On 2005-11-10, Cub Driver usenet wrote:
How could anyone be so dastardly as to try to collect on a bounced
check?

A *decent* banking system prevents this from happening to the customer
at all. Checks - which really are deprecated these days - (for some reason,
spelled 'cheques' here) must be covered by a 'cheque guarantee card' here.

If not, the retailer probably won't accept them.

A cheque guarantee card basically guarantees the bank will pay the
retailer no matter what - so the retailer isn't on the hook to chase bad
cheques. If it's stolen (rather than just the customer didn't have the
money), it becomes the bank's problem. However, these days, with
electronic checks, that's unlikely to actually happen. In any case, no
one seriously uses cheques here any more for store payments. They are
only kept because they are convenient for settling payments with other
individuals or small traders - and the cheque guarantee card protects
them, too. For everything else, I don't know anyone who doesn't use a
debit or credit card.

--
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