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NSF Check

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Not-Sufficient-Funds Check
A check that a bank refuses to honor because there is not enough money in the payer's checking account to cover the amount of the check. For example, if Bob writes Joe a check for $200, but there is only $175 in Bob's account, then Bob has written a not-sufficient-funds check and the bank will refuse to transfer the funds to Joe's account. It is also called an NSF check, a bad check or a returned check.

NSF check
A check not honored by the bank on which it was written because of insufficient funds in the drawer's account. An NSF check is an overdraft.


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NSF Check Recovery and Centralized Returns NSF Check Recovery & Processing: 1) Merchant (payment intake) locations deposit consumer checks to Local Depository Banks.
Financial institutions typically charge less for electronic NSF checks than for their paper counterparts.
 
 
 
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