One can be arrested for writing a bad check and prosecuted criminally. State laws address the civil and criminal penalties for writing bad checks. A civil penalty addresses how much the recipient of the bad check is allowed to receive, and this amount can be higher than the bounced check.
The amount could be double or even triple the original amount plus damages and attorney's fees. Usually, a bad check does not become a criminal matter unless there is intent to defraud by the person writing the check. Most individuals cover a bad check as soon as possible, so criminal penalties do not come into play.Learn More
Direct deposit works by having one account, often an employer, send a payment directly to another account through electronic means. In order for this to work, the depositing account must have the routing number and account number of the account receiving the deposit.Full Answer >
Western Union Quick Collect comes with the option for tracking. Consumers are given a tracking number known as the MTCN, and it can be used to track a payment. Quick Collect focuses on payments for utilities, mortgages, vehicles and credit cards, as well as other expenses.Full Answer >
A quitclaim deed is a legal document that passes property from one person or estate to another. Unlike other forms of property transfer, a quitclaim deed does not provide a guarantee that the title is clear.Full Answer >
It may take a check a few business days to clear, depending upon how long it takes the payee to deposit the check and how long it takes the payor's bank to process and remove the funds from the account. A check is considering outstanding until it is cleared.Full Answer >