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If a bank receives a cheque that it would normally dishonour, such as there being insufficient funds in an account on which it is drawn, the manager may as a courtesy contact the customer to advise them of the situation to allow them to rectify the situation promptly to avoid a cheque being dishonoured.
Crossed Cheques Chapter XV Sections 132 – 133 Bill in Sets Chapter XVI Sections 134 – 137 International Law Chapter XVII Sections 138 – 148 Penalties in Case of Dishonour of Certain Cheques for Insufficiency of Funds in the Accounts
Sometimes the cheque fraud comes from an employee of the bank itself, as was the case with Suzette A. Brock, who was convicted of theft for writing five corporate cheques to her own birth name from her desk as a loan servicing agent for Banner Bank of Walla Walla, WA.
The rights to payment are not subject to set-off, and do not rely on the validity of the underlying contract giving rise to the debt [1] (for example if a cheque was drawn for payment for goods delivered but defective, the drawer is still liable on the cheque).
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Fraudsters have altered cheques to change the name (in order to deposit cheques intended for payment to someone else) or the amount on the face of cheques, simple altering can change $100.00 into $100,000.00. (However, transactions for such large values are routinely investigated as a matter of policy to prevent fraud.)
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