CONTENT

  DEPARTMENTS



  DETAILS
Legend for Icons
 Article    Q&A

 Podcast  Video

 Blog  Discussions

PDF    Powerpoint
BankingQuestions.com Web

  Home >> Checks/Money Orders >> Checks You Received  
Should Stop Payment Mean Stop Shipment?

I received a check for goods that I sold to someone. I deposited it on Friday. Today is Saturday and the person emailed me and told me that she needs to make her order smaller. The problem is, I had to order the goods online, and had the money transferred into another account. If she stops payment, what happens? Should I take the money out and still send her the stuff? I already spent some of the money.


If your buyer stops payment on her check before it's paid by her bank, it will likely be bounced back to your account, where it could create an overdraft and cause overdraft charges. If you are able to prevent the shipment from going out to her, do so. Then get a replacement payment for the reduced order and start over.

Published on BankingQuestions.com 4/27/09