so I got a thing in the mail about a check that bounced. What is the next step in what I need to do? The bank already collected a fee and I deposited money in it .I made an error in my ledger. Do i have to go to the place that the check bounced at? i want to get it cleared before anything more happens.
2007-09-14 12:37:12 · 9 answers · asked by kasia8706 3 in Business & Finance ➔ Credit
You still owe for what your check bounced on. So yes, I would go to them, and this time take cash.
The above is true unless you have an automatic loan to cover the check, in which case you did not bounce the check, but got an expensive loan at the higher rate of interest. That is a better outcome than actually writing a hot check.
This is my help from Washington, D.C. USA.
2007-09-14 12:46:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You actually SHOULD NOT issue them another check or any other form of payment until you have recieved the original check first. The original check is still legal and can still be collected on. Contact the company and let them know what happened and then give them some options... They can either return the check to you and you will pay in another form, ie cash money order etc, or they can send the check back through your bank.
2007-09-14 12:47:20 · answer #2 · answered by OhiosGirl 4 · 0⤊ 0⤋
Call the bank and ask if the check was presented again (business sent check back through your account) and if it cleared. If so, you are done. If not call or visit the business to replace the check with cash or cashiers check or card payment if available. Make sure they are in possession of and willing to return the check to you upon payment. Most businesses have a fee for returned checks, and it's easier to get this waived if you appear in person. Most states have laws against writing bad checks and your business has the right to turn it over to the sheriff for prosecution, so be nice....
2007-09-14 13:03:52 · answer #3 · answered by Morgan M 5 · 0⤊ 0⤋
You have to deposit a lot more money to your checking account so that your check will not bounce one more time. You have to send a "sorry letter" to the business that you issue a check that bounced for formality.
2007-09-14 12:47:01 · answer #4 · answered by earth angel 4 · 0⤊ 0⤋
I labored for a corporation that bounced over 6 paychecks for the total corporation in a twelve months. It have been given to the factor the place no monetary corporation interior the area might touch their exams anymore. What you're able to do relies upon on how lots you pick for to maintain working at your corporation. confident you will desire to sue them, yet they'd hearth you in case you do. This become the dilema confronted via me and my co-workers because of the fact the job marked in upstate Vermont wasn't very sturdy on the time. every person providing you with a foul examine has committed examine fraud, that's a offender offence, no longer in basic terms a civil one, so which you will bypass suitable to the community police station in case you pick for, do exactly no longer assume to return to artwork or get a reference as quickly as you do. eb
2017-01-02 05:18:51 · answer #5 · answered by bunkley 3 · 0⤊ 0⤋
If you and the bank are straight, then issue another check to the people as payment, and send a short note of explanation and apology.
2007-09-14 12:44:54 · answer #6 · answered by Beau R 7 · 1⤊ 0⤋
I'm sure they would be elated if you brought some cash, you have to get the money to them, another thing is that they will ding you for more cash because their bank dinged them.
God bless.
2007-09-14 12:49:49 · answer #7 · answered by luvspace 4 · 0⤊ 0⤋
nope, nothin to do except keep a "blind" balance in your account. an extra 50.00 and dont put it in your ledger.
overdraft "protection" is a racket, the fee is wayyy too high .
2007-09-14 12:58:41 · answer #8 · answered by Anonymous · 0⤊ 0⤋
go to store and pay for it. make it right.
2007-09-14 12:45:03 · answer #9 · answered by just hanging around 5 · 0⤊ 0⤋