How to Handle a Bounced Check?

Answer Checking account holders write checks to pay for goods or services, and the monies behind these checks must be in a checking account to cover check amounts written. If your checking account lacks s... Read More »

Top Q&A For: How to Handle a Bounced Check

IRS Penalties for a Bounced Check?

If the IRS tries to cash your check and it doesn't clear, you will receive a form letter concerning your penalty. According to the IRS website, this is known as a Letter 608C--Dishonored Check Pena... Read More »

Who pays a bounced-check fee?

When a check is written on a checking account with insufficient funds, the check will bounce. The account holder is responsible for paying the nonsufficient funds or bounced-check fee. The average ... Read More »

The Definition of a Bounced Check?

A bounced check is an order for payment that cannot be honored on demand due to insufficient funds in the check writer's account. When the receiver tries to deposit or cash the check, it "bounces" ... Read More »

What is the fee for a bounced check?

The average bounced-check fee based on a study of 248 banks nationwide is $27.04. In addition, more banks are using a tiered structure, so the cost can quickly add up. Fees can and do vary.Source:M... Read More »