Bounced check?

Question

Hi,

I depostied two checks one for $202 and one for $215 they just bounced. I had already paid bills with these funds.. so once they take the money back I will be negative $426. How does a bank handle this? I am guessing it is my responsibility to bring the account current? Do they go after the person that bounced the check since it is against the law to bounce a check? Or would that be my responsibility to report the person??

It will take me a few weeks to pay back the $426 if I cant get the money right away from the person that wrote the check.. can the bank do anything to me since it is going to take me awhile to pay back the funds?

Answer 1

you wont need o pay the bank back anything for the $426 as they are going to bounce all your checks thain you will owe all your bounced check fees as well as the bounced check charges to the places you just bounced checks to

call the bank work out a deal quick to cover your checks as they are going to bounce now

do not colect the money just yet for the 2 checks as you will need to take them to small clames court asthey are responcible for all your bounced check fees as well and all the bank charges you dont need a layer but you may want to talk to one if they offer a free consaltation

Answer 2

It is your responsibility to bring your account current. You can try to go after the person who wrote you the checks, but good luck collecting on them. Most District Attorney's or State Attorney's offices have a "bad check" program, where you can report these offenders. Check with yours to find out if such a program exists.

While it is against the law to write a bad check, many states have a "knowing" requirement, which means you have to actually KNOW that you don't have sufficient funds to cover the check. It's possible that this is due to a bank error, but it's more likely, considering the amounts of the bounced checks, that the person knew they were bad. Because of the high volume of this kind of crime, you need to bring it to someone's attention, as the bank/law enforcement will not likely initiate an action on their own. If you report them, then action is more likely to be taken.

If you're truly in a bad bind, talk to your bank. They may not help you, but it never hurts to ask. If you're a loyal customer with a good banking history (i.e. no other overdrafts, etc.), point that out. They may be more willing to help you. Does your account have overdraft protection? If so, see if this can assist you. If not, ask about what it would take to have that.

In the future, if you receive a check from someone that you suspect might bounce, take it to their bank (the bank the check is written on), and cash it at the counter. If there is insufficient funds in the account to cover the check, the bank can let you know immediately. If the check is good, you can deposit the cash in your own account. If not...you haven't suffered any harm since you found out right away.

I hope this helps...

Answer 3

The bank can go after the person who wrote the bad check because the bank is (until it gives you the hot check) a holder in due course of the check, entitled as such to enforce the check against anyone who signed it. You probably signed the check (on the back) when you deposited it, which is enough for the bank to collect from you, too. And your account agreement with the bank almost certainly obligates you to make the balance good. Unless it's a really really big check, or you are a really really good customer, the bank will not bother pursuing the person who wrote the bad check and leave it to your good self to chase the bad guy.

If you do not bring the account into balance, the bank can trash your credit rating and it can sue you. It probably has the right under the account agreement to suspend or close your account.

Answer 4

Find out if the
checks you wrote have been cashed, if not put a stop payment on them immediately. Call your bank and explain what happened, they may be able to give you a temp. overdraft protection, yes you need to first write a certified letter and call the person(s) who's checks were bad and give then a time limit to correct the bad checks or you will report it to the state police. I would say 2 days is fair, also demand that they pay for your bounced check fee's

Answer 5

Its all on you. They will deny any responsibility in the matter and tell you that you should know who your taking a check from and thats its good before deposting same. They will charge you a refused check fee which will over draw your already over drawn account and then charge you over draft fees for each transaction that lowers the balance such as the checks you wrote against the money, and each of their bounced check charges. You should get the monies owed to you from the check writer(s) plus the amount of the over draft and bouced check fees for each bad check. This you can take to small claims court if you need to. From those people fro now on only accept cold hard cash.

Answer 6

You will get further into the hole if they keep trying to process the checks. You need to make sure that you tell them not to. You will be charged a fee every time the run it. And you need to contact the persons bank and tell them also. Their bank will go after them.

Answer 7

They'll charge you some fees for unsufficient funds, and you better call them and explain the situation, but you owe more money than you think after all the bank charges

Answer 8

I would go talk to the bank ASAP....Might help Don't call...go