If you have deposited a check and it is returned through your bank marked "No Funds" it signifies that the check is worthless and that the person upon whose account it was drawn has no funds to meet it. Your bank will charge the amount to your account.

The best thing to do in such a case is to hold the protested check as evidence of the debt and write the person who sent it to you giving particulars and asking for an explanation. There is no advantage in having the check protested unless it has an indorser other than yourself. One of the bankers' journals gives an instance of a man who had a check for $900, which he took to get cashed. He learned that the drawer had only $700 on deposit, and knowing that he (the drawer) was embarrassed financially, the man deposited to the drawer's credit $200 of his own money, and then presented his $900 check and had it cashed.

Stopping Payment. If you wish to stop the payment of a check which you have issued you should notify the bank at once, giving full particulars of the check.