Prevention
Steps that can be taken to reduce the likelihood of a bad cheque include:
- Carrying a higher balance in the checking account; that is to always have a "buffer" amount just in case an unexpected cheque does clear.
- Better balancing techniques
- Overdraft Protection - This may be in the form of a link to a savings account for which funds will be automatically transferred, a credit card, or a line of credit designed specially for this purpose.
- Using a credit/debit card or cash instead of cheques.
Read more about this topic: Non-sufficient Funds
Famous quotes containing the word prevention:
“... if this world were anything near what it should be there would be no more need of a Book Week than there would be a of a Society for the Prevention of Cruelty to Children.”
—Dorothy Parker (1893–1967)