Post # 1
My landlord held onto my rent check for 10 days and I ended up eventually just losing track of the fact he hadn’t deposited. And the check bounced when he finally did deposit it. Plus, I made another purchase with my debit card yesterday so I’m probably going to get hit with TWO overdraft fees ($70). I just woke up to the alerts in my inbox.
I bank with Chase and it’s the first time it’s happened, but I’ve also only been a customer for six months. Do you think they will waive the fees if I throw myself on my sword?
Also, how can I keep this from affecting my rental history in the future?
I’m so embarrassed. I can’t believe I did this.
Post # 3
- Wedding: July 2014 - Prague
It’s always worth calling and crying. You might get a softie who can help you out.
I’d speak to the landlord, too. It’s possible he/she will be understanding if it NEVER happens again.
Post # 4
Contact your landlord immediately and fall swiftly on that sword. Make sure he/she hears it from you and not their bank. Apologize profusely and let them know you are rectifying the situation immediately. Don’t forget they will also get charged by their bank and you need to cover that too.
Post # 5
After you deal with the landlord, remember to start keeping your checkbook balance up to date. If you subtract the rent check when you write it, it doesn’t mattter how long the landlord takes to cash the check, the money will be there.
Post # 6
@worldtraveler: First check with Chase. It’s possible you have overdraft protection and, while the check didn’t have funds to cover it, Chase may have paid your landlord. If this is the case, then your landlord got his money and you don’t need to call him to explain anything. That also means it won’t affect your rental history.
Post # 7
I would definitely call and cry to Chase. Tell them it was a complete mistake and ask them if they could refund it. Sometimes, online support helps more than the call centers do. (just from my experience working at another bank).
Also, I bought my car from my moms friend. I make payments on it every month, she is constantly waiting to cash my check… like all of the time. One time, she lost one and found it 3 months later. I had totally lost track of it and thank God my bank covered the check.
What I did was online bill pay. It’s really easy to use, and then you NEVER have to worry about someone holding onto a check. And you don’t get that embarassment! They should be able to set it up for you. Just talk to your landlord about it beforehand. It might be a good option for you!
Post # 8
@worldtraveler: I’d call Chase and ask if they can remove it, it’s your first offense and how to set up overdraft protection.
The handful of times I have wracked up any overdraft fees or late payments in my 20 years of baking as an adult, I’ve managed to talk my way out of it with little effort!
Ditto Julies! I use a spreadsheet that subtracts all the checking withdrawals for the month, so that I know what the true amount in the checking is.
Post # 9
I believe Chase has overdraft forgiveness once a year so you might be able to get one fee taken off. I don’t know if it’s for long-time customers though. Definitely worth calling them and asking, they’re a pretty good bank to deal with.
Post # 11
They will probably not waive the fee. But you can get alerts from chase mobile to avoid this in the future
Post # 12
Ive had six charges reversed this year. Thats not the norm though, but im sure they will reverse yours.
Post # 13
I bank with Chase and they are very forgiving.
I’ve bounced a couple of things this year — can’t remember the exact details — but it was clearly my fault and I knew I had screwed up. I called them and both times, they removed the fees with no questions. I LOVE Chase! LOL
Even though my checks “bounced” and I got hit with fees, Chase still honored them and paid them. So the stores where I’d written the checks never knew that they had bounced. This is probably the case with you as well — so no, it won’t affect your rental history.
Post # 14
@worldtraveler: Call your landlord and say you’ll get them a new cheque asap. Also call the bank and ask for forgiveness. Some advice: make a budget. I have every dollar I earn budgeted toward something, and a specific amount of cash I take out each week so it’s impossible for me to lose track of things like rent. Although, I’m not judging you – this has just been the past 5 months or so. I also bounced rent chequest, when I was a student.
Post # 15
@worldtraveler: Do you have any overdraft protection to make sure the check did go through? If not, you need to first IMMEDIATELY contact your landlord and find a way to get him the money (plus his fee for cashing a bounced check.)
Second, the only thing you can do is try. Typically banks will reverse it for the first time or at least charge you only one fee since you didn’t realize it before making other purchases.
Most online banking sites allow you to enter checks which they deduct from your balance so you don’t overdraft before the check is cashed.
ETA: You may also consider (based on how he responds!) asking him to set a date he needs to cash checks by. It only seems fair considering you have a date by which you have to pay him.
Post # 16
@worldtraveler: I have a separate account for things that I have to write cheques for. It’s attached to my regular account but I can’t access it at point of sale – only online/abm. I know that money in that account is there to cover a payment and therefore i cannot spend it!