How to Check if a Cheque Might Bounce

Last Updated on July 10, 2024 by Vadim

Learn how to use Al Etihad Credit Bureau’s (AECB) Cheque Score service to assess the risk of receiving a bad cheque in the UAE. This guide covers online and mobile app methods for checking cheque reliability.

What is Cheque Score?

  • A risk assessment service by AECB
  • Indicates the likelihood of a cheque bouncing within 9 months
  • Available for cheques issued by UAE banks

How to Get a Cheque Score

Via Website (etihadbureau.ae):

  1. Visit etihadbureau.ae
  2. Select ‘Cheque Score’ under ‘Products’
  3. Sign up or log in
  4. Enter cheque details
  5. Pay Dh10.50 for the report

Via Mobile App (Chequescore):

  1. Download the Chequescore app
  2. Register or log in
  3. Scan cheque or enter details manually
  4. Pay Dh10.50 for the report

What Does the Cheque Score Report from AECB Include?

  1. Cheque details snapshot
  2. Probability of the cheque bouncing (low, medium, high)
  3. Issuer insights:
    • Percentage of bounced cheques in past 24 months
    • Finance-related court cases (Dubai and Ras Al Khaimah courts)

How is Cheque Score (AECB) Calculated?

AECB uses a complex algorithm based on:

  • Cheque information
  • Issuer’s credit profile
  • Comparative data from UAE credit histories

Cost

Dh10.50 per cheque (VAT not included)

In our latest blog article, we cover several key topics related to banking in the UAE. For those looking to stay updated on the latest banking regulations and practices, here are some essential reads:

  1. UAE KYC Update: How to Update Your Emirates ID with Your Bank
  2. 12 Essential Mortgage Questions to Ask Before Buying UAE Property
  3. How to File an Insurance Complaint in the UAE
  4. Can You Leave the UAE with an Ongoing Loan?
  5. UAE’s New ‘Aani’ Platform: Instant Money Transfers Using Mobile Numbers