What does bounce a check mean?

Answer 1

Cheque Bounce refers to the situation wherein, your bank account does not have enough money to pay the cheque that was issued by you.

Let us say, you have issued a cheque for Rs. 12,000/- to your friend and he deposits the cheque into his account. On the day, this cheque comes for clearance to your bank account you have only Rs. 5,000/- which means you do not have enough funds to honor the cheque. Hence your cheque would bounce. Which means: No money would be paid for the cheque.

Note: Cheque bounce is an offense and the bank and/or the cheque receiver can prosecute you.

Answer 2

A "cheque bounce" occurs when a person writes out a cheque, but there are not enough funds in his bank account to clear that cheque.

Here's how it works: When you write a cheque, you are instructing your bank to move a certain amount of money from your bank account to someone else. The bank cannot move that kind of money if you do not have sufficient balance in your account. The bank returns the cheque to the person with the word "bounced" beside it.

Cheque bouncing can incur any number of penalties, not to mention damaging your credit and even leading to litigation if bounced too often. Ensure you've got sufficient in your account so as not to bounce!