Hi, is it only me or are some of you experienceing bouncing of cheques of Stachart bank. I handle a number of clients who pay by cheque and from what I see, many stanchart bank cheques are returned unpaid as compared to other chqs from other banks, some clients claim they are yet to get explanations. Could it be that stanchart wants to just make commisions from the bounced chqs. I hear they charge upto kshs 2,700/- for a client whose chq bounces. I am not a client of stachart but at least my banks calls me whenevr they note a problem with the chq I issued to enable me go to the bank and correct as may be the case.

....there are usually some computer printed codes at the back of the chqs......I dont know if those explain reasons. But generally, too many stanchart banck chqs are returned unpaid....kwani what is it they are lloking for than other banks....

Code 63 refers to insufficient funds, 30 - suspected criminal activity

Stanchart experienced some "system problem" a couple of times in the recent past. This resulted in loss of recent ammendments on the customer accounts. I knew this from my statements that indicated jumbled up standing orders.

Else, on the cheques issues, I've not heard of any similar cases elsewhere. BTW: The charge attracted by bouncing cheques is 3500/=

http://www.standardchart...ees%20and%20Charges.pdf