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Bouncing
Checks is Serious Business
We're having
fun with rubber checks with this arcade game, but the reality
is bouncing a check is nothing to laugh about.
In the real world
a bad check will typically cost you anywhere from $20-$30 every
time it bounces! And that's only the beginning. The check
bounces back to whomever you first wrote it to, and that person's
credit union or bank will probably charge you a fee as well.
Then it goes back to your credit union a second time. If you
don't have the funds, you may just get charged again and you
still have to make good on the check you wrote in the first place!
If you bounce
too many checks, merchants may stop accepting them from you.
Eventually, you'll lose your checking account entirely.
Related Stories:
The
Balancing Act Parts I & II
Reconcile
your checkbook -- A calculator
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WESTconsin Credit Union
WESTconsin Credit Union is committed to helping our members achieve financial success. We are a proud financial education partner, providing free resources for kids of all ages.