2007-05-11 03:29:15 · 7 answers · asked by akshay b 1 in Business & Finance ➔ Personal Finance
When you write a cheque, and when the other person tries to cash it, you don't have the money in your account.
2007-05-11 03:31:54 · answer #1 · answered by Anonymous · 1⤊ 1⤋
To actually answer you question, "cheque bouncing" or as we say in the USA "Check Bouncing, happens when a bank depositor writes checks for an amount more than he has in the bank.
In some cases, the bank covers the shortage and charges their customer to recover the funds.
If the check is bounced intentionally, it is treated as crdiminal fraud.
2007-05-11 10:35:44 · answer #2 · answered by Doc Hudson 7 · 0⤊ 0⤋
Its when you don't have money they send you checks made of rubber and you can throw them around and watch them bounce...
No really its when you write a check and when it goes through your bank account if there isnt enough money to cover it, it will bounce and they return the check to the business. The business where you wrote the check will contact you to take care of the problem you'll have to pay a returned check fee about 35 dollars and then you'll have to pay the bank a Insuficent funds fee about 30 dollars and restore your checking account balance.
2007-05-11 10:33:57 · answer #3 · answered by *Heather* 3 · 0⤊ 0⤋
Issuing a cheque when there are no funds to cover it.
2007-05-11 10:35:52 · answer #4 · answered by Tony A 6 · 0⤊ 0⤋
when there is not enough sufficient fund on the bank account related to the issued check
2007-05-11 10:33:34 · answer #5 · answered by NYC gal 2 · 0⤊ 1⤋
umm...when u write a check and you don't have the money in your account & the CHECK BOUNCES....LOL...so don't write a check if you do not have sufficiant funds to cover it!
2007-05-11 10:32:21 · answer #6 · answered by CRYSTAL S 6 · 0⤊ 1⤋
something expensive, stupid and could land you in jail!
2007-05-11 10:31:46 · answer #7 · answered by tennessee 7 · 1⤊ 2⤋