Please wait...
GulfBase Live Support
- QIIB, Qatari Diar sign MoU to finance customers' plot purchase in Huzoom Lusail Project
- UDC wins accolades at Arabian Property Awards for Gewan Island
- Vodafone Qatar, KAIC sign strategic MoU to advance AI innovation
- GWC wins MEED 'Project of the Year' award
- Bahrain All Share Index closes lower
- KIPCO completes cash tender offers for 2026 & 2027 notes
- Doha Bank, Seviora Holdings forge strategic alliance; MoU inked to access new markets
- US rate cut hopes bolster QSE sentiments; M-cap adds QR1.82bn
- Egypt Signs Oil and Gas Exploration Deals Worth More than $121 Million
- Oman's oil exports exceed 178 million barrels
08/08/2017 05:42 AST
RAKBank on Monday said it will stop clearing cash cheques starting September 1 as part of efforts to protect customers from potential risk of fraud, the bank said in an email sent out to customers.
"At RAKBank, we are committed to delivering the most secure and convenient banking experience to our customers. With this objective in mind, please note that with effect from September 1, 2017, the bank will no longer accept cheques wherein the beneficiary name states Cash," the bank said.
Accordingly, cash cheques being presented through the Central Bank clearing system from September 1, 2017 will be returned for the reason "payee name differs".
"The revised process is in line with our commitment to ensure the best interests of both our customers and the bank by the elimination of any potential risk or fraud involved in the processing of cash cheques," Geoff Stecyk, Chief Operating Officer wrote in a mail addressed to customers.
The bank recommends its customers to register for digital banking services to facilitate quick and convenient processing banking transactions including funds transfer requests.
Gulfnews
22/04/2025
RAKBank's total assets increased by Dh12.2 billion, reflecting a growth of 15.5 per cent compared to the first quarter of 2024.
The National Bank of Ras Al Khaimah (RAKBank) on Monday annou
Khaleej Times
06/03/2018
Similarly, last year the Bank signed an agreement with Sharjah Electricity & Water Authority (SEWA) to facilitate the bill payment via its Digital Banking Platform for customers in Sharjah. The SEWA
CPI Financial
27/11/2017
RAKBank has announced the launch of its new savings deposit account called 'Recurring Deposits', that offers easy access to customers' funds, guaranteed principal, and the ability to earn up to 2.5 p
WAM
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | -0.20 (-0.05 |
| FAB | 16.52 | 0.08 (0.48 |
| EMIRATESNBD | 25.40 | 0.50 (2.00 |
| ADCB | 14.40 | 0.48 (3.44 |
| ADIB | 22.18 | 0.28 (1.27 |
15/09/2025
QIIB and Qatari Diar Real Estate Investment Company have signed a Memorandum of Understanding (MoU) aimed at enhancing co-operation in real estate development and financing, by enabling the bank to p
Gulf Times
15/09/2025
United Development Company (UDC), one of Qatar's leading real estate development firms and the master developer of The Pearl Island and Gewan Island, has been awarded two accolades at the 2025-2026 A
Gulf Times
15/09/2025
Vodafone Qatar and Khwarizmi Artificial Intelligence Centre Doha (KAIC) have signed a strategic memorandum of understanding (MoU), marking the beginning of a collaboration aimed at accelerating artif
Gulf Times
15/09/2025
Leading logistics services provider Gulf Warehousing Company has been named the 'National Winner for Qatar' in the wastewater treatment sector for its sewage water treatment plant in the GWC Bu Sulba
Gulf Times
15/09/2025
KIPCO - Kuwait Projects Company (Holding) - has successfully completed cash tender offers made to purchase in cash, any and all, of the $500 million 4.229 percent notes due on October 29, 2026 (2026
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia