Requests to Stop Payments Sample Clauses

Requests to Stop Payments. The Customer instructions to stop the payment of cheques issued by him/her/ it shall not be binding, unless such instructions fall within the scope of applicable laws and regulations in the UAE. 1.1- Warning and Legal Consequences applicable to Current Accounts: a. The Customer shall ensure that he/she writes and issues the cheques with the utmost prudence and care since dishonor of a cheque with a bad faith is a criminal offence under the laws of in the UAE. b. If four (4) or more cheques are returned due to insufficient fund in a year, this can lead to account closure and / or a negative report to Al Etihad Credit Bureau (AECB). c. The Customer shall ensure that he/she reports any unauthorized transactions to the Bank on his/her account within 30 business days from the date of sending the account statement and/or e-statement d. Safe custody of access tools to his/her account like Debit card, PINs, T-Pins, Cheques, Online/Mobile Banking usernames, passwords; other personal information, etc. is his/her responsibility. The Bank cannot be held responsible in case of a security lapse at his/her end. The Central Bank of UAE or Dubai Islamic Bank PJSC will never Call/ SMS/ Mail/ Email to ask for Customer’s confidential details and other sensitive information related to the Bank accounts. The Customer must be aware of this fact that sharing such information with anyone might cause financial fraud. Similarly, he/she must be cautious of phishing emails asking the Customer to click on link and for instance, change the password of his/ her bank account 2-