![]() ![]() ![]() ![]() They then use the checks to pay for goods and leave the person holding the check stuck without the cash. Some people write checks knowing full well that they don’t have the funds necessary to pay them. Someone you wrote the check to held onto it forever and happened to deposit it when you were low on funds. If you changed banks, it’s possible you forgot that you still had an outstanding check floating around. While rare, it’s always possible that your bank will think you don’t have the funds available in your account to cover a check you’ve written. You expected to receive an influx of cash that would cover a check, but that money becomes delayed. Whether you’re the one writing or receiving the check, a check can bounce because: It’s the worst “boing” sound in the personal finance world.Ī bounced check can happen for several reasons. If you wonder where the phrased “bounced check” comes from, think of a check hitting your account and bouncing right off because there’s not enough money to pay it. This means that there’s not enough money in the account of the person or company that wrote the check to cover the amount of the check. A bounced check is another name for a check that’s met with non-sufficient funds, also abbreviated as NSF. ![]()
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