What does a bounced check mean? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What does a bounced check mean?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

A bounced check is a check that was not honored or settled upon presentation due to a specific reason such as insufficient funds, a faulty signature, incorrect information, or a stop payment order.

Ask the bank for a documented reason for the refusal, and don't simply accept the term "bounced," as the next steps and legal consequences vary depending on the reason.

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