[RBS] [BS/RBS list] cancelling checks in israel

[Shira and Dani Schijveschuurder]

Sorry for the delayed response!

I just wanted to clarify your email ..... you are only obligated to cover a
cancelled cheque if at the time that someone deposited the cheque into
their account, there wasnt enough money in your account to cover the
amount. This is to stop people from cancelling cheques for the sake of it.
But if when someone deposited the cheque there was theoretically enough in
your account to cover the cheque, then you would not have to honour the
cheque. I hope this helps!

On 24 October 2011 15:15, Marti Winston <grabniboritram at yahoo.com> wrote:

>
> Hi
> I went to the bank today to cancel a check I mailed 4 weeks ago to Har nof.
> I was told that it would cost me 17.50 nis to do this AND that
> I should know that if someone cashes my check even after it is cancelled,
> I am
> obligated to cover it!
> I told him I worte "deposit only" in Hebrew of course on the check
> He said I still would be obligated to cover the check
> So why bother cancelling any checks in the future if this is the case?
> Anyone else had similar experiences?
> Thanks
> Marti
>
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