You would face felony or civil penalties. Relying on the place you reside, how a lot the examine was for and whether or not you knowingly gave somebody a nasty examine, you could be topic to federal or state felony legal guidelines concerning bounced checks, a few of which may even lead to a felony cost. On a much less excessive degree, the recipient of the bounced examine might attempt to sue you in civil court docket if the fee situation stays unresolved.
Tricks to keep away from bouncing a examine sooner or later
Whether or not you made a one-time mistake or have a behavior of bouncing checks, you’ll discover that there are steps you possibly can take to keep away from bouncing checks sooner or later.
Join overdraft safety, if accessible. Overdraft safety is a service that many banks provide that lets you switch cash from a linked checking account to cowl an overdraft. Some banks cost for this service whereas others present it totally free. If overdraft safety transfers aren’t accessible, your financial institution might have an overdraft line of credit score, which is mainly a approach to borrow cash to cowl an overdraft. Nonetheless, overdraft strains of credit score can cost excessive rates of interest, so ensure you use one provided that you realize you possibly can pay it again shortly.
Think about sending a cash order as an alternative. In the event you get a cash order out of your financial institution, the financial institution will probably withdraw the funds out of your account instantly, so that you don’t have to fret about by chance spending the cash that’s imagined to go towards a examine. Some financial institution accounts provide these providers totally free whereas others cost for them, and typically there are funding limits to how a lot you possibly can placed on a cash order directly. Test together with your financial institution to see if this feature is on the market to you.