2007-02-21 08:47:59 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
Well alot depends on your history with the banking institution. My husband and I rarely write a check with insufficient funds and we have a savings account so generally they have always just went ahead and paid it and charged us $20-$30. We actually have a policy now where if there are insufficient funds they charge the excess to a credit card. That way we still take a little hit but it's only like $9.
If you don't have savings or are relatively young and new to them they may return the check. In that case they charge you the $20-$30 fee and the places that got the returned checks also start to hunt you down for their money plus $20-$30 in fees. If you take care of everybody in a very timely manner they may not report it to the credit agencies!
2007-02-21 08:54:50 · answer #1 · answered by psycho-cook 4 · 0⤊ 0⤋
It bounces and the bank will charge you fees.
2007-02-21 17:14:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