Pro tip: My biggest client's payment bounced right before rent was due...

I was at my kitchen table last Tuesday, checking my account for a $2,500 invoice that was supposed to clear. The money just wasn't there. I called the bank and they said the check had bounced due to insufficient funds. I immediately emailed the client, kept it professional but firm, and asked for a wire transfer instead. They apologized and sent the money the next day, but I had to put rent on a credit card for a day... Has anyone else had to switch payment methods on a client last minute like that?

3 comments

3 Comments

evan_burns9512d ago

My buddy had a client do that with a huge check once.

alex_johnson12d ago

Yeah that's wild. My friend's a contractor and a guy paid for a whole kitchen reno with a personal check that was like, comically huge. The bank put a hold on it for over a week, totally stalled the project. Felt so bad for my friend, he had to float all the material costs. Some people just don't get how that looks on the other end.

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owens.cameron11d ago

Used to think big checks were just a flex, but hearing stuff like this and what evan_burns95 mentioned shows how it actually hurts the contractor. I mean, that hold can really mess up someone's cash flow. Makes you see why people ask for bank checks or transfers instead.