topic Re: Check bouncing in Community Chat

Check bouncing

julies — Thu, 29 May 2014 00:21:45 GMT

Can't find the answer online and my bank is closed ----- who gets charged a fee-- the writer or the casher? Or both?

Re: Check bouncing

Passion Flower — Thu, 29 May 2014 00:22:45 GMT

Both usually.

Re: Check bouncing

RainyDayGal — Thu, 29 May 2014 00:33:08 GMT

I don't see how the person cashing the check can be charged, they didn't know it was a bad check. Certainly the person writing the check. And depending on who it's written to the store may have an amount they charge plus the bank fee.

I had someone write me a bad check many years ago and I was notified the check didn't clear, I wasn't charged anything because of it.

Re: Check bouncing

Passion Flower — Thu, 29 May 2014 00:37:10 GMT

I think times have changed. I was charged for cashing a bad check as was the one who wrote it.

Re: Check bouncing

kootie — Thu, 29 May 2014 01:27:00 GMT

There is a small processing fee for a returned check at the bank where I work.

If you account is in good standing, and you dont deposit many bad checks, the fee can be waved.

Re: Check bouncing

maryebrown_1 — Thu, 29 May 2014 01:27:54 GMT

Unless times have changed, both get charged. It's between $35 to $50 here for the writer, and if you deposit the check, you can get a "charge-back fee" (around $10). This happened to me w/ my Payroll check from my Boss, 10 years ago. Turns out HIS WIFE wrote a check on the payroll account (which she was a cosigner on) to pay HER employees! Well, I told the Office MGR. about it, and that was THE LAST TIME the wife signed any of his Business checks!

Re: Check bouncing

Lynnj — Thu, 29 May 2014 01:29:56 GMT

Both, and the worst part is that often the company that you wrote the check to will also charge you a fee. So you get dinged twice. Do you have overdraft protection on your checking account? It's usually tied to your credit card. Instead of a check bouncing, funds will be advanced from your credit card to pay the check. Then you are charged an overdraft fee from the bank, and also your credit card will charge cash advance fees. But...it will keep you,in good standing with whomever you wrote the check to, plus they won't charge any type of check bounce fee because technically, to them, the check didn't bounce.

Re: Check bouncing

Shorty2U — Thu, 29 May 2014 02:40:26 GMT

I never bounced a check or received a bounced check but I think its SO wrong to charge the receiver of the check! How the heck are they supposed to know the person wrote a bad check until its cashed? But it doesn't surprise me. Banks are at the top of money hungry greed.

Re: Check bouncing

millieshops — Fri, 30 May 2014 16:36:53 GMT

On 5/28/2014 Shorty2U said:
I never bounced a check or received a bounced check but I think its SO wrong to charge the receiver of the check! How the heck are they supposed to know the person wrote a bad check until its cashed? But it doesn't surprise me. Banks are at the top of money hungry greed.

Some truth there, but people DO know sometimes that a check was bad, but they deposit it anyhow hoping they happen to hit the one day the check writer actually put money into his account. I've worked with some and for someone who did just that. They take their chances knowing they could be charged.

Re: Check bouncing

BellaPaprika — Fri, 30 May 2014 16:42:29 GMT

Both. If you deposit a check that bounces your bank will charge you. Then the check is returned to the issuing bank which will charge whoever wrote it.

Re: Check bouncing

sidsmom — Fri, 30 May 2014 16:51:04 GMT

If you took a check into your bank, presented it to your teller....your teller bundled her work for your courier...your courier took the bunched checks to a central area for your processing, your processor prepared 1,000's of checks for processing, your processor's manager reviewed all the work which your check was included.....only to have it charged back 2 days later. Allllll those hands touching that bad check....for naught? The teller, courier, processor, management....all are paid a salary at your bank. The time they took to handle this bad check costs YOUR bank a lot of $$$ via time & energy. For that reason, charged back items are just as costly as original OD checks.

Re: Check bouncing

RainyDayGal — Fri, 30 May 2014 16:56:53 GMT

On 5/30/2014 sidsmom said:
If you took a check into your bank, presented it to your teller....your teller bundled her work for your courier...your courier took the bunched checks to a central area for your processing, your processor prepared 1,000's of checks for processing, your processor's manager reviewed all the work which your check was included.....only to have it charged back 2 days later. Allllll those hands touching that bad check....for naught? The teller, courier, processor, management....all are paid a salary at your bank. The time they took to handle this bad check costs YOUR bank a lot of $$$ via time & energy. For that reason, charged back items are just as costly as original OD checks.

What?! I feel like I just got done reading Greek.

