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

Bouncing a check causes consequences beyond the extra fees
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.

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