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Home > Check Printing Articles > Bounced Check

Bounced Check

Bounce a check and you'll pay an average of $28.95. Holy cow! If you're lucky, that's all you'll pay. Too often, even occasional check bouncers fall victim to banks' practice of paying the largest check first when they're clearing several checks received around the same time. If that first check drains your account and there are three or four smaller checks behind it, you'll get clipped for multiple NSF fees. Holy moly!! ATM and debit cards can make balancing a checkbook a challenge since you may forget to deduct the withdrawal or the purchase. Unless you routinely check your balance online, it's easy to overdraw your account.
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Banks are so much fun. You are brainwashed into believing that banks help you make money but unless you are savvy, they will rob you blind. You will be overcharged for bank checks, you will pay all sorts of extra and hidden fees for the pleasure of doing business with them, and they will sock you and beat you right into the ground if you make a mistake. Banks are not your friend. They are more like a parasite taking their host for all they are worth. Ok, there are some decent banks out there but most are overwhelmed with greed and continually looking for more creative ways to steal your money.

Oh, but they kindly offer me a courtesy overdraft-protection or bounce coverage plan. With these plans, you'll still pay an overdraft fee or a bounce coverage fee to the bank for each item. But you will avoid the merchant's returned-check fee and will stay in good standing with the people you do business with. Plans vary, but most banks charge a flat fee (often $20 to $30) for each item they cover. And many set a dollar limit on the total amount your account may be overdrawn at any one time. For example, the bank might cover overdrafts up to a total of $300, including all the fees. In addition, some banks charge a daily fee--say $5 a day--for every day your account is overdrawn. Flush that money down the drain, baby!

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