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.
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Typically both the person who wrote the check AND the person who deposited the check get assessed fees for the bounced check.
The goal is to discourage writing bad checks and for the depositor to trust that the check will be honored. Really banks just want to slap fees wherever they can get away with it.
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