Simple Ways to Avoid Bounced Checks

There are numerous names for them. While widely known as a bounced check they are also referred to as a bad check, a bogus check, bouncing paper, an insufficient fund check, a kited check, an OD, an overdraft, an overdrawn account, a non sufficient fund check, a NSF check and rubber check to name a few. Whatever you want to call it, doing it will cost you a lot money if you accidentally write one.

Bouncing a check happens a lot more than you imagine. There are some 450 million bad checks written each year that bring in more than $5 billion dollars in fees and penalties to banks. The bank fees aren’t the only ones you need to worry about. Writing a bad check is a criminal act in every

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4 Responses to Simple Ways to Avoid Bounced Checks

  1. Alex says:

    I always hating balancing a checkbook. I have two checking accounts. My paycheck is put into one account. I add up all my bills and savings and then I move spending money into the other account which my debit card is tied to. It always makes sure that I pay my bill and savings first.

  2. livingplanet says:

    we don’t issue many checks as we (1) pay by credit card for most purchases, (2) pay our household and card bills on-line. thus, we don’t balance our checkbook. we do look at our financial transactions online. the question is, of the 450M bouncing checks issued, how many were by companies, by folks with bad credit to begin with, and how many were just simple oversight?

  3. Pingback: Everybody Loves Your Money » Blog Archive » Carnival Of Personal Finance #75

  4. Adventures In Money Making says:

    I just leave a lot of money in my checking account so my checks can’t bounce.
    mortgage and credit card payments that bounce negatively affect your credit and that can cost you thousands!

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