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  1. #1
    Mehrgan's Avatar
    Mehrgan is offline Key Member
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    Default "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!

  2. #2
    bhaisahab's Avatar
    bhaisahab is offline Moderator
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    Default Re: "crossed, bad, dud, bounced" for cheques?

    Quote Originally Posted by Mehrgan View Post
    Hi all,
    Could anyone please tell me the differences? What happens exactly if a bank bounces your cheque?



    Ta!
    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.

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