|
|
| *Loan,banking and credit>>>bank checks |
When you write a check, do stores know if you have the money in the bank? |
Like, if you are overdrawn in your account and you write a check, would the check be denied at the store, making it so you have to pay with cash, or will they accept the check, not knowing it will bounce? Many stores now are going to electronic checking where when you write a check the funds are moved immediately from your account to the store's account. If you have insufficient funds, they will know immediately and the transaction will be canceled. If you are thinking of buying a ton of Christmas presents with a rubber check don't do it. You will be embarrassed, prosecuted, possibly do jail time, pay a fine and have it on your permanent record. which employers, lenders and insurers all have access to and can see it. If you can't afford gifts, so what? The people that truly love you will understand and anyone else doesn't matter. First off, stop writing checks that bounce! Stores do not know if you have money in your account or not. Some stores use a check verification system, but all that does is check to see if you've bounced checks in the past. If you're a known check-bouncer, then the store can refuse to honor your check as a valid payment method. You can wind up in jail for writing bad checks! I suggest you stop it now before it's too late. Your account balance is personal information and they do not have access. Which is why they have penalties and charges if you bounce a check. And they can press criminal charges for a bad check. I believe (and I could be wrong) that unless you have bounced a check before with the store, it will go through. Sometimes though, stores do call the bank to verify funds. It's not uncommon. I would say though, that unless you know that the money will be in the bank before the check clears, you really shouldn't go there, it doesn't only cause problems with money and your credit, but you could also land yourself in jail if you intentionally pass bad checks. My ex-husband was an idiot and opened a checking account for the soul purpose of bouncing checks. He's still paying for it, with his money, his credit, and his criminal record (not that he care's about any of the above). depends on the store, some stores do electronic checking now, where it automatic takes it out of you account, i work in a store and we dont have this system, so we are getting checks back from the bank all the time, especially around this time of year...it almost takes someone full time to call and locate these people with bad checks and to try and recover the lost money for the store, but if we have a bad check on file and they try to come in and cash another check out registers stops the cashier and says they have bad checks, do not accept..contact mangager Both kja and aggie are correct. They won't know if your account is overdrawn, but some use check verification companies to see if you have a bad check out or history of bad checks. But, don't get in that habbit of writing bad checks. You can go to jail for that and be out of a lot of money. |
| Tags |
| bank loan financial services online banking bank account bank checks bank holidays |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |