Shouldn’t the person whose account I’m getting funds from be the one who gets the penalty? If I’m receiving payments from someone like rent, and that person does not have sufficient funds in their account, why am I getting charged the penalty when I have zero control over their bank account? That would be like saying I should get fined if the car in front of me ran a red light.
In: Other
Two things:
The bank has a relationship with the depositor, not the person writing the check.
It is not the bank’s job to collect debts for the depositor.
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