esteph9595 esteph9595
  • 14-05-2020
  • Mathematics
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True or false
Writing a check on an account with insufficient funds is allowed under certain conditions?

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alexoconnor360
alexoconnor360 alexoconnor360
  • 14-05-2020
False. A bad check refers to a check that cannot be negotiated because it is drawn on a nonexistent account or one that has insufficient funds. Writing a bad check, also known as a hot check, is illegal. Banks normally charge a fee to anyone who writes a bad check unintentionally.
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