Bounced Cheque Information
A cheque is a universally accepted form of payment. It requires the input of information such as the amount paid and the person or institution the amount is being paid to. There are several reasons as to why your cheque can bounce. The most common and primary reason for a cheque being bounced is NSF. NSF stands for nonsufficient funds which mean the account holder does not have enough funds in his or her account to be able to pay the amount.
Another reason why your cheque can return is that you have put in the wrong information such as the name of the person the amount is being paid to has been put in incorrectly due to which the cheque bounced. The receiver of the bounced cheque is obligated to inform the person paying that his or her cheque has been bouned. Refer to the Bounced Cheque Information letter given below:
Bounced Cheque Information – Sample
Beverly Park 2
DLF Ph II
Escola Football Academy
Subject: Cheque Bounced
Respected Ms. Khanna,
As you are aware at the end of each term, the guardians of our students have to submit an amount of INR 25,000 as part of their fee for football training. You had submitted your consent for your son, Khush to continue his training with us another semester which lasts for six months.
Along with your consent, you had sent a cheque of INR 25,000 of HDFC bank. Ma’am, I regret to inform you that we have received information from your bank that your cheque has bounced. Our accountant went and inquired about the reason for this, and he was informed that you had written the cheque to the wrong name.
You had addressed the cheque to Escola however it was supposed to be Escola Football Academy Pvt Ltd. I apologize for the inconvenience caused and request you to send the cheque to the right name latest by the end of this month as we have to maintain a record of the amount deposited in our name for this quarter.
If it makes things easier for you, I can send a runner to collect the cheque from your house itself so that this matter can be closed at the earliest.
I am hoping to hear back from you as soon as possible and thank you in advance. Please contact me at 186283