What are the reasons for dishonouring of the cheque

[Blessed19]

When the account of the drawer has insufficient funds
When the amount written on it in words and figures does not match to each other
When the signature on the cheque does not match to the specimen signature stored by the Bank

Just like you have stated a lot of reasons could be behind the check bouncing.
Most of the time the date also matters you cannot take a check to be cashed in on the 16th to the bank on the 30th it will bounce.

 

[cherry123]

We need to always check our cheques to avoid it getting dishonoured. the time and the date also matters you cannot take a check to be cashed in a wrong date

 

[Etini Willie]

Another thing that I have come to know that makes a cheque to be dishonored is using the wrong identity instrument. Every financial institution has the kind of person Identity that it requires for a cheque to be cleared.

 

[hastral45]

Yeah I think there's should always be a penalty for all this kind of issue. Because I know people purposely do this as they know that is no penalty for this crime

There is a penalty already when your cheque is dishonored. The account of the owner of the cheque or the presenter would be debited. If it later detected to be fraud, the perpetrator would be arrested by the police or EFCC as the case might be.

 

[Heatman]

When the account of the drawer has insufficient funds
When the amount written on it in words and figures does not match to each other
When the signature on the cheque does not match to the specimen signature stored by the Bank

This is one of the reason why I hate it when people make use of cheque to pay me for my business and in most cases I don't accept cheque payments. They usually gives issues.