Cost of a Bounced Check --> RE: Bounced Check Policy - How much?

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Here are some other businessman's policies and also some info on average bank charges.

http://www.htworkshop.com/hd_0.htm

BOUNCED CHECK POLICY

A check returned to us due to insufficient funds in your account will incur a $5 processing fee plus the fee assessed by our bank (currently $10 per bounced check). The total bounced check fee is $15.

All payments after such an occurrence must be made by certified bank check, money order or cash.

http://www.townofnorthbranfordct.com/town_services/tax_collector.htm#7

7. What is you bounced check policy?

My bank just informed me that my check bounced. Can I reissue a new personal check to cover this?No. The Town’s policy with regard to this situation is thus:Payments must be made with cash, certified check or money order. This applies to any payments made to the Town for a period of one year after the returned check was paid.

http://www.lendleaders.com/legal_notices.htm

Bounced Check Policy

1. A check returned to us by our bank due to insufficient funds in your account will incur a $25 fee plus the fee assessed by our bank ( $10 per bounced check). The total bad check fee is $35.

2. All payments after such an occurrence must be made by certified bank check, money order or wire transfer.

http://www.drblanscet.com/policies.htm

Bounced Check Fees:A fee of $25.00 will be charged, in addition to the original fee, if the check is returned unpaid.

http://www.c-o-r.com/forms/CWO_OfficeVisitRegistration2007.pdf

Any payment made by check that does not clear your bank account will result in a fee for

insufficient funds. Our fee for insufficient funds is $25 and will be added to your account for

each bounced check.

http://www.ovdental.com/images/OVDE_Registration_2.pdf

A $30 fee will be assessed for any bounced check.

http://www.bankrate.com/brm/news/chk/chkstudy/20070924_checking_study_fees_a2.asp?caret=2

Bounced-check fees hit new highs"Records are made to be broken" as the old saying goes, and there are lots of records broken in the latest edition of the checking survey.

Let's start with the punitive fees that have historically posted the most consistent increases. This survey was no exception, with the average cost for a bounced check and withdrawal from another bank's ATM reaching new highs.

The average cost of a bounced check, often referred to as a nonsufficient funds fee, climbed 3 percent since last year's survey to a record high of $28.23. Of the banks in both this year's and last year's surveys, 88 banks increased the cost of a bounced check, while just 19 banks decreased it. Also worth noting is that Bankrate.com gathers the cost of the first bounced check, and with the use of tiered structures by some banks whereby bouncing additional checks costs even more, the cost of overdrawing an account can quickly escalate.

Locke, MD