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Recently, I was away so I used an ATM for another bank and it took the money out of a different account than the one I had intended. I had already written a check out of this account, and the withdrawal lowered my balance to below the amount the check was for. As a result, the check was not allowed to go through. It was just to my doctor and I’ve already sent a new check. Is banking tied to your credit score? Will this go on my “permanent record”? I’m concerned because I’m 21 and, although my credit is spotless, it is all credit cards and student loans, so one goof might have more of an effect for me than for somebody more established.

3 Thoughts on Does bouncing a check affect your credit score?
  1. Reply
    L R
    August 30, 2011 at 9:46 pm

    No it should’nt as long as you pay the bank off right for insufficient funds

  2. Reply
    August 30, 2011 at 10:23 pm

    The only time your banking turns up on your credit (as far as transaction on your checking/savings) is in the event that your account stays negative for so long that the bank “charges off” your account..and then that balance goes to collections, and then…then it shows on your score, other than that you are good!

  3. Reply
    August 30, 2011 at 10:54 pm

    No, won’t affect your credit. Dirty little secret in the banking industry is that they LOVE bounced checks – $ 20 to $ 40 fees every time. Just make sure to pay the fee to the bank right away.

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