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missdaredevil
Joined: 08 Dec 2004
Posts: 1670
Location: Ask me
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 Posted: Fri Aug 19, 2005 4:57 pm Post subject: bounce |
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bounce a check
8. transitive verb write bad check: to write a check that the bank will not honor
Is it accidental or on-purpose?
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Bob S.
Joined: 29 Apr 2004
Posts: 1767
Location: So. Cal
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| Posted: Sat Aug 20, 2005 7:02 am Post subject: Re: bounce |
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| missdaredevil wrote: |
bounce a check
8. transitive verb write bad check: to write a check that the bank will not honor
Is it accidental or on-purpose? |
If it is accidental, then you bounce a check. 
If it is intentional, then you kite a check, and it is illegal fraud.  |
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missdaredevil
Joined: 08 Dec 2004
Posts: 1670
Location: Ask me
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| Posted: Sun Aug 21, 2005 1:49 am Post subject: Re: bounce |
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| Bob S. wrote: |
| missdaredevil wrote: |
bounce a check
8. transitive verb write bad check: to write a check that the bank will not honor
Is it accidental or on-purpose? |
If it is accidental, then you bounce a check.
If it is intentional, then you kite a check, and it is illegal fraud. |
How can a person accidentally write a bad check?
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Vin21
Joined: 18 Jul 2005
Posts: 132
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| Posted: Sun Aug 21, 2005 4:49 am Post subject: |
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| I often wrote bad checks,because I always forgot to put enough money in my checking account.That's I didn't want to. |
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Bob S.
Joined: 29 Apr 2004
Posts: 1767
Location: So. Cal
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| Posted: Mon Aug 22, 2005 9:46 am Post subject: Re: bounce |
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| missdaredevil wrote: |
| How can a person accidentally write a bad check? |
You might just be bad at personal finance bookkeeping (forgetting how much you put in and take out).
Sometimes it is accidental because the money you deposit is not entered into the bank's computer records for your account fast enough before the check you write against the deposit "clears" to deduct the money from your account.
For example, say I have $300 in my account. I get a paycheck of $1000 from the company home office in another state. I deposit the check, so I think I have $1300 in my account. But it is an out-of-state check, so it doesn't clear for 2 weeks. I write a check to pay $500 for rent. It is a local check, so it clears in 3 days. I think I am fine, but according to the bank's records, I still only have $300, so the $500 check I write will bounce. |
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bud
Joined: 09 Mar 2003
Posts: 2111
Location: New Jersey, US
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| Posted: Tue Aug 23, 2005 1:00 pm Post subject: |
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I have a dear friend who keeps two checking accounts to reduce the risk of bouncing a check. She uses one this month, and the other next month, giving the first "a chance to rest." Otherwise, she's completely normal. I swear!  |
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