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What Is Bouncing Cheque?

April 26, 2017bouncing Cheque

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What Is Bouncing Cheque?

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A bouncing cheque is one where payment has not been cleared by the bank of the person signing the cheque – and it is sent “bounced” back to their account. If the cheque is bounced you will not get any money until any problems with is have been resolved. It could be an undated cheque, figures and sum do not math, wrong signature, unsigned or there are insufficient funds in the bank to clear the cheque for payment.