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Writing a check on an account with insufficient funds is allowed under certain conditions.

True
False

2 Answers

4 votes
nope, is not allowed, your bank will be more than happy to slap you with a bounced cheque fee.
User Soc
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8.9k points
6 votes

Answer:

This is FALSE.

Explanation:

Writing a check on an account with insufficient funds is never allowed by any bank. This will only lead to check bounce and sometimes can land you up in legal trouble. When a check bounces, you will have to pay your bank the bounce fee also. Hence, we should be careful while writing any check.

User Dmitry Ognev
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9.2k points