graphic
Personal Finance
Bounced check penalties
September 20, 2000: 2:26 p.m. ET

Bouncing a check causes consequences beyond the extra fees
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - We all make mistakes, but some of them come with consequences that stay with us for a long time. One of them is bouncing a check.

  VIDEO  
Real 28K 80K
Windows Media 28K 80K
If you bounce checks you might be in more trouble than you think. The most common penalty is a $25 fee, but you are hit with it twice. First your bank charges you, then so does the institution in which the check was deposited. These are just a few in addition to other penalties. If you bounce checks on a regular basis you could end up with serious legal and financial consequences.

CNNfn's Steve Young takes a look at bounced check penalties. Back to top





graphic

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.