In addition to your checking account, you may set up an additional account which holds extra money that can be used if your checking account doesn't have enough money to pay a check you have written. The extra account you set up can be made up of your savings or a credit line, in which the bank basically loans you the money to cover the bad check until you can pay them back. This service comes with fees. And if the bank loans you the money, it will most likely charge you a high interest rate. The bottom line.
Every chick bounces a check once in a while.
But if you make it a habit, you'll be losing so much money that you won't even have a checkbook. The tale of a former credit card slave. Get out of plastic prison fast with help from our tip-filled guide.