I got a notice from my bank today that a check had been paid and that I had been charged a no-bounce fee (insufficient funds). I was caught off-guard by this, since I’ve moved out of state and haven’t written any checks on that acct. in a while. I had actually run it down almost to zero and was going to mail paperwork to close it this week.
It turns out the check is one I had written to a gardener 5 months ago, in February, and he only cashed it now. It got me to thinking–what would have happened if I had closed my acct. more quickly (last month, say)? What happens to him, me, the bank in a situation where someone tries to cash a check after an account is closed?