Lawyers For Bounced Cheque

• February 03, 2024
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A check is said to have bounced when the payee delivers it to the bank for payment and it is returned unpaid with a memo stating there are not enough funds. A check bounce can happen for a number of reasons, but it becomes an offense under the Act if the bounce is caused by insufficient money in the drawer's account. The check that is being presented for payment must be rejected by the bank with a return memo indicating that there are not enough funds. A check bounce can happen for a number of reasons, but it becomes an offense under the Act if the bounce is caused by insufficient money in the drawer's account. The check that is being presented for payment must be rejected by the bank with a return memo indicating that there are not enough funds. In this situation, the check's payee may send the drawer a notice requesting payment of the check amount, known as a "cheque bounce."

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