1) Someone writes me a check for $5,000, I deposit it. Check is converted to an IRD for $500.00. I write several checks totalling $4,000. My guess is that the IRD would wind up in the payor's account or payor's item processing area - yes? I'm charged a few NSF fees because the checks I wrote couldn't be paid. I should be able to get the IRD to prove the amount change, yes? And, once that amount change is proven, I should get recredited for the $5,000 and all of the NSF fees on the $4,000 worth of checks that initially couldn't be paid?

2) The $5,000 check is actually written on a closed account - it's no good. If that check is converted to an IRD somewhere along the way, I'd probably get the IRD but ultimately any provisional recrediting would be reversed because the original check was written on a closed account - yes? so even if the IRD was for the wrong amount - $500 instead of $5,000 - it ultimately wouldn't matter - I'd still be liable for any returned deposit item fee and any NSFs - right?

Any thoughts?