What happens to my checking account if my issued checks are returned?

There will be an Overdraft Fee for every bouncing check. The charge is PHP 2,200.00 for the first PHP 40,000.00 and an additional PHP 100.00 for every PHP 40,000.00 thereafter.
Three (3) bouncing checks issued by the depositor will mean closure of the account without prior notice and the depositor is required to surrender any unused checks in his/her possession.