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Banking Term: Bouncing of Cheque

Apr 28, 2015 15:08 IST

    Banking Term: Bouncing of Cheque

    • Bouncing of Cheque means where an account does not have sufficient balance to honour the cheque issued by the customer
    • The cheque is returned by the bank with the reason "funds insufficient" or "Exceeds arrangement”.
    • Bouncing of Cheque is written inadvertently by people who simply were unaware that their bank balances were too low.
    • It is always a good idea to have a small overdraft line of credit to cover such situations, or keep a close eye on your balance near bill-paying time.

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