Manager checks are a convenient tool for transferring large sums, paying for real estate, and other transactions in the Emirates. However, improper use or disregard for the rules can lead to delays, misunderstandings, and even loss of money. Below, we’ll discuss the six main restrictions that should be strictly adhered to when using manager checks.
1. Never work with an unverified manager
Why it’s dangerous: Trusting just anyone can lead to problems. An unscrupulous intermediary may delay the transfer or disappear with your money altogether.
Rule: Choose only verified and licensed managers, study reviews, recommendations, and experience working with large sums.
2. Don’t issue a check without checking it carefully.
Why it’s dangerous: Even a small error in the recipient’s name, amount, or date invalidates the check and can delay payment.
Rule: Double-check all information several times, clarify any details with the manager, and, if necessary, scan or photograph the completed receipt for confirmation.
3. Don’t ignore fees and exchange rates
Why it’s dangerous: Failure to agree on a fee or rate means the recipient receives less than expected.
Rule: clarify all fees and fix the exchange rate in advance to avoid misunderstandings and unpleasant surprises.
4. Don’t trust verbal promises
Why it’s dangerous: Oral agreements have no legal force, and in the event of an error or dispute, it will be impossible to prove the transfer of funds.
Rule: Always ask for a receipt, electronic confirmation, or a scanned receipt with the manager’s signature—this will protect you and create official confirmation of the transaction.
5. Don’t delay checking the transfer status
Why it’s dangerous: Many people assume the process is complete once the check is deposited and don’t monitor the transfer status. This often leads to delays or problems that are difficult to resolve later.
Rule: verify each stage of the transfer, check whether the money has reached the recipient, and promptly respond to any possible errors.
6. Don’t break agreements and deadlines
Why it’s dangerous: If you don’t adhere to the terms agreed upon with your manager (such as delivery or confirmation deadlines), this can create misunderstandings and delays, especially for large amounts.
Rule: Strictly adhere to pre-agreed terms so that all parties understand when and how the stages of the deal should be completed.
Result
Working with manager checks is safe and convenient, but only if you follow the rules . The main thing is to check the manager, carefully prepare the check, take into account fees and the exchange rate, record all agreements, and monitor the transfer at every stage.
