Are you looking for cheque Bounce Case Lawyers, Deepti Dogra & Associates has the best lawyers. A bounced cheque occurs when the bank is unable to transfer cash from the payer's account to the payee's account owing to a shortage of funds, erroneous data, or a signature, among other things, on the cheque. Because the cheque cannot be honored, it is returned to the payer, and receiving a bounced cheque incurs a fee that the payer must pay. Account holders may be offered overdraft capabilities by banks to avoid such situations. However, several cheque bounces may result in legal issues or a substantial monetary penalty because the payee does not receive their due on time. Customers' loss of faith may eventually force the payer to alter the means of payment. When a check bounces, the bank sends a "check return memo" to the issuer, detailing the reasons for non-payment. When a cheque bounces, the issuer or holder of the cheque 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 can file a bounced cheque lawsuit against the payer.
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