gavinwhyman
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Not fraud, but the cheques will bounce, you'll be charged a fee by the bank and the payee's will be pi$$ed off! Nothing will really happen but it will cost you a lot of money! |
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phooey
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Yes it is fraud.
If you backed the cheques with your guarantee card they will be paid rather than bounced but you will be charged either way.
As you are over your limit (and if this is not uncommon) the bank can ask you to return your chequebook and Card (they are owned by the bank and are only loaned to you) - if you keep issuing cheques backed by your guarantee card the bank will send Baliffs to collect your card.
Meanwhile your credit rating will be diving through the floor!
Ultimately the bank could issue a demand for all monies owed to be repaid in full, usually within 7 days, failure to do passes the debt to a debt collection agency and will result in an entry on your credit reference file similar to a CCJ.
If you haven't got it don't spend it! |
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Trollhair
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Actually, you can go to jail for passing worthless checks. I would suggest you start selling your personal belongings quickly to cover those checks. Also, contact the people you wrote the checks too. Tell them what happened to they won't keep running the checks through and giving you service charges. Be honest with people and they will work with you. Hide from them and you will go to jail. |
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tilly_toto
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Cheques will bounce, you will be charged more for the 'paperwork' and yes it is forbidden to write a cheque knowing you have no funds - whether or not fraud I couldn't say, but suspect so. |
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A Lady @ ALL Times
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Your checks are going to bounce, and you are going to have a lot of over draft fees; and whomever you wrote checks to (i.e. companies) you're going to have to pay their return check fees... if you wrote checks to individuals, there personal accounts are going to have to get drafted... stop writing checks... if you aren't responsible to manage your money; and if you know the funds are not in your account, do not write a check. You're just messing up your chance to get another banking accounting... b/c before long your bank is going to close your account out; and it's going to be extremely difficult for you to get another account. |
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des10euk
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Yes, technically it is fraud but unless one of the payees want's to sue you it won't go that far. If you check the original termas and conditions of your bank acccount you will find one of the clauses you agreed to was not to write cheques when you knowingly have no funds available for that cheque to be cleared. Bank would be severely upset with you if it wasn't for the fact that they would rather have the charges money. |
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waggy_33
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They could prosecute for your intentionally writing checks in this situation. Generally they will not release the funds to the payee, they will charge you an overdraft fee and the companies you wrote the checks to will contact the credit bureau's to have your credit rating reduced. |
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pianojono
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They'll bounce them, and YES.
What a prattish thing to do! |
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Polo
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That's very silly. Because of bank charges, you will end up paying much more than the amount of the cheques. |
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a99blkdog
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It fraud if you don't call the bank right away and fix it.. call them. In Virginia people get a year or two in jail for it. call the people you wrote the checks to and the bank today!! |
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k
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The cheques will go unpaid, and the Bank will charge you £35 for EACH cheque |
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mainwoolly
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Yes it's illegal to issue cheques in the knowledge that you haven't got the funds to clear them.
In reality if its a small amount that the bank are comfortable with, they may honour the cheques and charge you huge charges and interest for going overdrawn.
If its a large amount that they're not comfortable with, they will bounce the cheques and charge you a huge charge for bouncing a cheque.
but technically, yes it's illegal to have issued the cheques, |
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stephangie2001de
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? how can you write cheques when you know you are over your limit? the bank wont accept the cheques and you may lose your overdraft facility. in the worst case they get you done for fraud |
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Alik411
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your cheque will just bounce |
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musicman
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If ever there was a case for reinstating the death penalty.......... however this would be to good for you, i suggest you walk around in sackcloth and ashes, you have dishonoured your family name. |
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Agnes B
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firstly, they can bounce your cheques and charge you for this, or pay them, let you go even more overdrawn and charge you mega bucks for the privilege. I am not sure if this is technically fraud because you are not trying to do anything that the bank don't know about. But don't quote me on that. Your best bet is to contact them immediately and try and get an overdraft, that way you wont end up with loads of charges. |
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mad_madison_maiden_x
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Your checks will go back to the bank, and there will be no money in the bank. The bank will stamp NSF on your checks (non-sufficient funds). The bank will deduct $35.00 from your already negative bank account, putting you way, way into the negative. If you do not pay the bank its fees in a timely manner, the bank will close your account. The checks will go back to the merchant to whom you wrote them. The merchants will most likely write you a letter. Some still try to call. If you do not pay them the money you owe them, plus their $25 check fee, in a month's time, they will send your check to the District Attny's office. You will get a letter from the DA. You have approx. a month to pay. (often, minus the $25. merchant's fee that the store tacked on). If you don't pay the DA, there will be a warrent for your arrest. They won't actually come to get you. One day, you will be driving down a street, and, maybe, your tail light will have burned out.... and that is when you will get handcuffed and sent to jail. The ugly world of bad checks--you really want to pay more attention to funds available and never write a fraudulent check again. |
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TIMOTHY D L
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Banks charge outrageous prices for bounced checks. If there is any way of getting the money in the bank before the check come in, that would be the best. |
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Gone fishin'
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Your bank will reject the cheques as NSF (insufficient funds). You will be charges a fee for each cheque that could not clear. The cheques will be sent to the people you wrote them to and they will be able to put you into collection. This is fraud. |
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Tim G
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If the checks are relatively small, all you will get is a fee. If they are for a significant amount then it is fraud and you will go to jail. |
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J. Charles
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No it's not Fraud!
The bank may refuse to Honor the Amount on The cheques and Bounce them(That would mean you get Charged for Unauthorized Use).
Best Option would be to Go to Your bank and Tell them your situation-They sometimes will offer a Debt conciliation service to help you over come (Long or Short term) Debt!
But Go see them! |
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Webballs
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No, it will just bounce. |
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xhoneybeex
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not, it will bounce, unless there is an overdraft in place!! |
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