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Someone wrote you a check for 975.00 but there is no money in the account?
Wiki User
∙ 9y ago
When a person writes a check for 975.00, they should have money in their account. If they don't the check may be returned to them and they may have to pay overdraft fees.
Wiki User
∙ 9y ago
If someone writes you a check for $975.00 and there are insufficient funds in their account, the check will likely bounce or be returned unpaid when you try to cash or deposit it. You should contact the person who wrote the check to discuss the situation and potentially find an alternative payment method.
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If someone give a cheak but no money in bank but the law say?
If a check is given with insufficient funds in the bank, it is considered a bounced check, which is illegal. The law can impose penalties such as fines or legal action against the individual who wrote the check. It is important to ensure that there are sufficient funds in the bank account before issuing a check to avoid legal consequences.
Is it illegal to authorize money to be taken out of your account and then close account there after?
It is not illegal to authorize money to be taken out of your account and then close the account. However, if the money has been withdrawn and there are outstanding charges or payments, it is your responsibility to settle them even if the account has been closed. It is advisable to communicate with the recipient of the funds to resolve any outstanding issues.
What are laws with siblings sharing a bank account and one takes all the money out but the other was who the money belonged too?
If both siblings are listed as joint owners of the bank account, then legally both have equal rights to the funds in the account. If one sibling takes all the money without permission, it could be considered theft. The other sibling can seek legal recourse by reporting the incident to the bank and potentially involving legal authorities.
Is it stealing if you take money off the ground?
Technically, taking money found on the ground without making an effort to return it to its rightful owner could be considered theft. It is best to check with local laws and regulations regarding lost property to determine the proper course of action.
What is the law on stop payment on a check?
In the United States, a stop payment on a check is a request made by the account holder to their bank to not honor a specific check that has been issued. The account holder typically needs to provide specific information about the check, such as the check number and the amount. Stop payment orders are usually subject to a fee and must be made within a specific timeframe before the check is cashed.
What happens when you cash a check someone wrote but they don't have money in they account?
The check rebounds on the sender... And their account gets charged.
Is it a crime to deposit a business check into a personal account?
No. If the check is sent to YOU and is for YOU it is OK to put it into YOUR account. It IS a crime if yous teal or take someone else check and put it into your account because that money does not belong to you.
Can someone e mail you a check?
You can get an EFT or go to pay pal and have money transferred to an account.
Can you deposit someone's else's government check into your account?
No. first of all, a check can be deposited into the bank account of the person to whom the check has been written to. Second of all, even if the bank teller accepts the check by mistake, it will not be cashed. The check will be returned and no money will be paid. Moreover, if the owner of the check complains that his/her check was lost or stolen, you will be caught and jailed for it. Depositing someone else's check into your account is a crime.
How do you transfer money from your bank account to someone else's at a different bank?
You, uh, write them a check or, if it's savings, you buy a money order or cashier's check that you pay for with a withdrawal slip from your savings account plus, probably, a small fee.
Can someone take money from your bank account by only having the account number and routing number?
No, people cannot take money from your account using only your account number and routing number - that information exists on every check that you write, so anyone to whom you send a check would then have unlimited access to your account if that was all it took. If, however, you have given someone a signed form allowing pre-authorized withdrawals (for bill payment purposes) then they can take money from your account using only the account number and routing number.
If you owe money at a bank can they still seize funds if you deposit a check from someone who also holds an account there into your checking account at a different bank?
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account? Not sure if they will see that US Bank funds are made payable to me from someone else's account. Any insight would help! Thanks!
Can you overdraft account with no money?
Yes, any check you write on an account with no money is a overdraft.
What is it called when banks record which account gives up money and which account receives money when a customer writes a check?
Check Clearing
If someone writes you a bad check and you deposit it in your account what will happen?
Below is what would happen: a. Your check will bounce b. You'll not get any money c. You may have to contact the person who gave you the check and run behind him to get your money back
Do i need to have money in my account to pay with check?
Yes you do or theres nothing for you to have a check and every check requires money.
Can cashiers checks be tracked from the account they're drawn on to another account in which it's deposited?
In order to get a cashiers check, the money had to be withdrawn from an account, this account could be traced. You could withdraw cash, then use it to get a cashier's check, but someone might be able to match the date of a large withdrawal.
