NSF Fee

(redirected from Non-Sufficient Funds Fee)

NSF Fee

A fee one must pay in the event that one bounces a check. For example, if Joe writes a check to Bob for $500, but there is only $400 in Joe's checking account, Joe may have to pay an NSF fee to his bank to discourage him from writing bad checks.
References in periodicals archive ?
You will know in three days or less whether a check is good," Kaplan said, adding if it is not, EzPayment's non-sufficient funds fee is less than that charged by a bank for a returned paper check.
GOBankingRates' methodology evaluated the APY, minimum deposit, monthly maintenance fee, non-sufficient funds fee and minimum balance required to waive a fee.
The average non-sufficient funds fee at credit unions is $26.
In this case, the institution will charge a median non-sufficient funds fee of $28 and the retailer that received the bad check will charge a median price of $30, bringing the total damage to $58.
The Settlement Class includes all persons in the United States who currently have or in the past had a BancorpSouth account on which at least one non-sufficient funds fee or overdraft fee was charged and collected betweenMay1, 2004 through and including December 31, 2011.
The decrease is primarily due to the fact that the Company had less bank owned life insurance income, non-deposit product income and less non-sufficient funds fee income.
The average cost of a bounced check, referred to as a non-sufficient funds fee or NSF fee, climbed 3 percent to a new record high of $28.
The bank also charged overdraft and non-sufficient funds fees on its deposit advance product despite claims that it would not do so.
One such complementary program launched at the beginning of 2010 is NSF Fee Free Days, which allows members to have $12 Non-Sufficient Funds fees waived on two days during the year, regardless of the number of items marked as NSF on either of the two days.
he $27 billion State Employees' Credit Union said it waived more than $219,000 in non-sufficient funds fees during a late January winter blast that swept over the Tarheel State.
Checking & Savings - non-sufficient funds fees temporarily waived, instant credit for deposits en route to the bank, emergency fulfillment of debit cards.
Gains on sales of securities increased by $622 thousand, secondary market lending fees increased by $472 thousand, the defalcation recovery contributed $217 thousand, Investment Advantage program revenue increased by $62 thousand, non-sufficient funds fees increased by $192 thousand, but losses on OREO increased by $301 thousand.

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