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Once the value of a foreign cheque has reached my account, can it still be dishonoured?

April 26, 2017Cheque dishonoured foreign my account value

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Once the value of a foreign cheque has reached my account, can it still be dishonoured?

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Foreign cheques processed by negotiation have the value of the cheque shown in your account balance, but are not available for withdrawal. When foreign cheques processed by negotiation are dishonoured, the value of the cheque at the time of dishonour will be removed from your account. This may be more or less than the value of the uncleared funds originally deposited to your account.