Not-sufficient-funds check

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Not-sufficient-funds check

A bank check having insufficient funds to back it.

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.
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He circled the names of certain members listed on the report and instructed Ruksenas to pay the NSF checks Spirikaitis had circled, court documents show.
We started noticing [non-sufficient fund] fees and NSF checks bouncing," she said.
com directly to their account and no longer have to worry about NSF checks or make trips to the bank.
Collins Enterprises helps small businesses fight Credit Card and Check Fraud as well as Identity Theft and NSF Checks.
Additionally, the finance office had the overwhelming task of trying to collect on NSF checks.
A related expense reduction comes lower fees incurred from NSF checks.
Reducing the number of NSF checks accepted through a verification process which takes as little as 24 hours and uses a military-specific database.
They not only get more prompt paying residents with fewer NSF checks, but they also reward their residents by giving them a long-term record of their rent payment history.
NSF checks and overdrafts are checks written by the customer against insufficient funds; NSF checks are returned unpaid, but overdrafts are honored.
We also found inconsistent documented evidence of disciplinary actions against cardholders who wrote NSF checks, or had their accounts charged off or put in salary offset.
Throughout the period, nearly all depository institutions charged for NSF checks and overdrafts, and the fees were generally $2 to $3 higher than for stop-payment orders.