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If the amount of the checks is less than $300, this charge is considered a Class A misdemeanor, and the penalties can include fines and up to a year in jail. For checks amounting to more than $300, this charge may be elevated to a Class D felony, and the penalties could include jail time of one to five years.

You may be responsible for repaying the entire amount of the check. While bank policies and state laws vary, you may have to pay the bank the entire amount of the fraudulent check that you cashed or deposited into your account. You may have to pay overdraft fees.

A bad check is also known as a hot check and writing one is illegal. Banks normally charge a fee to anyone who unintentionally writes a bad check. The punishment for trying to pass a bad check intentionally ranges from a misdemeanor to a felony.

Prosecution of check writers should begin as soon as possible after the check was issued. The statute of limitations is one year for checks under $1,000 and is considered a misdemeanor. Checks over $1,000 are felonies and do not fall within a statute of limitations.

A check is an order to pay someone, that's all it is. "It has to contain certain features, and it can be written on anything," says Brian Black, managing director of operations and technology for the Bank Administration Institute. "As long as it has the elements, the surface doesn't make a difference.

If you write a check and there isn't enough in your account to cover it, it will be returned to the person or entity who tried to deposit it. This is known as bouncing a check. Bounced checks are also called rubber checks, and the technical finance term for this situation is called non-sufficient funds, or NSF.