AECB Website: UAE: Instantly Know The Possibility Of A Check Bounce

AECB Website: UAE: Instantly Know The Possibility Of A Check Bounce
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In the UAE, the possibility of a check bounce has been introduced. UAE residents and business people can visit the Al Etihad Credit Bureau (AECB) website to learn about the potential of check bouncing. AECB can collect credit information of individuals and companies from financial and non-financial institutions in the UAE.  So businesses and individuals in the UAE can now instantly know how much a check issued by a UAE-based bank will bounce on the web portal.

Once users have registered on the AECB website, they can scan a check, upload an image, or enter data manually. The check score, in effect, helps to reduce the number of bounced checks and stimulate financial accountability.

In February 2022, the Al Etihad Credit Bureau launched a mobile application that allowed users to instantly assess the risks of check bouncing. Since its launch in February, Check Score’s mobile app downloads have grown to 21,532 in one month. The total value of all the scanned checks is 815 million dirhams.

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