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What if a check is written to someone and is overdawn by more than a hundred?
Wiki User
∙ 11y ago
It depends on the law and the banks - which will vary from country to country. Also, in countries where human contact still counts for something in this sector (unlike most of the West), it will depend on whether or not your bank manager believes you can cover the overdraft - for example if the cheque was presented the day before your pay normally goes in. In that case, the bank may honour the cheque and simply charge interest for the overdraft.
In most Western countries, your bank will refuse payment, thus embarrassing you; it will then write to you telling you what it has done, and charge you for going overdrawn. The bank will also charge interest, not only on your overdraft, but also on the fees that you have had to pay from your overdrawn account.
All in all, the bank wins, you lose!
It depends on the law and the banks - which will vary from country to country. Also, in countries where human contact still counts for something in this sector (unlike most of the West), it will depend on whether or not your bank manager believes you can cover the overdraft - for example if the cheque was presented the day before your pay normally goes in. In that case, the bank may honour the cheque and simply charge interest for the overdraft.
In most Western countries, your bank will refuse payment, thus embarrassing you; it will then write to you telling you what it has done, and charge you for going overdrawn. The bank will also charge interest, not only on your overdraft, but also on the fees that you have had to pay from your overdrawn account.
All in all, the bank wins, you lose!
It depends on the law and the banks - which will vary from country to country. Also, in countries where human contact still counts for something in this sector (unlike most of the West), it will depend on whether or not your bank manager believes you can cover the overdraft - for example if the cheque was presented the day before your pay normally goes in. In that case, the bank may honour the cheque and simply charge interest for the overdraft.
In most Western countries, your bank will refuse payment, thus embarrassing you; it will then write to you telling you what it has done, and charge you for going overdrawn. The bank will also charge interest, not only on your overdraft, but also on the fees that you have had to pay from your overdrawn account.
All in all, the bank wins, you lose!
It depends on the law and the banks - which will vary from country to country. Also, in countries where human contact still counts for something in this sector (unlike most of the West), it will depend on whether or not your bank manager believes you can cover the overdraft - for example if the cheque was presented the day before your pay normally goes in. In that case, the bank may honour the cheque and simply charge interest for the overdraft.
In most Western countries, your bank will refuse payment, thus embarrassing you; it will then write to you telling you what it has done, and charge you for going overdrawn. The bank will also charge interest, not only on your overdraft, but also on the fees that you have had to pay from your overdrawn account.
All in all, the bank wins, you lose!
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoIt depends on the law and the banks - which will vary from country to country. Also, in countries where human contact still counts for something in this sector (unlike most of the West), it will depend on whether or not your bank manager believes you can cover the overdraft - for example if the cheque was presented the day before your pay normally goes in. In that case, the bank may honour the cheque and simply charge interest for the overdraft.
In most Western countries, your bank will refuse payment, thus embarrassing you; it will then write to you telling you what it has done, and charge you for going overdrawn. The bank will also charge interest, not only on your overdraft, but also on the fees that you have had to pay from your overdrawn account.
All in all, the bank wins, you lose!
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How would 202 be written out on a check two hundred and two or two hundred two?
It should be written as "Two hundred and two only".
How do you write the number 140 in words on a check?
It would usually be written as "one hundred forty and 00/100 dollars"
How do I write 5963.13 in word form?
Five thousand, nine hundred sixty-three and thirteen hundredths. If this is a dollar amount to be written on a check then it would be written as: Five thousand nine hundred sixty-three and 13/100 dollars
How do you write a check for two hundred thousand dollars?
To write a check for two hundred thousand dollars, start by writing the numerical amount in the box on the right side of the check. In this case, write "200,000.00." Next to it, write "Two hundred thousand dollars and 00/100." On the line below, write the written amount as "Two hundred thousand dollars." Lastly, fill in the recipient's name, date, and sign the check.
How do you write the number 860 hundred in words on a check?
860 hundred = 86,000 and is written on checks as: Eighty-six thousand and 00/100 dollars.
How would 202 be written out on a check two hundred and two or two hundred two?
It should be written as "Two hundred and two only".
What ia an inclearing check?
An inclearing check is a check written to someone that they cash or deposit.
Can you use a check endorsed by someone else?
No, a person cannot use a check endorsed by someone else. A person can only used a check written out to them and endorsed by them.
Who do you contact if someone has written you a bad check?
The police? His/her bank? Him/her?
What is a written order that instructs a bank to pay someone?
A check
How do you write 750560.80 when writing a check to someone?
If for example it is USA currency ... seven hundred and fifty thousand, five hundred and sixty dollars and eighty cents
What is an endorsed check?
An endorsed check is a check that was written to someone without a checking account, or someone who could not deposit the check, that has been signed by that person so that someone else can deposit it for them.
How do you write 1400.00 on a bank check?
Do you mean how would you phrase the written amount on a check for $1400? You could write either "fourteen hundred" or "one thousand four hundred".
How do you spell 917.53 on a check?
The US currency value $917.53 would be "Nine hundred seventeen dollars and fifty-three cents." On a check, it would typically be written "Nine hundred seventeen and 53/100 dollars."
Filling out a check for 1801.00 written in words?
One thousand, eight hundred one and 00/100 dollars
How is 145.76 worded when written on a check?
one hundred and forty-five dollars and seventy-six cents for example
How do you write a check for 12222200 dollars us?
Such a cheque would be written, thus: $12,222,200 (twelve million, two hundred and twenty-two thousand, and two hundred dollars).
