Definition of Returned Cheque in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Returned Cheque? Meaning of Returned Cheque as a finance term. What does Returned Cheque mean in finance?
A bounced cheque does not get reported to the credit bureaus (Equifax and TransUnion) anddoes not affect your credit score. Directly, that is. ... Also, if you do not pay off your balance or the NSF fee, the person you owe money to and the bank may send your debt to collections. ...
the check. For example, if Bob writes Joe a check for $200, but there is only $175 in Bob's account, then Bob has written a not-sufficient-funds check and the bank will refuse to transfer thefundsto Joe's account. It is also called an NSF check, a bad check or a returned ...