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Bounced Check

   Also found in: Legal, Wikipedia 0.04 sec.
Bounced Check
A check that can not be processed because the writer has insufficient funds. Also known as a rubber check.

Notes:
Most bounced checks are subject to a penalty fees.



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says Washington, who notes that bounced check fees consumed a large portion of her weekly paycheck.
It acquired two providers of check verification services, along with a database of consumers who have bounced checks to bolster its ability to process checks electronically.
The annual percentage rates may well be sky-high, but payday loans are often less expensive than the alternatives: bounced check fees or illegal loan sharks.
 
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