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When Will My Funds Be Available/Released From the Hold?" Accessed April 13, 2020. " Answers About Funds Availability: I Deposited a Local Check. " What Is a Returned Deposited Item?" Accessed April 13, 2020. " 85.22 Deposit Adjustments and Returned Payments." Accessed April 13, 2020. " Consumer Compliance Handbook: Regulation CC Availability of Funds and Collection of Checks,".

" Dictionary of Banking Terms and Phrases." Accessed April 13, 2020.īoard of Governors of the Federal Reserve. For example, you might have to write a demand letter, and if that fails to provoke payment, file a lawsuit against the check writer or send their account to a collections agency. Seek out legal remedies: If the check writer will not make good on the returned check, you may have to take more aggressive actions to get your money.Some banks will be unwilling to verify funds because of privacy concerns, but they may still confirm whether the associated bank account exists. You can also try to save yourself a trip by calling the bank and asking to verify funds on the check. The beginning or end of the month might be a good time to try and collect if the person gets paid with direct deposit. Time it right: If you’re fortunate, you'll be at the bank shortly after the check writer has deposited money.

When you visit the bank in person, you may also be able to avoid a returned-check fee for depositing bad checks. The money you need (if it exists) will be at the check writer's bank, not yours.

Visit the branch: You can also go to a branch of the bank the check draws on and try to cash it.

This is one reason it’s good to verify that checks always show a current phone number. It may have been an honest mistake, and they may have every intention of paying you. Contact the check writer and request that they make good on the payment.

Just ask: For starters, try to collect the money.