Your bank may choose to cash it, at their discretion, and assess a fee on your account which could be from $20-40 depending on your bank's fee schedule.
Or, your bank may choose to return the check to the payee (whoever you wrote it to). In this circumstance, if the payee presents the check for payment at your bank, they will likely be told to return to you for an explanation of why they are unable to cash the check. But if they cash or deposit it at another bank and the check is returned unpaid, they will be charged a "returned item" fee by that bank and will probably be quite unhappy with you, and may even request that you pay the fee in addition to paying the check.
It means that there were not sufficient funds in the account to cover the check
insufficient funds
It is not illegal to post date a check in any state. What is illegal is to write a check with a lack of funds in the account. If you can be sure that the check won't get to your account before the date you have on it that is fine, but you need to be sure you have money to cover it.
It means whoever you wrote the check to cashed it inside a bank. The person cashing the check had the amount in his/her account to cover it and didn't deposit it waiting for it to clear.
I went to my bank to get check to pay my rent for the month. The bank accidentally gave me a check from an account which was closed over 5 years ago instead of my active account. I didn't notice the account number on the check. So I used that check to pay the rent, but the check bounced because it was from a closed account. Now the apartment company billed me $140 because of the bounced check. Should the bank have to cover that $140 bill because they are the one's that made the mistake with the check?
It means that there were not sufficient funds in the account to cover the check
insufficient funds
A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).
It means that there was not enough money in the account to cover the check. Non Sufficient Funds.
Generally speaking overdrafts are used in describing personal finance rather than corporate or company finances. In its simplest form an overdraft is created when a person writes a check for more then is in their checking account. Either the check will bounce, or if the account is set up to cover overdrafts then the check is honored. Overdraft accounts usually cost more to have.
The meal was sufficient for my sustenance. Has your account sufficient funds to cover this check?
This means that a check you took from a customer could not be deposited into your account because they did not have the money to cover their check. The bank deducted the amount of the check from your account.
As long as there are enough funds in the account that the check is being drawn from to cover the amount of said check and that YOU would have the legal right to withdraw funds from that account. Yes.
you write a check for an amount that is higher than the amount of money you have in the checking account to cover it
It would take a P.I with contacts in the Police dept. to get a balance. All a citizen can do is see if enough in account to cover a check-assuming they are a merchant.
It is not illegal to post date a check in any state. What is illegal is to write a check with a lack of funds in the account. If you can be sure that the check won't get to your account before the date you have on it that is fine, but you need to be sure you have money to cover it.
You could, but they may use the amount from the check(s) you gave them to cover the insufficient funds you may owe on the account. Unless you make a deposit prior to cashing the check(s) in.