Settlement of a Returned Check
This page exists in Arabic only at the source.
Service Description:
Verifying documents related to settling a returned check for customers in accordance with the requirements of the decisions of the Monetary and Credit Council.
Service Documents:
- Form No. 3: Number of Copies: One copy signed and stamped with the bank’s seal.
- Copy of ID or duly certified copy of the power of attorney for natural persons, or authorization letter for juridical persons.
- Copy of the client's account statement with the relevant bank, showing how to pay the returned check or a notarized settlement agreement according to Form No. 4.
- Special requests.
- Form No. 4: One copy signed and stamped with the bank’s seal.
Service Classifications:
1. Businesses
2. Governmental bodies
Implementation Rate in Days:
10 working days.