Resolved Question

If a cheque bounces does it show up on your statement?

I wrote a cheque a few weeks ago, I had sufficient funds in there but a direct debit I'd forgotten about went out so for a few days there were not sufficient enough funds to cover the cheque. I ensured there was more money going in as soon as I realised but nothing has shown up on my statement... I can't work out if the cheque has bounced or the payee is just taking their time cashing it... Or would the cheque take longer to clear as the funds were so sporadic over the week where it might have been cashed?

Best Answer - Chosen by Asker

When the cheque is presented it will show as a debit on your bank statement, as if it had been cashed. Then, if the cheque isn't honoured, within the next day or two it will show as a credit, as if the money was taken in error and repaid.
If you see the money being debited, don't assume the cheque has been paid. There could be a day or so before it hits your account as unpaid.

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Other Answers (3)

• A bouncing cheque usually shows up twice on a full statement, once on each side so the net result is nil. I'd guess they haven't "presented" it yet, as the banks say.
• Yes it will show on your statement, along with the hideous charge the Bank will hit you with!
• it all depends on the timing, and if you're concerned then it's best you immediately call the bank and find out what's happening on your account so you don't overdraw it.
  
  When you overdraw your account immediately a fee is assessed (maybe up to $40) and if it's not cleared up immediatly (and how could it since they don't call you anymore like they used to but instead they send you a notice by mail which takes about 5 or more days to get to you) and if you don't clean up the shortage then immediately then send thru another fee (another $40). So you're going to be short even if it didn't show up yet on your statement (statement could have been done a week ago before the shortage even though you're getting it just now). Anyway you may be short by $80 plus that check that bounced, so don't go spending.
  
  The way you avoid overdraft charges is to get that bank's Visa card. I think they would allow overdrafts (won't charge you the $80 one time per year)