Question

Name three things that result from bouncing a check.

Answer 1

When bouncing a check, three things can result: transaction rejection, overdraft fee, and negative account balance.

Step-by-step explanation:

When bouncing a check, three things can result:

1. Transaction rejection: The check may be rejected by the merchant, and you will have to find an alternate method of payment.
2. Overdraft fee: Some banks may allow you to spend more money than you have and charge you an overdraft fee, which can be quite costly.
3. Negative account balance: If you do not have sufficient funds in your account, the check will result in a negative balance at your bank.