answersLogoWhite

0

Bouncing a check specifically means that?

Updated: 4/28/2022
User Avatar

Guadiaz

Lvl 1
15y ago

Best Answer

you write a check for an amount that is higher than the amount of money you have in the checking account to cover it

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Bouncing a check specifically means that?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Other Math

What are keystrokes in math?

A keystroke means that you press a key on a keyboard. It isn't specifically a math term.


What is a pentagon with 12 sides?

not posssible, a pentagon specifically means a shape with 5 sides. penta = 5.


How do geometric sequences apply to a bouncing ball?

The ball does not return to its initial height after bouncing. So the height it reaches after the first bounce will be a fraction of the initial height, etc. This is a geometric sequence with common ratio 5/8.


What descriptive phrase from the scenario best represents lightheartedness?

A. Flashlight beams bouncing


What if your checking account is overdrawn by 50. you write a check for 20. what is the balance on you account?

At the moment of writing the check, the balance is still $50 overdrawn. If the check should be presented to the bank, then your balance will depend upon several factors: If you have an overdraft facility and the $20 check does not exceed this, then your new balance will be $70 overdrawn. If you do not have an overdraft facility, then the bank may bounce (decline) the check, in which case your balance may still be $50 overdrawn. However, they may charge you for bouncing the check as you did not have the funds to meet the check, so your overdraft will be increased by their fee, whatever it is. They may honour the check and your bank balance will be $70 overdrawn. However, they may also charge you a fee for honouring the check when you were overdrawn; thus your balance will be increased from $70 overdrawn by their fee. You may also have received funds before the check was presented, eg you got paid, and so the balance may not be overdrawn and the check honoured without problem.

Related questions

How do you defend a check bouncing case?

Hire a good attorney and don't pay them with a check.


What is a non sufficient fund?

A bank fee for bouncing a check


How do you stop bouncing on the trampoline in a controlled way?

check bounce


What is a non sufficient funds fee?

A bank fee for bouncing a check


What word means the ray 'bouncing off a surface'?

Refraction


What are the check bouncing charges of the Vaish Cooperative Adarsh Bank Limited?

cheque bouncing charges are Rs.100/- for each inward and outward clearing. In case of secured loan - cheque bouncing charges are Rs.125/- & for personal loan - cheque bouncing charges are Rs.50/-.


Is bouncing a check over state lines a felony?

Intentionally providing a bad check is a felony - over state lines or not


What does it mean when a check is bouncing?

it's not legit. you're basically promising money you don't have.


What does bouncing off the walls mean?

it means crazy or hyperIt usually means that something was wildly disruptive.


Warning letter for cheque bouncing of business?

Warning letter for check bouncing of business is sent by your bank to you for repeated instances of checks returning unpaid (Bouncing) from your account for lack of funds, or for other reasons like signature mismatch, date expiry, mismatch of amount in figure and that in words etc.


How does a fisherman use sonar?

To find shoals of fish by bouncing sound waves off them. And;To check the state of the bottom if trawling, and also to avoid going aground- by bouncing sound waves off the sea bottom.


What does it means her skin trembled like in an earthquake?

shaking so jello-ing its wobbling and bouncing