16. Unpaid Cheques

The Account Holder is responsible for any cheques, whether in Sterling or foreign currency, that are returned unpaid. The Bank reserves the right to debit the Account of the Account Holder with the full amount of any cheque returned unpaid, including any costs and reasonable charges associated with such return. If the Account of the Account Holder has been closed or there are insufficient cleared funds available for such debit, the Bank shall be indemnified by the Account Holder and has the right to repayment of the full value of the cheque from the Account Holder, together with any costs and charges, including any legal costs.

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