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1Likes- 15-Feb-2011, 07:20 #1
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"crossed, bad, dud, bounced" for cheques? Hi all,
Could anyone please tell me the differences? What happens exactly if a bank bounces your cheque?
Ta!
- 15-Feb-2011, 10:31 #2
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Teacher Re: "crossed, bad, dud, bounced" for cheques? A crossed cheque is one which must be paid into an account, it cannot be cashed. If a bank "bounces" your cheque, it refuses payment on it because you have insufficient funds to cover it. A bad cheque is the same as a dud cheque, the bank will bounce it.
Originally Posted by Mehrgan 
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