No. Most banks no longer allow us to check for the availability of funds before redepositing a check. Therefore there would be a risk of additional penalties and further delays in receiving funds, if a returned check was redeposited. The procedure now is to reverse the record of payment, which triggers the interest and penalties on the account as if it had not been paid at all. A penalty is applied for the bad check and the taxpayer is notified of the new balance due. At that time, it is requested that cash, money order or a bank check be submitted for payment.