Can bouncing checks hurt another account in a defferent bank?

Question

My parents share an account at Bank "A" but my mother opened a 2nd account in Bank "B" under only her name so her son could deposit his checks in there (he owes taxes and child support - SHAME SHAME) and my mom has bounced 2 checks in the passed month in that account. Can this affect the account my mother shares with my father? And if yes, how? Any help would be great!

Answer 1

It should because it shows up on her credit report and that is tied to your SS#. All accounts are tied to your SS# (if you are an illegal immigrant or some business entity the acount is tied to your TIN#). People I know have been banned from opening new accounts because of bounced checks in other accounts with other banks.

Answer 2

Yes, when this catches up to your mother's credit rating and the other bank gets wind of it, they can either force closure of the account or inform your father that he has to become the sole account holder.

I don't think 2 bounced checks is quite enough, but it doesn't take too many. It's a little bit like with speeding tickets, 1 or 2 is usually ok but more than that and things start to take a turn for the worse.

Because once it gets to a point, the county has all the evidence they need to prove your mother is a habitual bad check writer, and bouncing a check is against the law. Now I'm not saying they will throw her in jail, but I am saying that one way or the other, the check bouncing has to stop because we all make mistakes but it is also a serious criminal offense.

Your mother needs to make sure that before she writes a check, the money was deposited in the account at least 5 days prior, and that there is enough money in the account to cover the check.
If she can not do this, then perhaps a debit card or a prepaid credit card may be better options, and some folks firmly believe in cash only and that is also acceptable.

Because otherwise your parents will never see the end of the $25-$35 convenience fees.

Answer 3

I am afraid it will because along with calculating your credits they will add these kind of incidents too. I think you need to have a clean account for at least 6 months to a year to clear that up. I don't know and most probably the bank wont tell either but if you are lucky someone in the financial sector will tell when it will ease but I am more than sure too much check bouncing will hurt mostly.

Answer 4

I think this will affect theaccount as long as your mother's name is on it also creditwise. I think that two bounced checks is not quite enough to totally destroy someone's credit, but will definitely show up in the future. The account your parent's share is not in danger of being closed, but the account she bounces checks from will be. She will end up not being able to open her own account anywhere.

Answer 5

Bounce too many checks and your name gets put in a system that is linked to your social security number, and drivers license. This prevents people from writing bad checks at bank after bank! If your mom's name gets in ChexSystem, and her name is on the account she shares with your dad - he may lose his check writing privileges as well.

Answer 6

i'm assuming your father doesn't know about this account and you're asking if they will take the money from Bank B to cover the bounced checks... the answer is NO, but look out for overdraft notices from bank coming in the mail if she doesn't want him to know about the account.

Answer 7

they desire to work out your economic business enterprise and price savings bills because of the fact they only could pay JSA in case you have below £sixteen,000 in 'fee savings' (and JSA is 'decreased' in case you have over £8,000). in case you refuse to tutor them, they'll assume you're hiding money OR hiding popular earnings (which factors to you having a job) and stop your JSA .. they don't care what you spend the JSA on = it fairly is meant to be for 'residing expenditures' & which could be especially much something ..