The amount that banks are obliged to pay for bounced check has been determined.
The Amendment to the Regulation (No: 2023/3) on Determining the Amount for which Banks are Liable to Pay for Dishonored Checks and the Format of Checkbooks, which amends the Regulation (No: 2010/2), was published in the Official Gazette on 28/1/2023. According to the regulation, as of 31/1/2023, the amount for which the bank is liable ...continue