Returned checks overview

A returned check is a check, the Bank no honor. If you are writer check box, this means that your bank does not pay the person or the company you wrote the check box. If you receive the cheque, a returned check is a check, you are not paid. We go over the basics of returned checks and what to do if you have one.

Returned checks are checks that the check writer Bank denies. There are a variety of causes for returned checks, including: insufficient funds in the account a stop payment on the check that is too old to examine honour was incorrectly written order banks process transactions such as banks and companies faster, reviewed more and more are expected to returned checks. It is becoming increasingly difficult, "float play" and hope that the funds will be on your account, before your cheque is deposited.

If you write returned checks, you are setting of their own problems. You end up paying much fees, you lose the ability to write checks in the future, you risk legal problems and your credit card can suffer.

If you have received returned cheques as a merchant, you can still try to collect the money. They should try, contact the check writer and request that they send you the money - it may have been an honest mistake.

If the check writer not good on the returned make, you need to use stronger tactics. Each State has to handle various laws to the returned checks, penalties and dollar limits. Please contact your bank or your local District Attorney's Office, instructions for using a returned cheque.