Originally posted by BradleyT
Here's how it works.
. The cashier runs your check through TeleCheck and get an approval code from TeleCheck. This approval code guarantees the merchant will recieve the amount of the check as long as TeleChecks rules have been complied with (name/address printed on check via computer, D/L number on check, etc....).
card that keeps track of check bouncers) and they will call TeleCheck for a "Paid at Store" removal - which will get you removed from TeleCheck in approximately 72 hours.
So in about 2 weeks (to six months) TeleCheck will send the merchant a check that covers all of the bad checks it had guaranteed. The grocery store I work at gets an assload of bad checks. By March of this year the total was already $22,000 (weekly sales avg ~200K). Anyway TeleCheck had gotten over 6 months behind on payments(to the tune of over $30,000) for guaranteed checks, so the store switched to Check Systems (which uses multiple databases but does not use the D/L - just the check routing/account numbers).
So....the merchant will only have a photocopy of your check. They HAVE to send it to TeleCheck to get their money for the check.
Not sure about the SOL on checks, but we've had people come in and pay (this year) bad checks from '96 because the store owners actively pursued these debts and was getting people put in jail for passing bad checks. One guy who came in last month had to spend 30 days in the pokey as well as pay the check amounts + fees for his restitution.
Bad checks can get you in a lot more trouble than CC debt.