Ever wonder what happens if you bounce a check?
Although checks might seem to be a relic of the past, there are still enough companies slow to adopt modern payment technology that we’re required to keep a box of bank-labeled IOUs on hand. The problem is, the money from a check doesn’t leave our accounts right away, making them a bit harder to track.
Harder to track can meet a bounced check. And that could mean fees, frustration, and possibly even worse. Read on to find out what really happens when you bounce a check — and what you can do about it.