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I recently ran into big penalties for submitting a check to my bank that bounced. The issuer gave me another check, but this time I would like to confirm it will not bounce before I try to submit it and get penalized again.

2007-07-03 02:20:17 · 12 answers · asked by Anonymous in Business & Finance Other - Business & Finance

12 answers

Take it to the bank where the person has the account, and ask if there is sufficient funds to cover it. If there is, great - get your money while you can!

If there isn't, and there is a substantial amount of money involved in the check, try to find out how much the account is short by. You may want to deposit that amount of money to get the amount of your check back. For example - if the check is for $2000, and the account has $1800, you can deposit $200 so that you get most of your money back. In the long run, it might be cheaper to do this than pay the fees, chase around trying to get the money from the person that wrote the check, etc. And you'll know that they are not worth dealing with any more.

2007-07-03 02:30:29 · answer #1 · answered by Ralfcoder 7 · 0 0

Inform the person to arrange for the funds and you will be depositing the cheque for the second and last time and thereafter if the cheque bounced again send legal notice to refund the amount with your lawyer fee and other expenses within a stipulated period. If your request is not honoured even after giving sufficient oportunities then file a case in a court under Negotiable instrument act which is a criminal case.

2016-04-01 05:14:21 · answer #2 · answered by Anonymous · 0 0

You should have charged the issuer for the penalties. OR
Have that person only pay you with cashier check or money order.
Call or go to the bank to check if it will clear,
And always keep your check book balanced

2007-07-03 02:36:36 · answer #3 · answered by lana s 7 · 0 0

if you call their bank and check for sufficient funds they will tell you whether or not it will clear at that moment they cannot know if that person has written more checks than they have money for so you still run the risk of a bounced check it's just not as likely.

2007-07-03 02:32:55 · answer #4 · answered by Petra 5 · 0 0

Make sure you have enough money in the bank for the check to clear. If you have to confirm it, print out a current statement from online if you have the ability...if not you can go to the bank and get a current statement.

2007-07-03 02:28:04 · answer #5 · answered by Melissa 1 · 0 2

Try calling the bank of the issued check. They may or may not give you the information.

2007-07-03 02:25:03 · answer #6 · answered by hirebookkeeper 6 · 0 0

Call the bank that issued it. Or better yet, go to the bank that issued it, and try to cash it. If there aren't enough funds, they will just tell you, and you aren't penalized.

2007-07-03 02:27:15 · answer #7 · answered by hottotrot1_usa 7 · 0 0

Ask your bank if they can check for sufficient funds before you deposit it. Or, give the check back and ask for a money order. Burned once... don't get burned again.

2007-07-03 02:24:37 · answer #8 · answered by Mama 3 · 1 0

Your bank can check,too see if the check is good,they can also hold it until it clears. Then let you know when it clears.

2007-07-03 02:25:39 · answer #9 · answered by 2Bad4U 3 · 0 0

The only way that a cheque wont bounce is if you have enough money in the account!

2007-07-03 02:28:25 · answer #10 · answered by Anonymous · 0 3

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