Thursday, December 15, 2011

What does a returned deposit mean ?

If i deposit a check and i call or check online and i see returned deposit , what excatly does Returned Deposit mean ?|||it means the instrument you deposited, be it a personal or company check, BOUNCED, and they deducted the amount of said check plus processing fees immediately from your account....|||sounds like the check bounced.|||The check did not cash|||It means the check you deposited into your account was returned for insufficient funds, closed account or a stop payment. So they reverse the credit from your available funds|||I would think that this means that the check didn't clear (was bad) and it didn't get deposited.|||. It means that a check you deposited from someone was no good and was sent back to the bank it was written on. The amount of the bounced check and usually a fee too is deducted from your balance when that happens. A deposited check that bounces (the deposited check is returned unpaid by the bank on which it is drawn) is deducted automatically on the depositor鈥檚 bank statement|||normally it means the check you deposited was made of rubber and it bounced!!!

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