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What do i do if i spent money from check than a couple days later it bounces?

What do i do if i spent money from check than a couple days later it bounces? Topic: Accounting cover letters
June 25, 2019 / By Mack
Question: So I was selling a laptop ps3 and a tv on craigslist and i sold it for 1,500 and i got the check and i took it to the bank, it was delayed 6 days and six days later it was approved and i got 1500 in my account. I spent a lot of it buying my new laptop and stuff. But than 2 days after that it bounced although it was aldreay approved... now i have -1500 in my account.. how is that fair, when it was approved after 6 days of review. What is going to happen to my account to me... please help...
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Best Answers: What do i do if i spent money from check than a couple days later it bounces?

Jehohanan Jehohanan | 1 day ago
You need to immediately get money in there to cover that even if you have to take stuff back. If you do not the bank is likely to close the account and you will be listed on Chex system which means you will be unable to get another checking account for three years. Get the check back from the bank that bounced. I do hope you know where this person lives or how to get in touch with them. Send them a letter by certified mail demanding payment for the check in cash plus what ever fees the bank has charged you (including the fees for the checks that you had bounce because of it).Do this immediately, do not wait. You will need to send this twice, if they do not pay up, then go to the police and file charges for a bad check.
👍 170 | 👎 1
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Jehohanan Originally Answered: What do i do if i spent money from check than a couple days later it bounces?
You need to immediately get money in there to cover that even if you have to take stuff back. If you do not the bank is likely to close the account and you will be listed on Chex system which means you will be unable to get another checking account for three years. Get the check back from the bank that bounced. I do hope you know where this person lives or how to get in touch with them. Send them a letter by certified mail demanding payment for the check in cash plus what ever fees the bank has charged you (including the fees for the checks that you had bounce because of it).Do this immediately, do not wait. You will need to send this twice, if they do not pay up, then go to the police and file charges for a bad check.

Gawain Gawain
The $1500 you bank NEVER received has already been deducted from you account. If you make satisfactory arraignments to repay the overdraft, they won't pursue a criminal investigation for possible check fraud. The check was NEVER approved, because there is no such thing. Federal law only allows your bank to 'hold' funds from a check deposit for so long. The SCAM guarantees the check will bounce AFTER that time expires. Side note: The type of scam you fell for is SPECIFICALLY warned about on Craigslist. That is why they tell you to ONLY deal in CASH.
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Dewayne Dewayne
You will be responsible for paying back the $1500. My guess is that you accepted a fake check from a scam artist. If you shipped the stuff somewhere, you are probably out of luck. If you sold it locally, you can turn the check over to the police. The bank releasing the funds does not mean that the check cleared. That is why scam artists use checks.
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Bethuel Bethuel
After you call your bank I'd then call the people that gave you the bad check and get your items back or have them give you the cash.
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Able Able
Call your bank and ask them that question. If they held the check and then released the funds, you would think the check cleared.
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Able Originally Answered: What was Sarah Palin thinking when she billed Alaskan taxpayers travel expenses for nights she spent at home?
Thank you for the helpful link. This is America, where everything a person in political life does is scrutinized. This is as it should be. We can thank our lucky stars we are not in China where everything in the news or on TV is censored. We need to look carefully at both candidates, and since Sarah Palin, if McCain is elected will be a heartbeat away from the Presidency, we need to look carefully at her. The last 8 years have been very bad, seniors have to decide sometimes between getting their prescriptions refilled and eating good nutritious meals. Many times the food wins out. Gas prices are way too high, our jobs are going overseas. And as Barney Smith said at the Democrat Convention, (he worked for RCA) the factory he worked for and that his father worked for, closed, and moved the factory to China. I had uncles, who worked in the Steel Mills of Pittsburgh, now those steel mills are closed, and China makes America's steel. One of my uncles was 48, too old to get another good job, he lost his home, his children had to drop out of college. That's another thing we have to look at, 50,000 dollars a year for College or University, Many bright deserving kids are now unable to afford an education. John McCain thinks this is fair and just. Obama thinks everyone has the right to an education. John McCain has been in the Senate many years, he has had ample time for change, yet his record shows he voted with Bush 90% of the time. I was especially interested in the fact that he fought against benefits for our returning troops, when the vote for the benefits came on the floor, Senator Obama, and Senator Clinton voted for it, John McCain, simply skipped the vote. Not a good thing, I think the war is wrong, but those returning young men and woman need all the help they can get. I think it is strange that if you show a link to a misstep McCain has made, you are accused of being for socialism. The paper is accused of being a rag. We can't afford 4 more years of Bush policy, we can't afford to allow Aerial shooting of animals, where they run the animal to collapse and then shoot it. And our real sportsman, who go out in the woods and track an animal and walk and hike for hours, and then take a shot while the animal is on the run are true sportsman, and they know aerial shooting is wrong. So keep those links coming, the nice thing about America is you can read about both Candidates and make a choice.

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