Deepti Dogra & Associates has the top lawyers for check Bounce Cases. A bounced cheque occurs when the bank is unable to transfer cash from the payer's account to the payee's account due to a lack of funds, incorrect data, or a signature on the cheque, among other reasons. The cheque is returned to the payer since it cannot be honored, and receiving a bounced cheque incurs a cost that the payer must pay. Banks may offer overdraft protection to account customers in order to avert such scenarios. Several cheque bounces, on the other hand, may result in legal complications or a significant monetary penalty because the payee does not collect their due on time. Customers' loss of faith may finally drive the payer to change the payment method. When a check bounces, the bank sends the issuer a "check return memo" outlining the reasons for non-payment. When a cheque bounces, the issuer or holder has three months from the date the cheque was returned by the bank to resubmit the cheque. If the issuer fails to complete the payment, the payee may sue the payer for a bounced cheque.
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