bank takes back cleared check?

Question

How can my bank take back the exact amount of a check that I deposited and cleared. the next day after deposit, I withdrew the money, it was a personal check. I do not have overdraft protection. I did not have enough money in the account to cover the check if it was not good. so it did clear, or they would not of had the money in the account to pay me. Then why would they let me withdraw it. and now I am negitive the amount. there saying the check was insuficent. I am 44 yrs. old. whats going on. If this is proper precedure, lets all do this all day.

Answer 1

I doubt the check had actually cleared or your bank would not be charging you back. They probably gave you "conditional credit" as allowed by their deposit agreement with you. Remember that a check is a promise to pay. If the check writer to you doesn't have funds in his account; writes you a bad check; then the bank did not get the money for the check. Therefore they are entitled to debit your account back for the bad check. They will send/give the check to you and you will have to chase the person that gave you the check.

If it was for money or an item, not a debt, you might contact you local DA's office; they usually have a bad check clearing house for collecting just what happened to you. However, they have specific requirements for doing so.

You might be better served by taking the guy to small claims court.

Answer 2

Well, I had a bank hold a check for 13 days. And that was just a check out of state. A guess - wait at least a month. I certainly hope this is not a certified check. If so, consider yourself scammed.

Answer 3

If the check had insufficent funds ...that means the person who wrote the check is a deadbeat ...the bank won't get screwed by this if it is a personal check. you are out the money and it's between you and the deadbeat if you get your money back. Now you owe the bank and the deadbeat owes you. Live and learn and don't accept personal checks form now on.