An Emirati man who deposited a cheque with a bank in Abu Dhabi in 2009 has just found out that the cheque bounced and has demanded compensation.
Khalid Al Marzouki said he was handed back his cheque for Dh42,500 by Abu Dhabi Commercial Bank (ADCB) in July, nearly four years after he deposited it.
ADCB countered this by saying it had been trying to contact Marzouki all that time without any response.
Marzouki said he was given the cheque by a company he was dealing with it before finding out this year that it had shut and the cheque was not cashed.
“The bank did not notify me that the cheque bounced. It must bear responsibility and compensate me for the sum or it has to prove it has tried to contact me,” he said, quoted by the Arabic language daily Emarat Al Youm.
ADCB affirmed that it had “used all possible means” to contact Marzouki for three months towards the end of 2009 and early 2010 on contact numbers in his bank records. The bank said it had also sent him periodic account statements showing that the cheque has not been cashed.
“ADCB also said it had sent the cheque to the client on his post address shown in his account but it was returned to the bank after the client did not collect it “The client also did not follow up the cheque deposit for more than three years before he visited one ADCB branch in July and asked about the cheque,” it said.