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View Full Version : What is the bounce cheque n why it happens


komala_koms
Mar 30, 2011, 05:16 AM

RickJ
Mar 30, 2011, 05:29 AM
It means that when the check was presented to the bank, the funds were not there to cover it.

pready
Mar 30, 2011, 06:33 AM
And to add to what RickJ said; the ckeck bounced back to you, which means the bank returned the check due to insufficient funds and you will have to pay a penalty due to trying to cash a check without enough funds for the check to clear.

RickJ
Mar 30, 2011, 06:55 AM
And to add to what RickJ said; the ckeck bounced back to you, which means the bank returned the check due to insufficient funds and you will have to pay a penalty due to trying to cash a check without enough funds for the check to clear.

I couldn't tell whether komala wrote the check that "bounced" or he was one that received a check that bounced.

Komala: if you give us more information, we might be able to help you further.