Every time you deposit a check to your account, you take some risks. Some of these risks are very small while others are very important. One major risk is spending funds that you don’t have in your account. Banks assume that your check is good and therefore can let you spend money from your deposit before the money written in your check is sent into your bank.
If by any chance your check doesn’t clear, you will have to pay back the money you spent. This is not a big problem if you have enough funds in your account because you will only receive a lesser amount. If your account has insufficient funds, your check will bounce until the day when you clear the debt. Checks can be very stressful for you the minute you make a mistake, even a slight one.
Lack of sufficient funds in your checking account will make any checks that you have written in the past several days be returned. This will come as a frustration to you. Your bank will also charge you for that and every check that bounces will be charged too. Be careful when depositing checks to your account. If you are unsure of a certain check especially a large one, you shouldn’t go ahead to deposit it. You are allowed to make your payments in other forms if at all you are worried that your Checks Unlimited check is going to bounce.