Post # 1
I feel awful. I just got a notice from our bank that one of our guests checks bounced. I know this person is in a rough financial time and has a large family. I do not care that I got charged the fee, but I am wondering if I need to alert the guest? I would prefer not to but I am not sure if that information is something they should or need to know for their own financial reasons?
Any thoughts would be appreciated.
Post # 3
Their bank will alert them. I would refrain from trying to cash the check again until they contact you. Sometimes banks try to cash it again in a week or something, maybe you should tell your bank not to re-try. I’m pretty sure a bounced check generates overdraft fees for the person who wrote it.
Post # 4
@carriejuly: #1 They most likely already know the check has bounced. It will automatically show up in their account so you do not need to notify them. #2 You should get a copy of the bounced check that will allow you to then redeposit it back into your account.
As for how to handle this I just wouldn’t notify them or bring it up. If you already know that they are in a tough financial situation they are probably already embarrassed that the check bounced. I would wait until maybe like Friday to deposit the check again because typically people get paid on Friday’s so you would have a better chance to collect on the funds.
Post # 5
@slicey19: I agree – I wouldn’t contact the guest since their bank will contact them about it. I would more than likely just let it go since you know they aren’t in a good situation anyway.
Post # 6
Make sure the bank does not try to redeposit the check so that no more fees might beaccumulated for you or for them. Their bank has notified them so you don’t have to. If they don’t contact you and tell you to redeposit it, I wouldn’t take the chance of ever redepositing it again.
Post # 7
Thanks for your help everyone! I have never dealt with a bounced check before! Thanks for letting me know about the bank trying to redeposit it, I will let them know to leave it alone.
Thanks for the advice I really appreciate it, it is such a sensitive matter I don’t want to have to bring it up to him if I didn’t have to.
Post # 8
@MsBrooklynA: If I knew they were in financial trouble..and esp with a large family..I wouldnt try to cash it on a friday before other stuff comes out…What if they missed their mortgage payment bc my check came out or they went to go grocery shopping and insufficent funds…
Personally id let it go..sounds like they need the money more then you do..