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Old 03-17-2012, 07:05 AM   #1 (permalink)
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Default What happens if you cash a check that bounces?

What happens if you cash a check for $3000 dollars and there are insufficient funds in the persons bank account who wrote the cash.

1) Would the check still go through, and the person cashing it still get paid?

2) Will the bank know its a bad check before they cash it?



3)Are there a lot of fees when this happens?
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Old 03-17-2012, 07:05 AM   #2 (permalink)
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Default What happens if you cash a check that bounces?

3. There are a bunch of fees when this happens.

2. Banks run the checks all at once, they wouldn't know the check was bad until later that day. Possibly, as much as a week later. This is why they have disclaimers and waiting periods before a check "clears."

1. There might be a waiting period before those funds have cleared.
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