Bad Check Notice


Overview
The Bad Check Notice is used to formally advise a person or company that their check was not paid by their bank.
A check is a conditional promise to pay.  The promise to make the payment is not completed until the bank pays the check amount
If a check is returned by the bank, the person to whom the debt is owed (the "payee") can pursue his or her rights to collect the debt.  
This letter notifies the person or company that wrote the check (the "drawer") that payment in good funds is expected by a certain date.  
A bad check notice should clearly identify the check that was returned, and provide a definite demand for correcting the problem.

When You Need It
-If a check provided to you is returned to you and you wish to pursue your right to collect the funds owed.

Getting Started

You will need:
-The name and address of the individual or company who provided the bad check.
-All pertinent details of the check written, such as the issuing bank, date, amount, check number, and payee.
-The reason given by your financial institution for the check being returned.
-The acceptable method for alternate payment of the funds owed.

When to Review and Revise 
-To correct or amend the information provided in the letter.
-To address the return of another bad check.

 

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