A returned check can cost you money in overdraft fees, prevent you from writing future checks, and lower your credit rating. You might not be able to pay retailers using checks in the future if you write too many checks that bounce. Many retailers employ TeleCheck, a verification system, to assist them in determining whether a customer's check is valid. The business will reject your check and request another form of payment if this system associates the check you just offered for payment with a history of delinquent checks.2. People who write faulty checks frequently do it unintentionally because they are ignorant of their low bank balances. Some customers link a line of credit to their bank accounts or utilize overdraft protection to prevent checks from bouncing. An NSF fee is assessed to the account holder by the bank when it decides to bounce a check due to insufficient funds in the account. The bank will charge an overdraft fee if it accepts the cheque but it results in a negative balance on the account. The bank might impose an extended overdraft fee if the account balance remains negative.
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