Three bounced cheques can now freeze your access to credit for five years

According to new Central Bank guidelines, if you issue three cheques that bounce due to insufficient funds, you’ll be met with a five-year banking ban. The new rule, released in November 2025, is designed to curb the rising wave of dud cheques, cheques that bounce due to insufficient funds.

Customers classified as serial dud cheque issuers will lose access to the clearing system (a…