Number Pages In Legal Iowa Bad Checks Forms For Free

The merchant may claim either triple damages (three times the face value of the check, as long as the total recovered would not exceed by more than $500 the face value of the check) or a $30 bad check surcharge (pursuant to Iowa Code §554.3512).

People who write bad checks are normally charged fees by their banks and they could be on the hook for any fees incurred by the payee as well. Knowingly writing a bad check may constitute a misdemeanor or a felony, depending on the amount of the check and the state in which it was written.

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.

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.

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.

The merchant may claim either triple damages (three times the face value of the check, as long as the total recovered would not exceed by more than $500 the face value of the check) or a $30 bad check surcharge (pursuant to Iowa Code §554.3512).