NSF check

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.
References in periodicals archive ?
The acquired companies include (1) Check Recovery Systems, a leading NSF check recovery company serving small businesses and middle market companies; (2) NetChex, a bank draft processor offering merchants the ability to process check-based payments that settle electronically; (3) Universal Payment Solutions, a provider of data access tools necessary to effectively manage every facet of merchant processing for businesses requiring lower-cost ACH processing services.
Check Recovery Systems, a market leader providing NSF check recovery to middle market companies and small business throughout the United States, recently merged with its sister companies, NetChex (end-to-end bank draft processing) and Universal Payment Solutions (ACH processing).
July 15 /PRNewswire/ -- Check Recovery Systems, a market leader providing NSF check recovery to middle-market companies and small businesses throughout the United States, has merged with its sister companies, NetChex (end-to-end bank draft processing) and Universal Payment Solutions (ACH processing).
A re- presented check entry is a consumer NSF check that is re-presented for payment electronically rather than through the paper check collection system.
Using encryption and other security techniques, OneSite now delivers credit detail or summary reports, along with eviction, criminal, NSF check and other detailed consumer data," said Winn.
Unfortunately, as a part of doing business, occasionally you may receive an NSF check from one of your customers.
For this privilege, the account holder pays the bank the same fee to pay his/her NSF check that would be paid if the check were returned.
net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment, credit card processing, and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.
This verification will significantly reduce the number of non-sufficient fund (NSF) checks and reduces efforts to obtain those funds from the check writer to cover the purchases made with a NSF check.
net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.
Utility companies, for example, are still sending out a truck and a crew to disconnect service due to an NSF check, only to turn around a few days later and turn it back on," noted Lufkin.
Hill is one of the pioneers of the electronic NSF check collection industry and an accomplished electronic payments services innovator.