2 ms·
Does writing a check on a bank you know to be insolvent count as writing bad checks (which is a felony in some states)? IANAL and it’s quite unclear to me.
by School-Cotton 4y ago
Does writing a check on a bank you know to be insolvent count as writing bad checks (which is a felony in some states)?
IANAL and it’s quite unclear to me.
- tim-- 4y agoI would think that it wouldn't be an issue, so long as your total for written checks that have not cleared is both not over your balance amount, and not over the FDIC $250k limit, but IANAL as well.
- School-Cotton 4y agoAh, I hadn’t considered the FDIC insurance aspect. I was imagining writing checks that you had reason to believe weren’t worth anything.