What is E-Cheque?
An E-Cheque is not different from a paper cheque. E-Cheque converts the paper to an electronic record for easier & faster transactions while maintaining all other features.
How is it different from paper cheques?
There is no difference between the paper and electronic cheque in terms of its usage and legal power. It only replaces the paper with an electronic record while maintain all its current features and functionalities.
Why use E-Cheque?
E-Cheques are safer and secure. It cannot be lost, stolen, or counterfeit.
How can I activate my account on E-Cheque App?
Visit the app store and download the E-Cheque App. You can activate your account by entering your ID details, select your banks, the corporate ID, and then key in the OTP you will receive on the registered mobile device.
Who is eligible to use E-Cheque?
Any customer having an IBAN in Bahrain is eligible. A customer can register an issuer of E-Cheque or a beneficiary receiving and depositing E-Cheques.
Can an E-Cheque be endorsed?
An E-Cheque is a negotiable instrument that can be endorsed. For the first phase of the service launch only Account Payee E-Cheques are supported.