What happens when you bounce a check? What are the consequences? I wrote a check for $80 ystrday, didn't realize I only had $50 in my checking till today! I had a -$30 balance and transferred $ from savings to checking immediately. Now what?
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ANSWERS: 5
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In Pennsylvania, it is turned over to the local J.P. (Justice of the Peace) for adjudication. Penalties range from fines for small amounts or honest mistakes, to jail time for repeat offenders. A warrant is issued for your arrest if you fail to appear for the summons, so then a whole scofflaw thing takes effect and you have a bench warrant for that as well. My ex-wife wrote bad checks on our joint account while we were divorcing. I found all this out the hard way, and was lucky to escape with only $700 in court costs and fees, as I did not write the checks, nor did I know about them. Also, a fee is assessed by the holder of the bad document, and the bank it is written against usually charges a non-sufficient funds charge of $35 or so. Don't do it, basically.
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My best advice is to put $30 into the account as soon as possible and also contact the bank and if they're prepared to hear you, explain the error and ask if they can put a note on your account to say the check was written for a larger amount in error as you thought you had the money in the account and hopefully it won't go against you or cause you to have a dishonourment fee or something like that.
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Usually in most cases, the check will come through a second time but if the check dont clear the second time, the vendor would write you a letter to pay for what you owe plus a fee. Usually your bank charges you for a NSF fee too.
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you had overdraft protection and one hand washes the other and both wash the face... your good
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I don't think you have to worry about any criminal charges. It's only when people make a habbit of writting bad checks that they get prosecuted. I would contact the store where you wrote the check and you bank. Some banks will cover bounced checks but then charge you a fee. That way you don't get charged by the store. The bank is not oblicated to do this however so you may have to pay both fees.
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