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Bounced Check |
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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.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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