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-   -   What is the bounce cheque n why it happens (https://www.askmehelpdesk.com/showthread.php?t=566574)

  • Mar 30, 2011, 05:16 AM
    komala_koms
    What is the bounce cheque n why it happens
  • Mar 30, 2011, 05:29 AM
    RickJ

    It means that when the check was presented to the bank, the funds were not there to cover it.
  • Mar 30, 2011, 06:33 AM
    pready

    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.
  • Mar 30, 2011, 06:55 AM
    RickJ
    Quote:

    Originally Posted by pready View Post
    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.

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