Bounced Check

A slang word for a check that cannot be processed because the writer has insufficient funds. A bounced check will often be returned to the writer along with a penalty fee for non-sufficient funds. "Passing" bad checks is illegal, and the crime can range from a misdemeanor to a felony, depending on the amounts involved and whether the activity involved crossing state lines.

Also known as a rubber check, dishonored check, or bad check.

Many times, bad checks are written inadvertently by people who simply were unaware that their bank balances were too low. It is always a good idea to have a small overdraft line of credit to cover such situations, or keep a close eye on your balance near bill-paying time.

When there are insufficient funds in an account, the bank will "bounce the check" (refuse to honor it). Banks and vendors frequently charge fees for bounced checks, sometimes exceeding the amount for which the check was written. Online banking can help to avoid writing bad checks by allowing you to view your balance more frequently. Consumers can also create a backstop account that is automatically debited if the primary checking account is too low to pay a specific check.

Investment dictionary. . 2012.

Look at other dictionaries:

  • bounced check — check which was returned because the bank account did not have enough money to pay it …   English contemporary dictionary

  • bounced check — noun A check that has been rejected by the bank against which it is drawn for insufficient funds. Syn: bad check, rubber check …   Wiktionary

  • bounced check — Fin a draft on an account that a bank will not honor, usually because there are insufficient funds in the account …   The ultimate business dictionary

  • bounced — adj. returned by a bank due to insufficient funds (of a bank check) baÊŠns n. hop, skip; boasting, bragging v. jump; skip; hop; make jump …   English contemporary dictionary

  • Rubber Check — Another name for a bounced check. The check cannot be processed because the writer has insufficient funds. Most rubber (or bounced) checks are subject to high bank penalty fees ($20 $40 per bounced check) …   Investment dictionary

  • Rubber check — Saltar a navegación, búsqueda Es una expresión idiomática estadounidense que funciona en conjunto como un sustantivo. Contenido 1 Significado según los diccionarios 2 Sinónimos o expresiones equivalentes en los diccionarios …   Wikipedia Español

  • bad check — noun A check/cheque written against a bank account with insufficient funds to pay the bearer the amount of the check. Syn: bounced check, rubber check …   Wiktionary

  • rubber check —  A check for which there are not sufficient funds, a bounced check …   American business jargon

  • Bad Check — A check drawn on a nonexistent account or on an account with insufficient funds to honor the check when presented. Passing bad checks is illegal, and the crime can range from a misdemeanor to a felony, depending on the amounts involved and… …   Investment dictionary

  • rubber check — {n.}, {informal} A check written without enough money in the bank to make it good. * /Bill got into trouble when he paid his bills with rubber checks./ * /By the time we knew he had paid us with a rubber check, the man had left the state./ * /The …   Dictionary of American idioms

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