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If you deposit a bad check that someone wrote to you and end up overdrafting your account, as a result, 1.) you will incur overdraft
If you deposit a bad check that someone wrote to you and end up overdrafting your account, as a result,
1.) you will incur overdraft charges by your bank unless you have overdraft protection on the account.
2.) your bank cannot charge you a penalty because it was not your fault.
3.) the bank is required to honor your checks until the issue is resolved.
6 Wk 2 Ch. 3 Practice [due Mon] 3.5 Resolving Cash Management Problems and Avoiding Identify Theft ifyou deposit a bad check that someone wrote to you and end up overdrafting your account, as a result, 0 you will incur overdraft charges by your bank unless you have overdraft protection on the account. 0 your bank cannot charge you a penalty because it was not yourfault. O the bank is required to honor your checks untii the issue is resolved. 0 the person who wrote the bad check will have to pay your bank a fee as wellStep by Step Solution
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