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What happens if someone writes you a bad check and you deposit it into your account and then close the account before the check is processed? Are you responsible for paying that money back if the account is already closed?


Expert Michael Lim's Answer:

 Yes.  The bank will attempt to negotiate the check before closing the account, as they will need to zero out the account on the books before closing it.


The initial check will be deposited and credited to your account; when it is determined that it is an NSF check, it will reverse out, leaving you with a net zero transaction.

Michael Lim, CPA


16 yrs experience

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