Beware of Floating Cheques...

iVillage Member
Registered: 07-06-2003
Beware of Floating Cheques...
11
Mon, 08-02-2004 - 9:20am
I just read this report and I thought it best to share it with everyone.

http://moneycentral.msn.com/content/Banking/Betterbanking/P90617.asp

Kassandra

Kassandra

"It is said that life has its peaks and valleys.  The challenge is to accept them equally and experience them

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iVillage Member
Registered: 04-21-2004
Mon, 08-16-2004 - 7:55am
Thanks so much for posting your experience. I am embarrassed to say that I have bounced many checks. I always think I will have the money in the bank by the time the check clears. But that is not always the case. My account is currently overdrawn and has a hold on it. We are paying it off slowlyn and closing it. I don't want the temptation. We have been paying cash,money orders, and western union for everything. It's so much simpler and when the money is gone, it's gone. I can't "use next weeks paycheck before it gets here." I have always feared that I would get into trouble for bouncing a check and now you have put the fear into me of going to jail. Thank you! I needed that! I will stick with our savings acct for now until we can get things under control. thanks again.

kel

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