Rates Current as of Sunday August 01, 2010

« I deposited a third-party check and spent some of the funds. My bank has now informed me that this check was insufficient and that I am liable for the entire amount. Is this correct?

The bank charged $34 for an overdraft, which seems excessive. Is there a limit? »

How many times will a bank allow an insufficient funds check to be redeposited?

Generally, a national bank will redeposit the check twice. However, there are no laws that determine how many times a check may be resubmitted.

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How many times will a bank allow an insufficient funds check to be redeposited?

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