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Generally, if your bank credited your account, it can later reverse the funds if the check is found to be fraudulent. You should check your deposit account agreement for information on the bank's policies regarding fraudulent checks. Fraudulent checks may be part of an overpayment/money order scam.

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.

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.

If someone writes you a check that bounces after you deposit it, your bank can reverse the deposit and charge you an NSF fee or ?returned item? fee. If you want to retrieve the money from the writer of the check, it's up to you to take care of it.

It is also a crime to forge a check or write a check. If you believe you are a victim of a crime, report this to your police department, sheriff's office, or district attorney's office. You may also sue someone who writes you a bad check without having a valid reason for doing so.

Wait and redeposit the check: The check issuer may ask you to simply wait a few days and redeposit the check. If you can, try to cash the check at the issuer's bank so that if it bounces again, you won't get hit with another NSF charge by your bank.