', 'Not Arranged For', 'Present the cheque again', and 'Account Closed'. Individual banks will continue to be informed daily of any charges accruing to their accounts. The respective accounts will be debited on the same day.

      Amended: July 2017
      Amended: October 2013
      Amended: January 2011
      October 07

    • BC-5.3.2

      [This paragraph was deleted in April 2018].

      Deleted: April 2018
      Amended: October 2013
      October 07