if someone writes a check and it bounces do banks have to tell you it bounced?

Answer 1

Most banks give you a small loan (then charge you a killer fee) to have the check not bounce.

Say I write you a check and I don't have enough money in my account. You deposit it in your acct. My account shows a negative amount and the bank contacts me about it. The check clears for you and you don't know that I didn't have enough funds.

If the check writer's bank doesn't do that, then the check I wrote you would bounce and you AND I would get charged for it.

Answer 2

I was a teller for three years. The bank i worked for automatically made the first 750.00 of your deposit available the first day. So what happens is: you deposit the check and the next day the money clears. The bank then is verifying the funds from the other bank. If your friend doesn't not have the money in their account, your bank in turn takes bank the money they cleared for you and then charges you a fee. That is how you know the check bounces. The bank leaves it up to you to maintain your account, so they don't have to notify you if it bounces, If you don't check your account you might not know until after you've been charged the fee.

A good way to avoid this is to go to, or call the bank the check your friend wrote you is drawn on, and ask them if the check will clear if deposited: For instance i write you a check and my bank is wachovia, you go to wachovia and ask the teller if the check is any good. Be honest they will understand you don't want to get screwed from depositing a check that won't clear.

So in short the answer is no, they don't have to tell you a check you deposited has bounced. You have to do a little detective work, or trust the person who gave you the check.

Answer 3

yes

Answer 4

They'll notify you! Trust me on that!