Reference to SAMA Circular No. BCI/9 dated 7/01/1424H, attached with the Slip of Dishonored Cheque form for the certified cheque to be used.

We would like to inform you that SAMA has re-examined the terms of the Slip of Dishonored Cheque form that was communicated to the banks through the aforementioned circular. This was done in collaboration with the Banking Operations Committee, the Commercial Papers Committee, and the Legal Department of the Ministry of Commerce and Industry. As a result, some amendments have been made.

So, we attach a copy of the new form for Slip of Dishonored Cheque, that should be applied and used by the branches of SAMA and the operating banks in the Kingdom, which should be attached when returning the cheque to the clearing house or to the customer submitting the cheque, for each cheque individually. We would also like to point out that the responsibility of verifying the legitimacy of the cheques submitted to the banks, including the verification of valid legal authorizations, inheritance papers, guardianship and custody documents, identity verification documents, account registration documents, and preservation of such documents, lies entirely with the banks before submitting the cheques to the clearinghouse. The banks also bear the responsibility for any violations that may arise thereafter.

Therefore, we hope to adopt and implement it on your official documents starting from 01/01/1430H. and notify SAMA (Banking Inspection Department) with a copy of the actions taken.