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2007-01-03 20:00:30 · 10 answers · asked by Anonymous in Business & Finance Credit

10 answers

It means that the balance or money left in your account is not sufficient/short to cover the check that you issued.

For example: You issued a check for $200, when your account only has $100, it will be automatically considered bounced.

Some banks call their customers to deposit the necessary amount so the check can be honored, plus the service charge (for NSF (no sufficient fund) check). Otherwise, you may be charged with estafa, as bounced or NSF checks are automatic ground for estafa.

2007-01-03 20:45:27 · answer #1 · answered by jocjac 2 · 0 0

The cheque is said to bouced back when you send a check to your bank and the bank decline payment for some reason.

Some Possible Reasons or Bouncing a Cheque:
1. You don't have enough money in your bank account
2. You Entered a date that is not yet in or worng.
3. You entered the payees name incorrect
4. You over-wrote on the cheque and forgot to sign it
5. The amount entered in words and figures differes.
6. You forgot to sign the check or your signature is worng.

2007-01-03 20:15:33 · answer #2 · answered by Anonymous · 0 0

I think Bounce a cheque means sometimes u issue a cheque to someone but in your account don't have enough balance against that cheque then banker return that cheque to the concerned person that is one you get a cheque from you.

2007-01-03 22:09:54 · answer #3 · answered by Azeem 1 · 0 0

there are several reasons for this:
1. You dont have enough money to cover the amount written on the cheque
2. The person doesnt really have an account. (the one who owns the cheque)
3. Uhm..... incorrect informations on the cheque

2007-01-03 20:08:07 · answer #4 · answered by Aira 2 · 0 0

It means that you wrote a check (cheque) for an amount that was more than the funds you had available in your bank account.

For example, writing a check for $100 when you only have $99 in your account.

2007-01-03 20:04:40 · answer #5 · answered by Vanessa O 2 · 0 0

It means there is no enough money in your account to honour the cheque you have written to pay for goods or services. In some countries, Iam told, such as UAE, it is considered a criminal case. In many western countries its an "offence" and different banks have different methods and rules of dealing with such act.

2007-01-03 20:20:02 · answer #6 · answered by Ebby 6 · 0 0

Bounce a check means a debtor using check as payment of obligation but has no fund in the bank wherein to encash the check and was unable to fund it for a day of two. It will be a ground for criminal action. It is unpaid financial obligation wherein one will incarcerate himself if left unattended.

2007-01-03 21:06:25 · answer #7 · answered by wilma m 6 · 0 0

You wrote a check and you didn't have money in your account to cover it. It "bounced" when the person you gave it to tried to cash it in.

2007-01-03 20:06:47 · answer #8 · answered by Anonymous · 0 0

it means that you don't have enough money in the bank to cover the check you wrote so it has bounced.

2007-01-03 20:03:37 · answer #9 · answered by ken s 6 · 0 0

it means that the check is written for more than is in the givers account. it usually results in a fee and an angry receiver.

2007-01-03 20:04:56 · answer #10 · answered by bezelthai 2 · 0 0

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