NO MORE Post-dated cheques in Qatar
Post-dated cheques are to lose their legal cover in Qatar from May 13, according to a report on Sunday.
Up until May 12, any cheque presented to a bank in Qatar could not be cashed until the date specified. However, from May 13, any cheque will be cashed by the bank on the date it is deposited, according to a report in the Qatari daily newspaper The Peninsula.
Some lawyers, such as Mohamed Ahmed Al Ansari, said the country was not ready for do away with post-dated cheques and have called for an extension to the original law.
the whole article you can find here:
http://www.arabianbusiness.com/584174-post-dated-cheques-to-end-in-qatar...
we are also in the same boat ... too many people in the same boat , hopefully the boat still able to keep afloat not sinking ...
Sadly, I just renewed my house Contract in March and gave the house owner 12 post dated checks lasting till March 2011. So yeah, I'm in the same boat :(
so does most of people in Doha Olive, I am sure there are alot of people in the same boat with you.
From May onwards...its better to keep all your money at home..lol
Well I'm screwed.
literal people are scary, man, literal people scare me
out there trying to rid the world of its poetry while getting it wrong fundamentally down at the church of "look,it sez right here, see!" Ani Difranco
“The drawer may be prosecuted, convicted of a penal offence, fined between QR3,000 and QR10,000 or imprisoned for a period ranging between three months and three years,” a source said.
Be ready Olive !!! ;=)
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tEaCh Me RulEs I'lL tEaCh YoU hOw To BrEaK iT -rMs!
There's no way I'll have 6 months worth of rent in the bank by May 13th. I'll have 1 month and that's all he can have.
literal people are scary, man, literal people scare me
out there trying to rid the world of its poetry while getting it wrong fundamentally down at the church of "look,it sez right here, see!" Ani Difranco
Make sure only the right amount is there in your bank at the time and nothing extra. But then, bounced cheques also end up costing you money....
Well then I guess he'll be kicking us out. Cause he won't be getting the money. :P
literal people are scary, man, literal people scare me
out there trying to rid the world of its poetry while getting it wrong fundamentally down at the church of "look,it sez right here, see!" Ani Difranco
lol deepb ... I am just about to say that, you beat me to it ;)
basically it creates chaos to the bank staff members...
Em olive, you are the one who's going to be in an awful shock. He can cash all those cheques as soon as its May, even if they are dated for June,July,August etc....
So what's going to happen to the all the post-dated cheques I gave my landlord? He's going to be in for an awful shock if he tries to cash them. :S
literal people are scary, man, literal people scare me
out there trying to rid the world of its poetry while getting it wrong fundamentally down at the church of "look,it sez right here, see!" Ani Difranco
i guess the bank in Qatar will start to get more 'civilized' and introduce direct debit ?
Post-dated cheques are not used in the US as well I think. You could always set up an automatic debit system with the bank. But the way business dealings happen in Qatar, this is going to become a big mess.
no, but really, i am wondering, what's the problem? they don't know how to handle post-dated cheques? or what's their issue? and really, how tenants will be paying the rent? any clue?
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"What lies behind us and what lies before us are small compared to what lies within us."
Oliver Wendell Holmes
One of the worst law I ever saw in my life, really illogic, it is possible only a country like Qatar where there is no human rights.?!! You will not get legal protection also anymore for this issue.
The stupidity of this law shows how stupid the law-makers are.
and why is this nonsense?
what will happen to post-dated cheques given for rent 1 year in advance? how people in the future will rent their accommodation? NO post-dated cheques are required? Just pay monthly? Or landlord will deposit all 12 cheques at once?
*********************
"What lies behind us and what lies before us are small compared to what lies within us."
Oliver Wendell Holmes
i have a cheque with the date section empty.. it was basically left upto me to fill whenever i wanted.
will it be accepted if i write the date on it.. will a different hand-writing or colour of the ink matter?
Yeh, this has been passed last year and the date was 13 May or April '10 to enforce.
What will happen to Car Loan, Home deposit etc.
''Jha jaker aam insaan ki akal sochna band ker deti hey, Raana vha se sochna shuru kerta hey''
but thanks for the update.
Previous threads on QL
http://www.qatarliving.com/search?cx=008937172676595728955%3A066rihafv68&cof=FORID%3A11&Q=post+dated+cheque#1511
Regards!!