As a business owner, you may occasionally get a bad cheque from a client or customer, and if the cheque bounces or comes back because of insufficient funds, there are some steps you may want to take to recoup the funds.
- Contact the writer of the cheque; it may simply be an error that can be fixed immediately.
- Consider requesting bank fees as well as the amount of the cheque from the issuer.
- Report the cheque writer to TeleCheck, a national database of writers of bad cheques.
- Contact an attorney about pursuing legal action to obtain the funds.
It is important that you consider reaching out to the client before taking legal action.