Re: Check bouncing

DoneTryin — Fri, 30 May 2014 17:10:18 GMT

At my credit unions, they'd charge me for the bounces & then the company who got the bad check (e.g., grocery store, etc) would ask not only for the original sum to be paid by some other means than check plus their service fee. Therefore, a bounced check for me would cost $30 or $33 (different credit unions, different fees) & probably at least $25 to the payee. So, whatever got purchased would cost about an extra $50 or so. Good reason to be careful about writing checks, eh?

Re: Check bouncing

Topaz Gem — Fri, 30 May 2014 17:11:38 GMT

Nowadays I believe both get charged. It used to be just the account holder.

Re: Check bouncing

sidsmom — Fri, 30 May 2014 17:40:01 GMT

On 5/30/2014 RedConvertibleGirl said:
On 5/30/2014 sidsmom said:
If you took a check into your bank, presented it to your teller....your teller bundled her work for your courier...your courier took the bunched checks to a central area for your processing, your processor prepared 1,000's of checks for processing, your processor's manager reviewed all the work which your check was included.....only to have it charged back 2 days later. Allllll those hands touching that bad check....for naught? The teller, courier, processor, management....all are paid a salary at your bank. The time they took to handle this bad check costs YOUR bank a lot of $$$ via time & energy. For that reason, charged back items are just as costly as original OD checks.

What?! I feel like I just got done reading Greek.

Giggle....didn't mean for it to be that way but....you're kinda proving my point. It's easy to blame the "big, bad Bank" for being "money hungry", but in reality it's a complicated business w/ many, many people touching one little check.. That little piece of paper called a 'check' is pretty powerful....I think many forget that.

Re: Check bouncing

Elstongunn — Fri, 30 May 2014 17:59:05 GMT

Many people don't know this, but as the recipient of the check, once you sign it on the back (endorse it on the back with your signature), you are in essence taking ownership of the check and vouching for it. You've accepted that form of payment from the payer. I realize that this has gotten lost over the decades or that people were never taught that piece of info when learning about checks, check writing, check endorsement, etc.

People write bad checks all of the time. As the recipient of a check, the bank holds you responsible once you sign (endorse) the back of the check. This is why you should always trust the check writer, and if you have any doubts, you can always call their bank with their account number and ask if there are sufficient funds to cover the check before you sign off on it.

So, if you accept and submit a check from someone that bounces, the bank will charge you a fee. You can, of course, go back to the check writer and demand that he/she reimburses you for bad check fees.

So...when in doubt, call the check writer's bank to ensure sufficient funds to cover the check BEFORE you sign it, or request payment in the form of a money order or cashier's check or certified check.

Re: Check bouncing

hckynut — Fri, 30 May 2014 20:26:56 GMT

I can tell you for sure that the one that deposits the ""insufficient funds check"" gets charged a fee. I have never written a bad check to anyone so do not know if the one writing the check gets a fee from there bank or not.

As one that has gotten a few over my many decades of running my adult hockey league? My solutions was for the offender to reimburse me for my costs and from that point on they paid their hockey fees by Cashiers Check or Cashola.

Re: Check bouncing

AngusandBuddhasMom — Fri, 30 May 2014 20:41:59 GMT

On 5/30/2014 sidsmom said:
On 5/30/2014 RedConvertibleGirl said:
On 5/30/2014 sidsmom said:
If you took a check into your bank, presented it to your teller....your teller bundled her work for your courier...your courier took the bunched checks to a central area for your processing, your processor prepared 1,000's of checks for processing, your processor's manager reviewed all the work which your check was included.....only to have it charged back 2 days later. Allllll those hands touching that bad check....for naught? The teller, courier, processor, management....all are paid a salary at your bank. The time they took to handle this bad check costs YOUR bank a lot of $$$ via time & energy. For that reason, charged back items are just as costly as original OD checks.

What?! I feel like I just got done reading Greek.

Giggle....didn't mean for it to be that way but....you're kinda proving my point. It's easy to blame the "big, bad Bank" for being "money hungry", but in reality it's a complicated business w/ many, many people touching one little check.. That little piece of paper called a 'check' is pretty powerful....I think many forget that.

Well put sidsmom. My DD works in the back office of her bank and yes it is not as simple as people seem to think.

Re: Check bouncing

Lynnj — Fri, 30 May 2014 21:40:13 GMT

On 5/30/2014 RedConvertibleGirl said:
On 5/30/2014 sidsmom said:
If you took a check into your bank, presented it to your teller....your teller bundled her work for your courier...your courier took the bunched checks to a central area for your processing, your processor prepared 1,000's of checks for processing, your processor's manager reviewed all the work which your check was included.....only to have it charged back 2 days later. Allllll those hands touching that bad check....for naught? The teller, courier, processor, management....all are paid a salary at your bank. The time they took to handle this bad check costs YOUR bank a lot of $$$ via time & energy. For that reason, charged back items are just as costly as original OD checks.

What?! I feel like I just got done reading Greek.

LOL, that made e spit my drink out laughing. I was lost too.