Can a cheque be returned after it’s deposited?

Yes, a cheque being cleared doesn’t guarantee that the cheque won’t be returned. This means that, even if a cheque has been processed and the funds became available, it’s still possible for the cheque to be returned.

If a cheque you’ve deposited is returned, we may reverse the deposit in your Account – even if the reversal creates a negative balance. You’d then be responsible for the reversed amount and any charges incurred. Information about fees for returned items and other charges associated with your Account(s) can be found in our Fee Schedule.