Can a Paid Check Be Reversed?

by Neil Kokemuller
A returned deposit on a major check can get very stressful.

A paid check means that the originating bank on which the check was written has approved the release of funds. Once the originator has cleared the check, the payment typically isn't reversed. A problem may arise, though, if you deposit a check and use the "available funds" before the check has cleared the originating bank.

Returned Deposited Items

When you deposit a check, your bank normally makes the funds available within a day or so. The check is then sent to the bank from which it was written by the account owner. If the check writer doesn't have adequate funds or has a closed account, the bank denies the payment. If your bank then reverses the payment, you could run into a returned deposit fee and, potentially, overdraft fees if you've already spent the money.

About the Author

Neil Kokemuller has been an active business, finance and education writer and content media website developer since 2007. He has been a college marketing professor since 2004. Kokemuller has additional professional experience in marketing, retail and small business. He holds a Master of Business Administration from Iowa State University.

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