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However, if the amount of the check was between $750 and $50,000, then you will be charged with a Level 6 felony, punishable by six months to 2.5 years of incarceration and a fine up to $10,000.

When there are insufficient funds in an account, and a bank decides to bounce a check, it charges the account holder an NSF fee. If the bank accepts the check, but it makes the account negative, the bank charges an overdraft fee. If the account stays negative, the bank may charge an extended overdraft fee.

Check Deception ? writing a bad check on a closed account, or knowing that there is not enough money in the account to cover the check, is a criminal offense, punishable by up to a year in jail and up to a $5,000 fine.

The charges depend on the check amount. For example, knowingly cashing a bad check for $1,000 to $74,999 will be treated as a misdemeanor, while doing the same for a check for $75,000 or more will be treated as a felony. The misdemeanor could result in a fine between $1,500 and $10,000 and jail time ? up to five years.

Cashing third-party checks can be risky. Depending on the circumstances, you could face the following issues: Delayed funds: With third-party checks, the bank could take more time to verify the check and put a hold on the funds. If you rely on that money to cover your bills, that delay can be a costly problem.

Many people who deposit checks are unknowing victims. But depositing a check, even if you didn't realize it, can have serious consequences: You may have to pay back the full amount of the check. In most cases, once a check is found to be fraudulent, the amount will be charged to your bank account.