Jump onto the dog and bone ASAP
I had my paycheck bounce one time and found out that several other checks had bounced. So I temporarily held onto the one R8 receiver and data collector that didn't have a note until it cleared. This was a week a armed IRS agent came in and yelled at the boss for not paying taxes.
> I have a fairly new client (3rd job - $350) whose check bounced. After 6+ years this is the first bounced check. How do you handle this type of situation?
> Thanks for all responses.
First time...Client must make good on check plus any bounce fees.
Second time...Client must make good on check plus any bounce fees.
No third time since client must now pay cash.
Scott
I did a job for BB&T bank. After having to 'remind' them that their invoice had not been paid, they issued a cashiers check to me in the mail.
I was driving by one of their branches and though I would just cash it as pocket money for a long weekend.
A cashiers check drawn on their bank from them for work they were late in paying was going to require a fee to cash. I told them forget it and went to my bank to cash it.
It is amazing how tightly they want to hold onto some scraps of paper.
The bank I use has branches scattered around. As I roam the area visiting friends or family, most of the time I will use whichever branch is most convenient to where I am headed that day.
At the "big city" branch, they always claim it will be a 10 day hold on larger deposits (to them over 5K).
I can take the same amount to the friendly small town branch and they will often times wave any hold and tell me they did so and the funds will be available tomorrow.
It makes no sense to me.
I consider myself an easy going kinda guy, but I would have had my hands around the bankers neck on that one.
The only sense it makes is during a 10 day hold they have your money for 9 days. The rest they tell you is just BS.
