Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is a rubber check?

user-image
Question added by Syed Gazi Hussain , Sr Accountant , Creative Marketing & Advertising Solution Ltd
Date Posted: 2015/06/02
Syed Gazi Hussain
by Syed Gazi Hussain , Sr Accountant , Creative Marketing & Advertising Solution Ltd

A rubber check is a check that is not paid (or honored) by the bank on which it is drawn. The reason the check is not paid is the maker's account had insufficient funds or not sufficient funds (NSF). Instead of the check being paid, it will be returned (or bounced back) through the banking system. Because the check was bounced back by the bank, the check is described as a rubber check

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.