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Re: Bad Checks
Something I have learned from my one and still outstanding bank check experience is to take notice of the series number on the check. After the check bounced, I took notice that the check number was 101 which is typically the first in a series of checks. The bank teller at the bank where the check was drawn did at least let me know that no checks were ever cashed on the account and it was only being used for debit card activity.
While I know this is not in itself indicative of a check that will bounce, it is a possible warning sign.
Also, before you ever think about depositing an amount of money into a deadbeat's bank account for the purposes of getting the check to clear at your bank, see how long it takes your bank to attempt to extract the funds once you deposit the check. My bank takes anywhere from 7-10 days to collect after I deposit the check which is far too long and could allow anything to happen. My next plan is to look into opening an account at the deadbeats bank. If they can say that the check will clear the same day with funds in the account, I will open an account and close it as soon as the check clears.
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